CIT Group (CIT) Reports Q3 EPS of $3.63

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Go back to CIT Group (CIT) Reports Q3 EPS of $3.63

CIT Reports Third Quarter 2015 Net Income of $693 Million ($3.61 Per Diluted Share)

November 3, 2015 6:30 AM EST

Income from Continuing Operations of $697 Million ($3.63 Per Diluted Share)

Results Impacted by Several Items Related to Strategic Initiatives and Exited Businesses Includes net after-tax benefit of $544 million ($2.83) per diluted share from discrete items; Closed OneWest Bank Acquisition Added over $20 billion of assets; $14 billion of deposits, reducing borrowing costs by approximately 70 basis points; CIT Bank now represents nearly 65% of total portfolio assets; Grew Lending and Leasing Assets Financing and leasing assets in North America Banking and Transportation & International Finance grew over $1 billion or 3% from prior quarter, excluding assets... More