CIT Group News
News on CIT Group (Ticker: CIT) continually updated from thousands of sources around the net.
Financing was provided by , the U.S. commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.
In a report released Monday, Morgan Stanley analyst Cheryl Pate upgraded CIT Group from Equal-Weight to Overweight and raised its price target from $46 to $57.
There's good news and a brighter outlook for the commercial lender as it prepares to buy OneWest Bank.
CIT Group Inc. , the lender that struck a deal this week to buy Steven T. Mnuchin's OneWest Bank, said the executive will be awarded an annual target compensation package of $4.5 million.
Robb Evans, a veteran banker and turnaround specialist, was installed this week as interim chief executive of Pan American Bank in East Los Angeles.
CIT Group is an interesting investment for investors who want to get exposure to the cyclical commercial lending and leasing business with CIT Group being active in both the commercial aircraft and rail car lease segments.
John Paulson 's hedge funds made almost $1bn on his investment in OneWest Bank , which is being purchased by CIT Group for $3.4bn in cash and stock.
This brings the leasing company's total 787 orders to 20, including 16 787-9s. "We are pleased to place this order for 10 787-9 Dreamliner aircraft," said .
It seems as if the stream of news regarding bank buyouts will never let up. Indeed, we've already heard plenty over the course of the past few years about failed banks, and 2014 hasn't shown much of a slowdown for the trend.
Captain Obvious likes to say, "Home prices don't always go up." It's probably a clich at this point, but it's better than the, "Buy as much home as you can afford" of the '00's.
Eight Reasons the Housing Recovery's Been So Slow From tight credit conditions to empty nesters, here is a litany of problems weighing on the housing market, as summarized in the minutes of last month's Federal Reserve policy meeting.
Following the market opening Tuesday, the Dow traded up 0.47 percent to 17,132.16 while the NASDAQ surged 0.83 percent to 4,461.44.
Futures for U.S. markets are in the green this morning, as geopolitical fears subside.
Updated: Tue Jul 29, 2014 12:18 pm
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