CIT (CIT) Q2 EPS Jumps to $0.71

July 27, 2010 7:24 AM EDT Send to a Friend
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CIT Group (NYSE: CIT) reports Q2 EPS of $0.71, versus $0.49 last quarter.

"During the second quarter we continued to advance our key corporate initiatives,” said John A. Thain, Chairman and Chief Executive Officer. “We improved our funding flexibility, repaid higher cost debt, streamlined our portfolio and largely completed the build-out of our senior management team. We remain committed to increasing the value of our commercial franchises and supporting the small business and middle market sectors that are vital to the U.S. economy."

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