CIT Group

According to Sterne Agee, CIT Group (NYSE: CIT) Buy rating is reiterated. Sterne Agee said that it is altering the format of our earnings estimates to reflect expected cost related to reduction in the company 7.00% notes (As & Cs). “We have always factored this into our book value estimates,...

Barclays has downgraded CIT Group (NYSE: CIT) from Overweight to Equal Weight and has lowered the price target from $48 to $46.

Citigroup has initiated coverage on CIT Group (NYSE: CIT) with a Buy rating and $57 price target.

Credit Suisse initiates coverage on CIT Group (NYSE: CIT) with a Neutral rating and $45 price target.

If you've been wondering how much upside is left for junk bonds, Barron's has an interesting interview with Mark Vaselkiv, the man in charge of the taxable high-yield bond team at investment manager T. Rowe Price Group, Inc. (NASDAQ: TROW). Vaselkiv has been in charge of the $8 billion T. Rowe...

CIT Group (NYSE: CIT), who recently reemerged from bankruptcy, is seeing a large bearish bet this afternoon even as the stock moves lower. The July $35 put was purchased on the offer 20,000 times a short while ago. This volume vastly outpaces the open interest on that strike and suggests that new,...

CIT Group, Inc. (NYSE: CIT) announced on Monday that the company will repay $750 million of its "high cost" debt ahead of schedule. "The company will prepay this high cost debt out of its available holding company cash position, which is in excess of $5 billion," CIT said in a statement. The board...

Investor Carl Icahn voiced his support for John Thain's hiring as Chief Executive of CIT Group, Inc. (NYSE: CIT). "He's a very good pick for the job," Icahn said. "Thain has a pretty good history of operations and making things happen." Icahn said that CIT Group has "great" lending platforms that...

CIT Group (NYSE: CIT) is up 17% at $1.97/share on over 2X normal volume. There are two possible reasons for the jump. Earlier today many were speculating that CIT would possibly merge with Indy Mac Bank (the firm that failed in 2008) but was reincarnated as Indy Mac Federal Bank. However later in...