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

Rating:
Buy CIT
up 31.62 %

Cit Group Inc (del) (CIT) rated Buy with price target $45 by Sterne Agee

Posted on: Monday,  Mar 22, 2010  11:25 AM ET by Sterne Agee

Sterne Agee rated Buy Cit Group Inc (del) (NYSE: CIT) on 03/22/2010. Previously Sterne Agee rated Buy Cit Group Inc (del) (NYSE: CIT)
on 02/23/2010., when the stock price was $33.27. Since then, Cit Group Inc (del) has gained 31.62% as of 01/21/2016's recent price of $43.79.
If you would have followed the previous Sterne Agee's recommendation on CIT, you would have gained 31.62% of your investment in 2158 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.

For more than a century, Sterne Agee has worked in the belief that succeed only when our clients thrive. For a brokerage firm to survive for more than 100 years is hard enough. One can only thrive that long, though, by ensuring that your clients thrive first. Sterne Agee is one of the oldest and largest privately held brokerage firms left in the industry. Sterne Agee is a member of the New York Stock Exchange, and a registered Broker Dealer. Sterne Agee offers clients all the advantages of a full-service firm, yet retain the flexibility and personal attention that are rarely found in the huge names. Sterne Agee's expertise includes retail and institutional brokerage; investment banking and underwriting; secondary trading of corporate, municipal, and government securities; and market making in over-the-counter stocks.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/22/2010 11:25 AM Buy
None
38.58 45.00
as of 12/31/2010
1 Week up  2.93 %
1 Month up  19.08 %
3 Months up  15.11 %
1 YTD up  21.79 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/23/2010 8:25 AM Buy
None
33.27 40.00

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