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CIT Group Inc (CIT.N)

CIT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CIT Announces Pricing Of $500 Mln Of Senior Unsecured Notes
Wednesday, 15 Aug 2018 

Aug 14 (Reuters) - CIT Group Inc ::CIT ANNOUNCES PRICING OF $500 MILLION OF SENIOR UNSECURED NOTES.PRICING OF PUBLIC OFFERING OF $500 MILLION OF SENIOR UNSECURED NOTES DUE 2024.NOTES PRICED AT PAR.NOTES WILL BEAR INTEREST AT A PER ANNUM RATE OF 4.750 PCT.  Full Article

CIT Group Announces Public Offering Of Senior Unsecured Notes
Tuesday, 14 Aug 2018 

Aug 14 (Reuters) - CIT Group Inc ::CIT ANNOUNCES PUBLIC OFFERING OF SENIOR UNSECURED NOTES.CIT GROUP INC - COMMENCED A PUBLIC OFFERING OF SEC REGISTERED SENIOR UNSECURED NOTES DUE 2024.CIT GROUP INC - INTENDS TO USE PROCEEDS OF OFFERING OF NOTES TO RETIRE OUTSTANDING INDEBTEDNESS.  Full Article

CIT Announces Q2 Earnings Per Share Of $0.94
Tuesday, 24 Jul 2018 

July 24 (Reuters) - CIT Group Inc ::CIT ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $1.00 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $1.11 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $0.94.INCREASED QUARTERLY PER SHARE COMMON STOCK DIVIDEND BY 56PCT TO $0.25.QTRLY TOTAL NET REVENUE $524 MILLION VERSUS $495 MILLION IN Q1 2018.  Full Article

CIT Declares Increased Dividend
Tuesday, 17 Jul 2018 

July 17 (Reuters) - CIT Group Inc ::CIT DECLARES INCREASED DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.25PER SHARE.SAYS DECLARED QUARTERLY CASH DIVIDEND OF $0.25/COMMON SHARE, WHICH REPRESENTS 56 PERCENT INCREASE OVER PRIOR QUARTER'S $0.16/COMMON SHARE DIVIDEND.  Full Article

CIT Group Reports Q1 Earnings Per Share $0.79 From Continuing Operations
Tuesday, 24 Apr 2018 

April 24 (Reuters) - CIT Group Inc ::CIT ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.74 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q1 EARNINGS PER SHARE $0.79 FROM CONTINUING OPERATIONS.Q1 EARNINGS PER SHARE $0.74.CIT GROUP - PRELIMINARY COMMON EQUITY TIER 1 CAPITAL RATIO DECREASED TO 14.0%, & PRELIMINARY TOTAL CAPITAL RATIO INCREASED TO 16.7%, AT MARCH 31, 2018.QTRLY NET FINANCE REVENUE $391 MILLION VERSUS $417 MILLION REPORTED LAST YEAR.ALLOWANCE FOR LOAN LOSSES WAS $448 MILLION AT MAR 31, 2018, COMPARED TO $431 MILLION AT DEC 31, 2017.  Full Article

CIT Group Inc Files For Potential Mixed Shelf Offering
Saturday, 9 Dec 2017 

Dec 8 (Reuters) - CIT Group Inc ::CIT GROUP INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

CIT, Ocwen Agree To Resolve Claims Filed In Demand For Arbitration
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Cit Group Inc ::CIT GROUP SAYS ON NOV 22, OCWEN LOAN SERVICING AGREED TO A $29.9 MILLION SETTLEMENT TO RESOLVE CLAIMS FILED IN DEMAND FOR ARBITRATION AGAINST CO ON AUG 12, 2016.CIT GROUP INC SAYS THE $29.9 MILLION SETTLEMENT WILL NOT HAVE A MATERIAL EFFECT ON CO'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS - SEC FILING.  Full Article

CIT reports Q3 earnings per share $1.61
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - CIT Group Inc :CIT announces third quarter 2017 results.Q3 earnings per share $1.02 from continuing operations excluding items.Q3 earnings per share $1.64 from continuing operations.Q3 earnings per share $1.61.CIT Group Inc - ‍Remain on track to reduce annual operating expenses by $150 million by 2018​.CIT Group Inc - ‍Increased quarterly common stock dividend by 7% to $0.16 per share​.CIT Group Inc - Qtrly ‍net interest revenue $277 million versus $288 million ​.CIT Group Inc - Qtrly net finance revenue was $401 million compared to $390 million in the prior quarter‍​.CIT Group - ‍Preliminary common equity tier 1 capital ratio decreased to 14.0% at Sept. 30, 2017​.CIT Group Inc - ‍Preliminary total capital ratio decreased to 15.7% at Sept. 30, 2017​.CIT Group Inc - ‍Allowance for loan losses was $420 million at Sept. 30, 2017, compared to $426 million at June 30, 2017​.  Full Article

DyDo Group Holdings unit to acquire 80 pct stake in Merpez
Monday, 16 Oct 2017 

Oct 16(Reuters) - DyDo Group Holdings Inc <2590.T>:Says its 90 percent-owned Turkey-based unit Della Gıda Sanayi ve Ticaret A.Ş. will acquire 80 percent stake in Turkey-based company Merpez Ticaret Turizm Gıda Tarım Pazarlama Emlak İnşaat Sanayi İthalat ve İhracat Limited Şirketi(Merpez), which is mainly engaged in manufacture and sales of mineral water .Says amount of investment in Merpez for the acquisition is 23.4 million Turkish liras (725 million yen).Says the acquisition will close in late November .  Full Article

Avolon Holdings says to buy CIT Group's aircraft leasing business
Friday, 7 Oct 2016 

Avolon Holdings Ltd: Avolon's financial advisors for the transaction were UBS Investment Bank and Morgan Stanley & Co. LLC .To buy CIT Group's aircraft leasing business; deal to be funded by Avolon's cash, new equity by Bohai, deal debt financing of $8.5 billion.  Full Article

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China's HNA to sell over $2 billion Avolon stake to Orix: sources

SINGAPORE/HONG KONG China's HNA Group Co Ltd is in advanced talks to sell a 30 percent stake in aircraft lessor Avolon Holdings Ltd to Japan's Orix Corp , two sources said, as the company attempts to restructure and trim stakes even in its core assets.