CIT Group (CIT) Tops Q4 EPS by 19c
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CIT Announces Fourth Quarter and Full Year 2016 Results
January 31, 2017 6:30 AM ESTNEW YORK, Jan. 31, 2017 /PRNewswire/ --
Financial Highlights:
Results reflect stable core operating performance offset by goodwill impairment and several other noteworthy items related to actions to transform and simplify the company, including divestitures and legacy OneWest Bank matters Fourth quarter net loss of $1.2 billion or $5.71 per diluted share; loss from continuing operations of $424 million or $2.10 per diluted share Fourth quarter net income excluding noteworthy items1 of $196 million or $0.97 per diluted share; income from continuing operations excluding noteworthy items1 of $120... More