BofA/Merrill Lynch Downgrades CIT Group (CIT) to Underperform
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CIT Reports First Quarter 2016 Net Income of $147 Million ($0.73 Per Diluted Share); Income from Continuing Operations of $152 Million ($0.75 Per Diluted Share)
April 28, 2016 6:30 AM EDTAdvanced Portfolio Optimization Sold U.K. platform, Commercial Air separation and remaining Non-Strategic Portfolio exits progressing; transferred international business air assets to held for sale; Grew Commercial Portfolio Financing and leasing assets in Commercial Banking were up 2% from the prior quarter; Maintained Strong Capital Ratios Common Equity Tier 1 of 13.1% and Total Capital Ratio of 13.7%.
NEW YORK--(BUSINESS WIRE)--... More
