Last $45.98 USD
Change Today -0.305 / -0.66%
Volume 142.5K
As of 11:05 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

cit group inc (CIT) Key Developments

CIT Group Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014

CIT Group Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $306.2 million against $307.2 million a year ago. Net interest revenue was $29.3 million against $39.7 million a year ago. Income from continuing operations before benefit (provision) for income taxes was $222.4 million against $153.6 million a year ago. Income from continuing operations was $252 million or $1.37 per diluted share against $123 million or $0.61 per diluted share a year ago. Net income was $251 million or $1.37 per diluted share against $129.9 million or $0.65 per diluted share a year ago. For the year, the company reported total interest income of $1,226.5 million against $1,255.2 million a year ago. Net interest revenue was $140.3 n against $194.3 n a year ago. Income from continuing operations before benefit (provision) for income taxes was $680.8 million against $734.2 million a year ago. Income from continuing operations was $1,077.5 million or $5.69 per diluted share against $644.4 million or $3.19 per diluted share a year ago. Net income was $1,130.0 million or $5.96 per diluted share against $675.7 million or $3.35 per diluted share a year ago. Book value per share at December 31, 2014 grew to $50.13 from $49.10 at September 30, 2014 and $44.78 at December 31, 2013. Tangible book value per share at December 31, 2014 increased to $46.83 from $45.87 at September 30, 2014 and $42.98 at December 31, 2013.

Winchester Electronics Corp. Selects CIT Group Inc as Lead Arranger and Administrative Agent

Winchester Electronics Corp. has selected CIT Group Inc. as lead arranger and administrative agent to acquire SRI Hermetics, or SRI.

CIT Group Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

CIT Group Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

CIT Group Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on February 27, 2015

CIT Group Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock. The common stock dividend is payable on February 27, 2015 to common shareholders of record as of February 13, 2015.

CIT Group Inc. Presents at 6th Annual Canadian Power Finance Conference, Jan-29-2015 12:15 PM

CIT Group Inc. Presents at 6th Annual Canadian Power Finance Conference, Jan-29-2015 12:15 PM. Venue: The Ritz-Carlton, Toronto, Ontario, Canada. Speakers: Steve Blazevic, Director, Energy & Infrastructure.

 

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