Research on CIT Group and SLM: Financial Services Stocks Look Good PR Newswire LONDON, February 12, 2013 LONDON, February 12, 2013 /PRNewswire/ -- Credit service stocks are making a comeback. Though most of these companies were thoroughly beaten down during the economic crisis,since then these stocks have made major upward moves. Companies like CIT Group Inc. (NYSE: CIT) and SLM Corporation (NASDAQ: SLM) posted good quarterly results. The industry itself is in recovery mode and is poised to achieve new highs. The sector is also likely to see consolidation as companies may look to growth through mergers and acquisitions. StockCall has posted free technical research reports on CIT Group Inc. and SLM Corp. and these can be accessed by signing up at http://www.stockcall.com/analysis CIT Group Mulling Merger CIT Group is trying to put itself on the block again. It has held meetings with Wells Fargo & Co. and Toronto Dominion Bank; however, these talks did not fructify. CIT Group has been facing a number of issues lately and selling itself is likely to get it out of some of those problems. The banking company came out of its bankruptcy in 2009 and since then its stock has remained range-bound. CIT Group Inc. technical report can be accessed for free by signing up at http://www.StockCall.com/CIT021213.pdf CIT Group reported better-than-expected results for its fourth quarter, where it managed to beat consensus estimates for EPS. Its net income increased to $206.8 million from $36.3 million seen in the corresponding quarter of the last year. CIT Group's EPS stood at $1.03 per share, surpassing analysts' estimate of 61 cents per share. The company is redesigning its funding mix and assets portfolio to increase its profitability and margins. CIT Group recently started its maritime finance business. The new unit is expected to provide further avenues of growth for the company. Apart from growing organically, the company is also growing through acquisition of assets from other companies. It recently bought the commercial loan balance from Flagstar Bancorp. CIT Group's initiative to cut its debt level started to pay off as is evident from its Q4 results. SLM Corporation in Bullish Mode SLM Corporation is currently making new 52-weeks high. The company mainly specializes in privatized student loans and its stock is currently in the bullish mode as it is trading above its 5-day EMA of $17.89 and 20-day EMA of $17.32. SLM Corporation stock grew 17 percent in the past 12 months. However, capital appreciation is not the only way SLM Corporation stockholders benefit. The company also recently increased its dividend by 20 percent. It will now pay quarterly cash dividend of 15 cents per share. Good dividend yield along with robust capital appreciation makes SLM Corporation an interesting investment option. Download the free report on SLM Corporation upon registration at http://www.StockCall.com/SLM021213.pdf SLM Corporation is also looking at other ways to reward its shareholders. The company also authorized its new share repurchase worth $400 million. SLM Corporation also reported strong results for its fourth quarter as it earned 55 cents per share, up 8 percent from the figure it posted last year for the same quarter. The company is also making good progress on the debt repurchase front. Its stock is in a bullish momentum and offers good opportunity. About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person:William T. Knight, Email: firstname.lastname@example.org, Contact Number: +1-(646)-396-9857 (9:00 am EST - 01:30 pm EST)
Research on CIT Group and SLM: Financial Services Stocks Look Good
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