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CIT Group Inc (CIT.N)

CIT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cit Names Robert Rubino As President Of Cit Bank, N.A. And Head Of Commercial Banking
Tuesday, 4 Dec 2018 

CIT Group Inc ::CIT NAMES ROBERT RUBINO AS PRESIDENT OF CIT BANK, N.A. AND HEAD OF COMMERCIAL BANKING.  Full Article

CIT Group Inc - Sees 4Q Net Charge Offs Within Annual Target Of 35-45 Bps
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - CIT Group Inc ::CIT GROUP INC - SEES 4Q NET CHARGE OFFS WITHIN ANNUAL TARGET OF 35-45 BPS.CIT GROUP INC - MEDIUM TERM ROTCE TARGET REVISED TO 11-12 PERCENT.CIT GROUP INC SEES LOW-SINGLE DIGIT QUARTERLY GROWTH IN CORE AVERAGE LOANS AND LOSSES FOR Q4 2018 - PRESENTATION.  Full Article

CIT Announces Pricing Of $500 Mln Of Senior Unsecured Notes
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - CIT Group Inc ::CIT ANNOUNCES PRICING OF $500 MILLION OF SENIOR UNSECURED NOTES.PRICING OF PUBLIC OFFERING OF $500 MILLION OF SENIOR UNSECURED NOTES DUE 2024.NOTES PRICED AT PAR.NOTES WILL BEAR INTEREST AT A PER ANNUM RATE OF 4.750 PCT.  Full Article

CIT Group Announces Public Offering Of Senior Unsecured Notes
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - CIT Group Inc ::CIT ANNOUNCES PUBLIC OFFERING OF SENIOR UNSECURED NOTES.CIT GROUP INC - COMMENCED A PUBLIC OFFERING OF SEC REGISTERED SENIOR UNSECURED NOTES DUE 2024.CIT GROUP INC - INTENDS TO USE PROCEEDS OF OFFERING OF NOTES TO RETIRE OUTSTANDING INDEBTEDNESS.  Full Article

CIT Announces Q2 Earnings Per Share Of $0.94
Tuesday, 24 Jul 2018 

July 24 (Reuters) - CIT Group Inc ::CIT ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $1.00 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $1.11 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $0.94.INCREASED QUARTERLY PER SHARE COMMON STOCK DIVIDEND BY 56PCT TO $0.25.QTRLY TOTAL NET REVENUE $524 MILLION VERSUS $495 MILLION IN Q1 2018.  Full Article

CIT Declares Increased Dividend
Tuesday, 17 Jul 2018 

July 17 (Reuters) - CIT Group Inc ::CIT DECLARES INCREASED DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.25PER SHARE.SAYS DECLARED QUARTERLY CASH DIVIDEND OF $0.25/COMMON SHARE, WHICH REPRESENTS 56 PERCENT INCREASE OVER PRIOR QUARTER'S $0.16/COMMON SHARE DIVIDEND.  Full Article

CIT Group Reports Q1 Earnings Per Share $0.79 From Continuing Operations
Tuesday, 24 Apr 2018 

April 24 (Reuters) - CIT Group Inc ::CIT ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.74 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.79 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE $0.74.CIT GROUP - PRELIMINARY COMMON EQUITY TIER 1 CAPITAL RATIO DECREASED TO 14.0%, & PRELIMINARY TOTAL CAPITAL RATIO INCREASED TO 16.7%, AT MARCH 31, 2018.QTRLY NET FINANCE REVENUE $391 MILLION VERSUS $417 MILLION REPORTED LAST YEAR.ALLOWANCE FOR LOAN LOSSES WAS $448 MILLION AT MAR 31, 2018, COMPARED TO $431 MILLION AT DEC 31, 2017.  Full Article

CIT Group Inc Files For Potential Mixed Shelf Offering
Friday, 8 Dec 2017 

Dec 8 (Reuters) - CIT Group Inc ::CIT GROUP INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

CIT, Ocwen Agree To Resolve Claims Filed In Demand For Arbitration
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Cit Group Inc ::CIT GROUP SAYS ON NOV 22, OCWEN LOAN SERVICING AGREED TO A $29.9 MILLION SETTLEMENT TO RESOLVE CLAIMS FILED IN DEMAND FOR ARBITRATION AGAINST CO ON AUG 12, 2016.CIT GROUP INC SAYS THE $29.9 MILLION SETTLEMENT WILL NOT HAVE A MATERIAL EFFECT ON CO'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS - SEC FILING.  Full Article

CIT reports Q3 earnings per share $1.61
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - CIT Group Inc :CIT announces third quarter 2017 results.Q3 earnings per share $1.02 from continuing operations excluding items.Q3 earnings per share $1.64 from continuing operations.Q3 earnings per share $1.61.CIT Group Inc - ‍Remain on track to reduce annual operating expenses by $150 million by 2018​.CIT Group Inc - ‍Increased quarterly common stock dividend by 7% to $0.16 per share​.CIT Group Inc - Qtrly ‍net interest revenue $277 million versus $288 million ​.CIT Group Inc - Qtrly net finance revenue was $401 million compared to $390 million in the prior quarter‍​.CIT Group - ‍Preliminary common equity tier 1 capital ratio decreased to 14.0% at Sept. 30, 2017​.CIT Group Inc - ‍Preliminary total capital ratio decreased to 15.7% at Sept. 30, 2017​.CIT Group Inc - ‍Allowance for loan losses was $420 million at Sept. 30, 2017, compared to $426 million at June 30, 2017​.  Full Article

U.S. business borrowing for equipment rises 7 pct in November - ELFA

Dec 19 U.S. companies' borrowing to spend on capital investment rose 7 percent in November from a year ago, a trade group representing capital equipment lenders said on Wednesday.