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CIT Group
CIT Group is a global commercial finance company that provides financing and leasing products and services to clients in various industries, with a focus on...
CIT Group company page on BNET »

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CIT Group Completes Exit from Home Lending
Money Morning submits: By Jennifer Yousfi After posting four consecutive quarterly losses, CIT Group Inc. CIT took a step in the right direction Tuesday, announcing it struck $1.8 billion in separate deals with Lone Star Funds and a subsidiary of Warren Buffet’s Berkshire Hathaway Inc. (BRK.A, BRK.B). by...
Tags: CIT Group, Financial
External links 2008-07-02
CIT Group: From 'Near Death' to 'Critical'
Christopher Menkin submits: Leasing News issued the press release from the CIT Group CIT announcing the $3 billion underwriting from Goldman Sachs as an “Extra” last Monday. Generally, we prefer to look at the “spin” first. It looked like very good news to this editor, and it still may be,...
Tags: CIT Group, Financial
External links 2008-06-23
CIT Shares Jump on Deal to Shed Mortgage Assets
By Elinor Comlay NEW YORK (Reuters) - CIT Group Inc CIT said on Tuesday it agreed to sell nearly $10 billion of mortgage assets, in a deal that removes problem loans from the commercial lender's balance sheet and lifted its shares 14 percent...
Tags: Asset management, Balance sheets, Mortgages, Investment, Financial accounting, balance sheet, subprime mortgage, mortgage, asset, bond, commercial paper, financing, finance, New York, leasing, Thomson Reuters Corp., payment, analyst, tax, bank, strategy, sales
News items 2008-07-01
Biggest Winners and Losers Since the 5/19 Top
Hickey and Walters Bespoke submit: The S&P 500 is now down 4.62% since it recently peaked on May 19th.  Below we highlight the best and worst performers in the index since then.  The list of worst performers is dominated by Financials and Consumer Discretionary stocks.  MBIA MBI and...
Tags: US Market, Ambac Financial Group Inc., Anheuser-Busch, CIT Group, Compuware Corp., Centex Corp., Dell Computer Corp., D. R. Horton Inc., Ford Motor Co., General Motors Corp., Jabil Circuit Inc., KB HOME, KeyCorp, Lehman Brothers Holdings Inc., Lennar Corp., MBIA Inc., Monsanto Co., National Semiconductor Corp., Pulte Homes Inc., Regions Financial Corp., SLM Corp., Wachovia Corp., Washington Mutual Inc.
External links 2008-06-09
CIT Group Inc. Q1 2008 Earnings Call Transcript
CIT Group Inc. Q1 2008 Earnings Call Transcript
Tags: CIT Group, Call Transcript, Earnings, Seeking Alpha, Financial Accounting, Finance
Earnings calls 2008-04-17
CIT Group Q4 2007 Earnings Call Transcript
CIT Group Q4 2007 Earnings Call Transcript
Tags: CIT Group, Call Transcript, Earnings, Seeking Alpha, Financial Accounting, Finance
Earnings calls 2008-01-17
CIT Group, Inc. F3Q07 (Qtr End 09/30/07) Earnings Call Transcript
CIT Group, Inc. F3Q07 (Qtr End 09/30/07) Earnings Call Transcript
Tags: CIT Group, Call Transcript, Earnings, Seeking Alpha, Financial Accounting, Finance
Earnings calls 2007-10-17
CIT Group Q3 2005 Earnings Conference Call Transcript (CIT)
CIT Group Q3 2005 Earnings Conference Call Transcript CIT
Tags: CIT Group, Call Transcript, Earnings, Seeking Alpha, Financial Accounting, Finance
Earnings calls 2005-10-19

