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Rating: CIT

Cit Group Inc (del) (NYSE: CIT) reiterated to Neutral by Goldman

Friday,  Aug 14, 2015  10:25 AM ET by Betsy O'Brien Harrison

Goldman reiterated Cit Group Inc (del) (NYSE: CIT) to Neutral. Previously Goldman reiterated Cit Group Inc
(del) (NYSE: CIT) to Neutral on 01/22/2014, when the stock price was $50.16. Since then, Cit Group Inc (del)'s stock price has lost 7% as of 08/14/2015's recent price of $46.52.

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.


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