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Enter Symbol:
Rating: CIT
Buy $56

Cit Group Inc (del) (NYSE: CIT) rated to Buy with price target $56 by DA Davidson

Friday,  Aug 21, 2015  8:25 AM ET by Lynn Gilbert

DA Davidson rated Cit Group
Inc (del) (NYSE: CIT) to Buy with price target $56.

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.

By offering a full menu of integrated brokerage, capital markets, money management, trust and wealth management services, Davidson Companies has grown to become one of the nation’s leading regional financial services holding companies. Headquartered in Montana, the company has a reach that stretches across 16 states – and we continue to grow. More importantly, we continue to expand the variety and quality of products and services we provide our clients. We work to find more ways to bring you the best in integrated financial services. That’s our commitment to you. The Davidson Companies family includes: * D.A. Davidson & Co., the largest full-service investment firm based in the Northwest and a leader in investment banking and company research for the region; * Davidson Investment Advisors, a professional money management firm; * Davidson Trust Co., a wealth management and trust firm; * Davidson Fixed Income Management, a registered investment adviser providing fixed income services; * and Davidson Travel, a full-service travel agency. Welcome to Davidson Companies, offering excellence in financial services.



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