Additional Resources

CIT Elects Alexander T. Mason President and Chief Operating Officer
Financial Services Veteran Tapped to Improve Operations NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that Alexander T. Mason (56) will become the Company's President and Chief Operating Officer, effective immediately. Mason will report to Jeffrey M. Peek,...
Articles 2008-06-16
CIT Provides Financing to Northern Arapaho Tribe for Development of Casino in Wyoming
NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it has provided $22.5 million to the Northern Arapaho Tribe for the development of the Wind River Casino in Riverton, Wyoming. Financing for the transaction was completed by CIT Communications, Media...
Articles 2008-06-12
CIT refinances CO casino resorts
CIT Group Inc. acted as the sole lead arranger for the re-capitalization of Double Eagle Resorts, Inc. and Gold Creek Ventures, LLC, wholly-owned subsidiaries of Colorado Casino Resorts. Double Eagle Hotel & Casino is located in Cripple Creek, Colorado and features a 48,000 s/f casino, a 158-room hotel,...
Articles 2008-06-11
Fitch Comments On CIT's $3 Billion Financing Deal
NEW YORK -- CIT Group (CIT rated 'A-'/'F2' by Fitch) announced today that is has agreed to long term, committed financing provide by Goldman Sachs. The facility provides CIT with $3 billion of financing secured by existing assets and new originations. While the deal does not warrant a...
Articles 2008-06-09
BellwetherReport.com Analyst Report on WM, CIT, VMW and HRH
BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...
Articles 2008-06-09
Moneris Solutions Appoints New Chief Financial Officer, Samir Zabaneh, to Executive Team
Jim Baumgartner, President and CEO, Moneris Solutions, is pleased to announce the appointment of Samir Zabaneh as Moneris Solutions' new Chief Financial Officer. "Samir Zabaneh is a seasoned, well-rounded leader and we are delighted to have him join our team at Moneris ," says Jim Baumgartner, President and CEO, Moneris...
Articles 2008-06-09
ONN Sidewinder Report: Lehman Brothers Options See Heavy Trading on Negative Earnings Report
The Monday, June 9, 2008 Sidewinder Report CHICAGO -- The Sidewinder Report, the www.onn.tv daily options news program recorded live on the floor of the Chicago Board Options Exchange, today examined options trading in the following securities: Vertex Pharmaceuticals Inc. VRTX Nokia Corp. NOK...
Articles 2008-06-09
CIT Announces $3 Billion Long-Term Committed Financing Facility with Goldman Sachs
NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it has agreed to a $3 billion long-term committed financing facility provided by Goldman Sachs (NYSE: GS). Under the terms of the facility, which has a 15-year average life, Goldman Sachs...
Articles 2008-06-09
New Analyst Reports for ALTRIA GROUP INC, WILLIAMS COMPANIES INC, CIT GROUP INC, and WINDSTREAM CORP
MaybachFinancial.com is one of the fastest growingindependent and unbiased research firms in the world. Through our numerouspartnerships with many of the top investment minds in the world, we provideresearch on companies making a move in the markets. Investors seekinggenuine analyst opinions on their investments for ALTRIA GROUP INC (NYSE: MO),...
Articles 2008-06-06
CIT Provides Refinancing to Colorado Casino Resorts
NEW YORK -- CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it acted as the sole lead arranger for the re-capitalization of Double Eagle Resorts, Inc. and Gold Creek Ventures, LLC, wholly-owned subsidiaries of Colorado Casino Resorts. Double Eagle Hotel & Casino is located...
Articles 2008-06-04
CIT Launches '5 Minute Capital': Executive Insight Podcast Series
New Series Provides Intelligence for Busy Executives NEW YORK, June 4 /PRNewswire-FirstCall/ -- Agency.com today announced the launch of '5 Minute Capital' an executive podcast series developed for CIT Group Inc. , a leading global commercial finance company. The series provides actionable insights from CIT's senior executives...
Articles 2008-06-04
Ronson Corporation Announces New and Replacement Financing Improving the Company's Liquidity and Working Capital
SOMERSET, N.J., June 3 /PRNewswire-FirstCall/ -- Ronson Corporation (NASDAQ Capital Market: RONC) (the "Company") today announced that on May 30, 2008, the Company entered into a new credit facility with a maximum availability of up to $7,760,000 with Wells Fargo Business Credit, an operating division of Wells Fargo Bank,...
Articles 2008-06-03
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