Topic: CIT Group Inc.

CIT Q2 profit beats Street view

NEW YORK (Reuters) - CIT Group , the commercial lender that last year emerged from bankruptcy, on Tuesday reported a quarterly profit that dwarfed analysts' estimates. The commercial lender reported a second-quarter profit of $142.1 million, or 71 cents a share. Analysts ...

CIT has $1.07 billion loss before bankruptcy

NEW YORK (Reuters) - CIT Group Inc <CITGQ.PK>, the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing. The net loss attributable to ...

Business Highlights

Icahn offers CIT Group $6 billion loan NEW YORK (AP) — In another sign that CIT Group Inc. is struggling to restructure its debt, billionaire investor Carl Icahn offered the lender a $6 billion lifeline. In a letter Monday to CIT's board ...

BofA, Mattel, CIT are big movers

Bank of America, Mattel, CIT are among big market movers FridayStocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: Bank of America Corp., down 28 cents at $12.89 The bank reported better-than-expected ...
Wall Street giant Goldman Sachs on Tuesday posted second-quarter profit of 3.44 billion dollars, beating market expectations and possibly signaling recovery in the battered US financial sector. Goldman Sachs, which has repaid a 10-billion-dollar US government bailout in full in the quarter, ...