|Bid||26.60 x 800|
|Ask||26.98 x 1000|
|Day's Range||25.63 - 28.30|
|52 Week Range||12.02 - 53.40|
|Beta (5Y Monthly)||1.90|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.40 (6.51%)|
|Ex-Dividend Date||May 07, 2020|
|1y Target Est||N/A|
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
U.S. companies' borrowings for capital investments fell about 7% in April from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday. Washington-based ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 71.7% in April, down from 74.2% in March. ELFA's leasing and finance index measures the volume of commercial equipment financed in the United States.
Joseph Otting, the head of a top U.S. banking regulator and former CEO of California's OneWest Bank, is stepping down from his government post after two and a half years, he announced on Thursday. Brian Brooks, Otting's top deputy at the Office of the Comptroller of the Currency, which oversees lenders including Wells Fargo and Citibank, will lead the agency as acting head. Brooks, who joined the agency in April as chief operating officer, previously worked with Otting at OneWest and has also held senior posts at housing finance giant Fannie Mae and cryptocurrency exchange Coinbase.
CIT Group (NYSE:CIT) shareholders are no doubt pleased to see that the share price has bounced 38% in the last month...
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Moody's Investors Service (Moody's) has affirmed the ratings of CIT Group Inc. (CIT) and its bank subsidiary, CIT Bank, N.A., following the affirmation of CIT Bank's baa3 standalone Baseline Credit Assessment (BCA). CIT has a long-term senior unsecured debt rating of Ba1 and CIT Bank is rated Baa1/Prime-2 for deposits.
Details the CEO buys this past week for the following companies: Dell Technologies, Prosperity Bancshares, CIT Group, Westlake Chemical Partners and OPKO Health Continue reading...
Unfortunately for some shareholders, the CIT Group (NYSE:CIT) share price has dived 64% in the last thirty days. Given...
Those following along with CIT Group Inc. (NYSE:CIT) will no doubt be intrigued by the recent purchase of shares by...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of CIT Group Inc. New York, February 25, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CIT Group Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
(Bloomberg) -- If FTI Consulting Inc. suffers from a lack of name recognition, its clients don’t.The firm, staffed with former FBI, MI-6 and Mossad agents, has advised everyone from Jeff Bezos in the alleged Saudi phone hack case that United Nations experts got involved with last month, to George W. Bush and O.J. Simpson’s defense team -- not to mention helping recover billions stolen by Bernie Madoff.It’s paid off for investors, at least recently. After going nowhere since the 2008 recession, FTI’s market value has almost tripled, rising 191% to $4.7 billion, after beating Wall Street projections in the last two years. The Washington, D.C.-based company is expecting 2019 results, to be released on Feb. 25, to show a second-straight year in which profit increased by more than 40%.The question now is how long FTI’s recent growth will last. In years past, it relied in part on numerous mergers and acquisitions. FTI’s restructuring business also did well during the recession, working on the bankruptcies of Lehman Brothers, General Motors and CIT Group.Under Chief Executive Officer Steven Gunby, who started in 2014, FTI has focused more on organic growth, expanding into areas such as cybersecurity and lobbying. But wary investors now want to see another couple of years of growth, said Tobey Sommer, a longtime FTI analyst for SunTrust Robinson Humphrey Inc.“There’s a lot of skepticism” among investors that FTI can keep growing organically, he said. The shares fell 2.6% on Thursday, the most since November, closing at $125.89. Even so, the stock should climb to $155 in a year, he projects, or a 20% increase from Wednesday’s closing price. The bullishness was echoed by Joe Kunkle, head of research at Relativity Capital Advisors, which has owned FTI shares. He said the stock’s valuation remains fairly cheap and Wall Street profit expectations are too pessimistic. FTI shares trade at about 22 times earnings, roughly the same as the S&P 500 Index.FTI declined to comment. In a presentation in November, it said it’s on a path of “sustained double-digit” growth in adjusted earnings-per-share. It expects to post annual profit, excluding some items, of as much as $6 a share on annual revenue of $2.25 billion to $2.3 billion, both records.Founded in a warehouse in Annapolis, Maryland, in 1982, Forensic Technologies International initially assisted lawyers in finding expert witnesses and then went on to help bring computer modeling and animation to courtrooms. For Simpson’s defense, it built an illustrated timeline. In 1996, the company went public at $8.50 a share.Over the next decade the company changed its name and bought rivals to expand into restructuring, bankruptcy, accounting, risk advisory and public relations. It helped Bush with trial graphics in the Florida presidential voter case. It worked on the bankruptcy cases of Enron and WorldCom, and snapped up operations of the Big Four accounting firms when they were forced to sell in the aftermath of those scandals.Gunby is now working to instill “a culture of organic growth” while pushing the company into adjacent services, according to Sommer. He has hired more employees, increasing so-called billable headcount during his tenure by 34% to 4,334 as of September.One of those hires was the former FBI official Anthony J. Ferrante, whose report on the Bezos case was published by Vice last month.FTI’s analysis traced the hack on the Amazon.com founder’s phone to a WhatsApp message allegedly sent from the account of Saudi Arabia’s crown prince, Mohammed bin Salman. The Saudi Embassy has denied involvement in the hack, calling the claims “absurd.”Landing high-profile clients like Bezos for the firm’s relatively new cybersecurity unit could lead to even more business, Sommer said.(Updates share performance starting in headline)To contact the reporter on this story: Vivek Shankar in Washington at email@example.comTo contact the editors responsible for this story: Kasia Klimasinska at firstname.lastname@example.org, Larry Reibstein, Richard RichtmyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
CIT Group Inc. (NYSE:CIT) stock is about to trade ex-dividend in 4 days time. Investors can purchase shares before the...
CIT (CIT) delivered earnings and revenue surprises of 14.41% and 4.32%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
U.S. companies' borrowings for capital investments rose about 2% in December from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Friday. The companies signed up for $12.9 billion in new loans, leases and lines of credit last month, up from $12.7 billion a year earlier. Some ELFA member organizations are seeing slightly elevated levels of stress in their business amid slowing global economic growth, ELFA's Chief Executive Officer Ralph Petta said.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...