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CIT Group Inc (CIT.N)

CIT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

CIT announces cash tender offer for up to $2.75 mln of its common stock
6:00am EDT 

April 27 (Reuters) - CIT Group Inc ::CIT announces cash tender offer for up to $2,750,000,000 of its common stock.CIT Group Inc - offer will expire on expiration date, which is 11:59 p.m., New York City Time, on may 24, 2017.CIT Group Inc - purchase price will be lowest price per share (in increments of $0.25) of not greater than $48.00 and not less than $43.00 per share.  Full Article

CIT Q1 earnings per share $0.80 excluding items
Tuesday, 25 Apr 2017 06:30am EDT 

April 25 (Reuters) - Cit Group Inc :Cit announces first quarter 2017 results.Q1 earnings per share $0.54 from continuing operations excluding items.Q1 earnings per share $0.80 excluding items.Q1 earnings per share $0.38 from continuing operations.Q1 earnings per share $0.88.Cit group inc - tangible book value per share increased to $46.09 at mar. 31, 2017.Cit group inc- allowance for loan losses was $449 million at mar. 31, 2017, compared to $433 million at dec. 31, 2016.Cit group inc - in quarter, redemption of $4.84 billion in unsecured debt to settle on may 4, 2017 and completed tender offer for $969 million.Cit group inc- preliminary common equity tier 1 and total capital ratios at mar. 31, 2017, increased to 14.3% and 15.1%, respectively.Qtrly interest income $ 456 million versus. $ 483 million.Cit group inc- net finance revenue was $417 million in current quarter, compared to $421 million in prior quarter and $442 million in year-ago quarter.  Full Article

Cit says to increase aggregate maximum principal amount of notes from $950 mln to $969 mln
Tuesday, 18 Apr 2017 07:00am EDT 

April 18 (Reuters) - Cit Group Inc :Cit announces early results of its previously announced cash tender offer of unsecured notes.Cit group inc says to increase aggregate maximum principal amount of notes that may be accepted for purchase in tender offer from $950 million to $969 million.  Full Article

CIT names John Fawcett CFO
Thursday, 13 Apr 2017 04:30pm EDT 

CIT Group Inc : CIT names John Fawcett executive vice president and chief financial officer . Says John Fawcett appointed CFO . CIT Group Inc - Fawcett will succeed CFO Carol Hayles . CIT Group Inc - Fawcett will join company as an advisor on April 17, 2017 and begin a transition period before taking on CFO Role .CIT Group Inc- Fawcett will serve on company's executive management committee.  Full Article

CIT Group Steven Mnuchin received total compensation of $11.24 mln in 2016
Thursday, 30 Mar 2017 05:47pm EDT 

CIT Group Inc :CIT Group Inc - Steven Mnuchin received total compensation of $11.24 million in 2016 - sec filing.  Full Article

CIT agrees to sell stake in TC-CIT aviation joint ventures
Thursday, 9 Mar 2017 06:00pm EST 

Cit Group Inc : Cit reaches agreement to sell stake in tc-cit aviation joint ventures . Cit reaches agreement to sell stake in tc-cit aviation joint ventures . CIT Group Inc - following this transaction, tc will be sole owner of entities . Says following this transaction, tc will be sole owner of entities . CIT Group Inc - tc-cit joint ventures were excluded from sale to avolon . Cit Group - reached agreement to sell 30 percent ownership stake in commercial aircraft leasing joint ventures tc-cit aviation ireland, tc-cit aviation u.s., inc .CIT Group Inc - agreement to sell stake in tc-cit aviation joint ventures to its joint venture partner tokyo century corporation.  Full Article

CIT Group says on target to achieve $150 mln in continuing operations expense saves
Tuesday, 31 Jan 2017 07:15am EST 

Cit Group Inc :CIT Group says on target to achieve $150 million in continuing operations expense saves by 2018 - SEC filing.  Full Article

CIT Group sets quarterly cash dividend of $0.15 per share
Wednesday, 18 Jan 2017 04:30pm EST 

CIT Group Inc - :Sets quarterly cash dividend of $0.15 per share.  Full Article

CIT announces early tender results for its offer to exchange its 5.000% senior unsecured notes due in May 2017
Thursday, 22 Dec 2016 06:30am EST 

CIT Group Inc : CIT announces early tender results for its offer to exchange its 5.000% senior unsecured notes due in May 2017 . CIT Group Inc says offer to exchange all of outstanding 5.000% senior unsecured notes due 2017 for newly issued 5.000% senior unsecured notes due 2018 . CIT Group Inc says old notes tendered prior to early deadline will be exchanged on December 23, 2016 .CIT Group Inc says exchange offer remains open and is scheduled to expire at 11:59 p.m., New York City time, on January 6, 2017.  Full Article

Bohai Capital to acquire aircraft leasing assets C2 Aviation Capital
Wednesday, 21 Dec 2016 07:00am EST 

Bohai Capital Holding Co Ltd <000415.SZ> : Says it plans to buy commercial jets leasing assets C2 Aviation Capital for $10 billion .Says shares, bond trading to resume on Dec 22.  Full Article

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BRIEF-CIT announces cash tender offer for up to $2.75 mln of its common stock

* CIT announces cash tender offer for up to $2,750,000,000 of its common stock