Financial Biz Cheat Sheet: CIT to Sell $1B in Assets, BofA Considers Selling...
CIT Group (NYSE:CIT) is reportedly looking to sell a $1 billion commercial loan portfolio as part of its ongoing restructuring efforts. CIT has sold more than $8 billion in loan and lease assets since...
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The Most Popular Hedge Fund Stocks Revealed
Goldman’s quarterly update on the stocks hedge funds are massing in – no surprise Apple (NASDAQ:AAPL) is stock #1, but a few surprises here – General Motors (NYSE:GM) at #7 was one; certainly a stock...
View ArticleGoldman Sachs Could Double Its Assets By Acquiring Deutsche Bank
For Goldman Sachs (NYSE:GS), it was a tough 2011 but they held their own. On the plus side, the firm took back its title as the world’s leading underwriter of initial public offerings and it led banks...
View ArticleFinancial Business Recap: JPMorgan Chase Loses, Morgan Stanley Deals with...
JPMorgan Chase (NYSE:JPM) loses an arbitration and $384 million in the process. American Century is awarded that amount after arbitrators decide that JPM “stacked the deck” against the company by...
View ArticleCIT Group Earnings Call NUGGETS: Fee Income, Tax Dollar Approach
On Monday, CIT Group Inc (NYSE:CIT) reported its second quarter earnings and discussed the following topics in its earnings conference call. Take a look. Fee Income Christopher Brendler – Stifel...
View ArticleCIT Group Earnings Call Insights: Economic vs. Core Margins and FSA Accretion
CIT Group Inc (NYSE:CIT) recently reported its fourth quarter earnings and discussed the following topics in its earnings conference call. Economic vs. Core Margins Brad Ball – Evercore: Scott, could...
View ArticleCIT Group Earnings: Here’s Why Investors are Not Happy Now
CIT Group, Inc. (NYSE:CIT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the...
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How Is Boeing Planning to Rise Above Airbus?
Boeing (NYSE:BA) had some good news at the Paris Air Show, announcing that U.S. plane leasing firm CIT Group (NYSE:CIT) had ordered 30 of the aircraft manufacturer’s new 737 Max 8 Aircraft — a deal...
View ArticleCIT Group Earnings: Here’s Why the Stock is Rising Now
CIT Group, Inc. (NYSE:CIT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the...
View ArticleCIT Group Earnings Call Nuggets: Suspended Depreciation and Competitive...
CIT Group Inc (NYSE:CIT) recently reported its second quarter earnings and discussed the following topics in its earnings conference call. Suspended Depreciation Brad Ball – Evercore Partners: I am...
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