In July, CIT said it agreed to buy the parent company of OneWest Bank NA in a $3.4 billion deal that would give it a physical network of branches and expand its assets past the $50 billion mark, which brings additional regulatory requirements.
CIT Group Inc. (NYSE:CIT) a leading provider of commercial lending and leasing services today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock.
Two major community advocacy groups called on federal regulators to reject CIT Group Inc.'s proposed $3.4-billion takeover of Pasadena's OneWest Bank, contending that the bankers are catering to the rich and neglecting lower-income California borrowers.
A rise in operating lease revenues drove CIT Group Inc.'s (CIT - Analyst Report) third-quarter 2014 adjusted earnings from continuing operations of 89 cents per share, which beat the Zacks Consensus Estimate by a penny.
However, as CIT Group continues with its business expansion plans, operating expenses will mount. Notably, the company has been undertaking streamlining initiatives to lower expenses, but these are not expected to bear fruits in the upcoming quarter ...
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning ...
CIT Group Inc. (CIT: Quote,CITGQ.PK), a provider of commercial lending and leasing services, reported third-quarter net income of $515 million, $2.76 per share, compared to $200 million, or $0.99 per share, year ago.
Investor-Edge has initiated coverage on the following equities: CIT Group Inc. (NYSE: CIT), KeyCorp (NYSE: KEY), Fifth Third Bancorp (NASDAQ: FITB), Huntington Bancshares Inc. (NASDAQ: HBAN), and Regions Financial Corporation (NYSE: RF).