CIT’s first quarter net income available to common shareholders and income from continuing operations available to common shareholders were each $119 million or $1.18 per diluted common share. read more
APR 24, 2019 - 6:50 am
CIT Group named James R. Hubbard its general counsel and corporate secretary, effective March 18, 2019. Hubbard will join CIT's Executive Management Committee and report to Chairwoman and CEO Ellen R. Alemany. read more
MAR 15, 2019 - 7:05 am
CIT Group reported fourth quarter net income of $82 million or $0.78 per diluted common share, compared to a net loss available to common shareholders of $98 million or $0.74 per diluted common share for the year-ago quarter. read more
JAN 30, 2019 - 7:10 am
CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. Direct Capital will become CIT. read more
NOV 16, 2018 - 6:55 am
CIT Group reported Q3/18 net income, excluding items, of $131 million or $1.15 EPS compared to $139 million or $1.02 EPS a year earlier. Analysts had expected EPS of $1.14. The bank noted Commercial Finance and Business Capital loans were up 7.2% and 9.8% Y/Y respectively. read more
OCT 24, 2018 - 7:19 am
CIT Group reported income from continuing operations for Q2/18 was $138 million, up from $41 million a year earlier. CIT noted "strong growth in funded volume in each of the equipment finance businesses." read more
JUL 24, 2018 - 7:37 am
CIT named Wahida Plummer as its chief risk officer responsible for all enterprise risk. The company also promoted its Chief Credit Officer Marisa Harney to an expanded role leading all credit risk. read more
MAY 29, 2018 - 7:30 am
CIT Group reported Q1/18 earnings of $97 million were down from $180 million in Q1/17. CIT noted that new lending and leasing volume increased 40% year over year. read more
APR 25, 2018 - 6:48 am
CIT reported net income for the full year was $458 million compared to a loss of $848 million a year earlier. Q4/17 new lending and leasing volume increased to $2.9 billion from $2.0 billion in the prior quarter. read more
JAN 30, 2018 - 7:36 am
CIT Group reported Q3/17 net income of $220 million compared to $131 million for the same quarter a year ago. Income from continuing operations for the third quarter was $223 million. read more
OCT 24, 2017 - 6:58 am
CIT Group said Khanh T. Tran was appointed to the CIT board of directors. He will also serve on the board of CIT Bank. Tran’s background includes senior executive positions with Pacific Life, Aviation Capital and Flying Tiger Line. read more
JUL 19, 2017 - 7:13 am
CIT Group completed the sale of its commercial aircraft leasing business to Avolon Holdings for a purchase price of $10.4 billion. read more
APR 5, 2017 - 7:00 am
CIT Group completed the sale of its 30% ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation U.S to its joint venture partner Tokyo Century. read more
APR 4, 2017 - 6:30 am
CIT Group reached an agreement to sell its 30% ownership stake in the commercial aircraft leasing joint ventures TC-CIT Aviation Ireland and TC-CIT Aviation to its joint venture partner Tokyo Century. read more
MAR 10, 2017 - 7:33 am
Dorene Dominguez was named to CIT Group’s board of directors, effective February 10, 2017. Dominguez will continue to serve as a director of the company's banking subsidiary, CIT Bank, a role she has held since 2015. read more
FEB 15, 2017 - 7:20 am