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Cit Group Inc (del) (CIT) [hlAlert]

Rating:
Buy CIT
down 7.45 %

Cit Group Inc (del) (CIT) rated Buy by Buckingham Research

Posted on: Wednesday,  Jan 29, 2014  8:25 AM ET by Buckingham Research

Buckingham Research rated Buy Cit Group Inc (del) (NYSE: CIT) on 01/29/2014, when the stock price was $47.32.
Since then, Cit Group Inc (del) has lost 7.46% as of 01/21/2016's recent price of $43.79.
If you would have followed this Buckingham Research's recommendation on CIT, you would have lost 7.45% of your investment in 722 days.

CIT Group Inc. (CIT) is a bank holding company, which provides commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT bank is its primary bank subsidiary. It serves clients in a variety of industries, including transportation, aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. The Company?s products include asset-based loans, secured lines of credit, leases (operating, finance and leveraged), vendor finance programs, import and export financing, debtor-in-possession/turnaround financing, acquisition and expansion financing, letters of credit/trade acceptances structuring and small business loans. The Company operates through five business segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance and Consumer. In November 2009, the Company filed for bankruptcy.

Buckingham Research
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/29/2014 8:25 AM Buy
None
47.32
as of 10/17/2014
1 Week up  1.49 %
1 Month down  -5.96 %
3 Months up  3.33 %
1 YTD down  -5.00 %

(*) Stock Price at the time of the recommendation.
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