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UPDATE: CIT Group Posts Upbeat Q3 Profit

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CIT Group (NYSE: CIT) reported an upbeat third-quarter profit.

CIT posted a quarterly net income of $199.6 million, or $0.99 per share, versus a year-ago loss of $299.2 million, or $1.49 per share. However, analysts were projecting earnings of $0.94 per share.

CIT shares closed at $50.97 yesterday.

Posted-In: profitEarnings News


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