Research on CIT Group and SLM: Financial Services Stocks Look Good

      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

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 

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 

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.

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