UPDATE: CIT Group (CIT) Hires Boston Consulting to Review Operations - DJ

October 24, 2016 2:21 PM EDT

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(Updated - October 24, 2016 2:35 PM EDT)

(Updated - October 24, 2016 2:25 PM EDT)

CIT Group (NYSE: CIT) has hired Boston Consulting Group to review its operations, according to Dow Jones. The company's CEO Ellen Alemany told the news service that the consulting firm will be used to help "maximize shareholder value creation."

Lines of business that could be affected haven't yet been decided, and initiatives from the review aren't expected to be imminent.

CIT Group recently entered into an agreement to sell its commercial aircraft leasing business.

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