News on Cit Group Inc.

CIT Group Q1 profit falls 55 percent

2011-04-27T05:30:08Z

NEW YORK (Reuters) - CIT Group Inc , the business lender run by former Merrill Lynch Chief Executive John Thain, said first-quarter profit fell 55 percent, hurt by charges l...

CIT Group Q4 profit falls sequentially

2011-02-15T04:30:22Z

(Reuters) - CIT Group Inc reported a sequential drop in quarterly profit as the commercial lender was hurt by a fall in interest income and higher expenses.

Fourth-quarter net income was $74.8 million, or 37 cents as share, compared with $115.8 million, or 58 cents a share, in the third quarter.

Ana...

CIT Q2 profit beats Street view

2010-07-27T05:30:23Z

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 on average expected a profit of 33 cents a share, according t...

Thain Makes It Rain At CIT

2010-10-27T06:44:21Z

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CIT Group Comes Together

2010-10-27T06:44:16Z

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Snap-on Incorporated Q4 2009 Earnings Call Transcript

2010-10-24T15:15:37Z

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CIT has $1.07 billion loss before bankruptcy

2010-04-16T09:06:31Z

NEW YORK (Reuters) - CIT Group Inc &lt;CITGQ.PK&gt;, 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 shareholders equaled $2.74...

Greenlight Capital Re, Ltd. Q3 2009 Earnings Call Transcript

2010-10-22T12:48:04Z

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Business Highlights

2010-10-27T14:33:00Z

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 of directors, Icahn said he would give the company the loan to replace a debt restructuring plan CIT has asked bondholde...

Street Digests Earnings Reports

2010-10-22T07:47:48Z

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Serbs seek to ban fan groups after Frenchman dies

2010-10-22T07:46:43Z

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Snap-on Incorporated Q2 2009 Earnings Call Transcript

2010-10-22T07:20:22Z

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Markets Slip After Poor Tech Earnings

2010-10-22T07:42:48Z

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BofA, Mattel, CIT are big movers

2010-09-22T13:13:36Z

Bank of America, Mattel, CIT are among big market movers Friday

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Bank of America Corp., down 28 ...

S&P 500 Weekly Wrap-Up

2010-10-22T07:42:26Z

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Bailed-out Goldman Sachs profit soars to 3.44 bln dlrs

2010-10-13T14:55:03Z

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-dolla...

Earnings Preview: Huntington Bancshares

2010-10-21T09:17:39Z

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Earnings Preview: CIT Group

2010-10-21T09:07:51Z

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Earnings Preview: JP Morgan Chase

2010-10-21T08:59:03Z

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Wall Street

2010-03-29T07:26:04Z

David O'Day, center, and fellow traders gather at the post on the floor of the New York Stock Exchange that handles CIT Group, Thursday, Dec. 10, 2009. Shares of CIT Group are up sharply in their first day of trading after the lender emerged from bankruptcy protection. (AP Photo/Richard Drew)

Carl Icahn speaks at the World Business Forum in New York. Icahn on Tuesday, Oct. 27, 2009 said in a letter he will pay CIT Group Inc.'s smaller bondholders 60 cents on the dollar for their debt if they agree to reject CI...

CIT Group Restructuring

2010-03-30T22:43:20Z

FILE - In this Oct. 11, 2007 file photo, activist investor Carl Icahn speaks at the World Business Forum in New York. In a letter Monday, Oct. 19, 2009, to CIT's board of directors, Icahn is offering struggling lender CIT Group a $6 billion lifeline.(AP Photo/Mark Lennihan, file)

Copyright 2009 Jeffrey Peek, Chairman and CEO of CIT Group Inc., talks during the dedication of the CIT global headquarters in New York. The business lender CIT Group said Tuesday, Oct. 13, 2009, Peek plans to resign at the end of the year. (AP Photo/Mark Lennihan, file)

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FILE: CIT Speculated To File Bankruptcy

2010-09-22T12:53:39Z

NEW YORK - JULY 16: (FILE PHOTO) The logo to the CIT Group headquarters is displayed July 16, 2009 in New York City. According to reports, CIT is speculated to be collapsing and on the brink of bankruptcy as their shares fall. (Photo by Mario Tama/Getty Images)