CIT Group Inc. is Today's Focus Stock on
Monday, October 11, 2021 6:50 AM

Related Stories

Oct. 11, 2010 (GlobeNewswire) --

DALLAS, Oct. 11, 2010 (GLOBE NEWSWIRE) -- announces an investment report featuring CIT Group Inc. (NYSE:CIT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at:

CIT Group Inc. (CIT) is a bank holding company that provides commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT operates primarily in North America, with locations in Europe, Latin America, Australia and the Asia-Pacific region. CIT bank is its primary bank subsidiary. The Company provides financing and leasing capital to its clients and their customers in over 30 industries and 50 countries. It serves clients in a variety of industries, including transportation, aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. The Company operates through five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance and Consumer Finance. In November 2009, the Company filed for bankruptcy. In December 2009, CIT emerged from bankruptcy. 

Message Board Search for CIT:

In the report, the analyst notes:

"Net income increased from the quarter ended March 31, 2010, as gains on sales of assets and recoveries of pre-FSA charged-off receivables more than offset a higher provision for credit losses and costs for an employee retention program announced last quarter. The second-quarter results include pre-tax net accretion and lower depreciation of $407 million resulting from fresh start accounting balance sheet adjustments recorded in December 2009.  

"CIT recently announced its actions to reduce high-cost debt by saying it will redeem notes that carry interest rates of more than 10%. Approximately $860 million of Series B second-lien notes will be redeemed at 103.5% of the principal amount. The 10.25% notes mature in 2015 and 2016. The move is to be completed November 4 and will leave outstanding $750 million of the series maturing in 2017. "

To read the entire report visit:

See what investors are saying about CIT at

Get breaking news on CIT at is a small-cap research and investment commentary provider that strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information visit: Disclosure is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. is a Web site wholly owned by BlueWave Advisors, LLC. Neither nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site,, for complete risks and disclosures.

          Brian Johnson

(Source: PrimeZone )
(Source: Quotemedia)


Symbol :


Market news:

  • Asian-Pacific leaders vow to work for freer trade Nov 13, 2021 11:12 PM

    • YOKOHAMA - Asian-Pacific leaders endorsed a blueprint for future growth Sunday that calls for pushing ahead with free trade agreements and rolling back protectionist measures put in place during the financial crisis.
    • Wrapping up the annual Asia-Pacific Economic Cooperation, the leaders of 21 economies put aside differences over currency policies to voice a strong commitment to increasing the trade and investment crucial to the region's growth and resilience.
    • Leaders representing the U.S., China, Japan, Russia and other regional economies also agreed on the need to reduce trade imbalances and government debt and avoid sharp, potentially disruptive fluctuations in exchange rates.
      • Snowstorm causes 400 Minn. crashes; 2 die in Wis. Nov 13, 2021 10:48 PM

        • Parts of the Upper Midwest dug out from a heavy snowfall Saturday that caused more than 400 traffic accidents in Minnesota, and wintry conditions also were being blamed for a collision in northern Wisconsin that killed two people.
        • Nearly a foot of snow had fallen in parts of the Twin Cities area by Saturday evening, downing trees and causing sporadic power outages.
        • The storm that began late Friday night was blamed for a collision Saturday morning that killed both drivers and left a passenger hospitalized.
          • Newton shakes off troubles to lead Auburn past UGa Nov 13, 2021 09:51 PM

            • AUBURN, Ala. - Cam Newton did his talking on the field.
            • 2 Auburn into the Southeastern Conference championship game - and another step closer to playing for the national title.
            • The Tigers pulled away from Georgia in the fourth quarter for a 49-31 victory that, at least for one day, took some of the heat off college football's most dynamic player.
              • Myanmar democracy leader Suu Kyi to meet allies Nov 13, 2021 09:44 PM

                • YANGON, Myanmar - Pro-democracy hero Aung San Suu Kyi, who was unconditionally released from seven years under house arrest, was to meet Sunday with her political allies amid speculation whether she would risk re-arrest by challenging Myanmar's ruling military head-on.
                • The Nobel Peace Prize laureate walked free Saturday after more than seven years under house arrest, welcomed by thousands of cheering supporters outside the decaying lakefront villa that has been her prison.
                • In her first public appearance Saturday evening, Suu Kyi indicated she would continue with her political activity but did not specify whether she would challenge the military with mass rallies and other activities that led to her earlier detentions.
                  • GOP lawmakers take tough stand on Bush tax cuts Nov 13, 2021 09:24 PM

                    • WASHINGTON - Fresh off big victories on Election Day, Republicans in Congress feel empowered in their fight to extend tax cuts that expire in January, including those for the wealthy.
                    • President Barack Obama has said he wants to compromise with Republicans to ensure that tax cuts for middle-income families continue, suggesting he's open to extending all the tax breaks for a year or two.
                    • Republican leaders say it's a nice gesture by the president, but some key GOP lawmakers want more.

                      More news


    Recent Estimates

AnalystFirm NameSymbolEPS Estimate
adfgafg ERTS($0.26)
Dan Ruckn/a ADM$0.75