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CIT: 3Q Earnings Snapshot

NEW YORK (AP) _ CIT Group Inc. (CIT) on Tuesday reported third-quarter profit of $131.5 million.

The New York-based company said it had profit of $1.15 per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.15 per share.

The commericial lender posted revenue of $824.1 million in the period. Its adjusted revenue was $476 million.

CIT shares have fallen 5.5 percent since the beginning of the year. The stock has dropped roughly 7 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIT at https://www.zacks.com/ap/CIT