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Enter Symbol:
 
Cit Group Inc (del) (CIT) [hlAlert]

Rating:
Buy CIT
up 22.31 %

Cit Group Inc (del) (CIT) rated Buy

Posted on: Monday,  Aug 13, 2007  9:25 AM ET by CIBC Wrld Mkts

CIBC Wrld Mkts rated Buy Cit Group Inc (del) (NYSE: CIT) on 08/13/2007, when the stock price was $35.80.
Since then, Cit Group Inc (del) has gained 22.32% as of 01/21/2016's recent price of $43.79.
If you would have followed this CIBC Wrld Mkts's recommendation on CIT, you would have gained 22.31% of your investment in 3083 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.

CIBC World Markets strives to deliver leading edge investment research to investing clients through our multi-faceted, firm-wide research product offering. Our research has consistently been recognized as a top research source for its breadth of coverage, industry knowledge and quality of work in generating profitable and timely investment ideas. We provide in-depth coverage for all of the major sectors of the Canadian economy and select coverage of U.S. companies. Our analytical teams remain committed to identifying trends early and developing exploitable investment opportunities across the market capitalization spectrum. With the continued growth in quantitative and computerized investing strategies, we have also developed leading edge quantitative and technical research products to partner with our fundamental approach. Our products are available through several automated avenues: email, website, and third-party market vendors. Client service is our driving force and we constantly advance in offering greater product customization options.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/13/2007 9:25 AM Buy
None
35.80 52.00
as of 8/27/2015
1 Week down  -2.23 %
1 Month down  -8.44 %
3 Months down  -4.92 %
1 YTD down  -15.99 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/13/2007 9:25 AM Hold
None
55.09

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