CIT Group

CIT Group - aircraft leasing business ia a provider of an aircraft leasing and lease management services.

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CIT Group is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing, and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment, and rail leasing. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. CIT is headquartered in New York City.

Provision benefit and decline in expenses support CIT Group's (CIT) Q1 earnings, while lower revenues hurt.

CIT Group (CIT) Q1 Earnings Beat on Reserve Releases, Stock Down

NEW YORK, April 28, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $84 million financing for a new 140-megawatt solar farm in Fort Bend County, Texas. Cutlass Solar is a utility-scale project to be built about 40 miles southwest of Houston.

CIT Serves as Coordinating Lead Arranger on $84 Million Financing for Texas Solar Project

NEW YORK, April 28, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its first quarter 2021 financial results. View the full press release.

CIT Announces First Quarter Financial Results

NEW YORK, April 22, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition of the Sugar Creek Health Center in Sugar Land, Texas. The Sugar Creek Health Center, a 84,646-square-foot medical office building located approximately 20 miles southwest of Houston, is leased to a diverse mix of tenants that provide various medical services including ambulatory surgery, imaging, orthopedics, women's health, dentistry and optometry, among others.

CIT Serves as Sole Lead Arranger on $19.3 Million Financing for Texas Health Center

NEW YORK, April 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its first quarter 2021 financial results on Wednesday, April 28, 2021. The press release will be issued at 8:00 a.m.

CIT to Announce First Quarter 2021 Financial Results

NEW YORK, April 14, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $15.9 million financing for two medical office buildings in Littleton, Colorado. The buildings, known as Arapahoe Medical Plaza I and II, are located on the campus of Littleton Adventist Hospital and comprise more than 98,700 square feet of space.

CIT Serves as Sole Lead Arranger on $15.9 Million Financing for Medical Office Buildings

NEW YORK, April 8, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business served as sole lead arranger on a $27 million loan to finance acquisition of a warehouse and distribution center in Green Cove Springs, Florida. The facility, located about 40 miles south of downtown Jacksonville, Florida, and close to the First Coast Expressway, consists of about 782,000 square feet of warehouse and distribution space, including about 209,000 square feet of refrigerated space.

CIT Serves as Sole Lead Arranger on $27 Million Financing for Florida Warehouse and Distribution Center

NEW YORK, April 6, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition of the Singing River Cancer Center in Florence, Alabama. The borrower, Cypress West Partners is an experienced and successful owner and manager of healthcare properties that has a long history of acquisition financing with CIT.

CIT Serves as Sole Lead Arranger on $18.5 Million Financing for Alabama Cancer Center

NEW YORK, March 31, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided financing for construction of a new 730,000-square-foot logistics center and campus in North Las Vegas, Nevada. Construction on the SunPoint West facility is expected to begin in April and conclude in approximately 12 months.

CIT Provides Financing for North Las Vegas Logistics Campus

NEW YORK, March 30, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $23 million credit facility for Nova Compression, LLC (a successor company to MGC Equipment Company, LLC). Founded in December 2010 and headquartered in Kilgore, Texas, Nova Compression supports clients in Louisiana and Texas with equipment rentals, installation, maintenance and repair of gas compressors.

CIT Northbridge Serves as Sole Lead Arranger on $23 Million Credit Facility for Nova Compression

Does CIT Group (CIT) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes CIT Group (CIT) a Strong Momentum Stock: Buy Now?

NEW YORK, March 22, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan to finance the Jefferson Health medical office building adjoining the Philadelphia Navy Yard Corporate Center. The borrower, Norvin Healthcare Properties, is an experienced and successful manager of healthcare properties across a variety of markets.

CIT Serves as Sole Lead Arranger on $39 Million Financing for Philadelphia Medical Office Building

PORTSMOUTH, N.H., March 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Small Business Solutions group has been selected as winner of the "Business Lending Innovation Award" for its point-of-sale lending platform in the fifth annual FinTech Breakthrough Awards program.

CIT Wins 2021 FinTech Breakthrough Award for Business Lending Point-of-Sale Platform

NEW YORK, March 4, 2021 /PRNewswire/ -- Some Americans are spending more time managing their savings since the start of the COVID-19 pandemic and average seven hours per month managing their finances (e.g., paying bills, budgeting everyday expenses, and the like), according to a new...

Americans Spending More Time Managing Savings, According to CIT Bank Survey

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NEW YORK, Feb. 18, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.4 million in financing for the construction of the new apartment complex in Nashville, Tennessee, to be known as NOVEL Harpeth Heights by Crescent...

CIT Provides $42.4 Million Financing for Nashville Apartment Complex

NEW YORK, Feb. 11, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as a co-lead arranger on a $93.3 million financing for a portfolio of six battery energy storage systems located in Texas. The battery energy storage systems (BESS)...

CIT Serves as Co-Lead Arranger on $93.3 Million Battery Storage Portfolio

First Citizens BancShares

RALEIGH, N.C. and NEW YORK, Feb. 9, 2021 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (NYSE: CIT) ("CIT"), the parent company of CIT Bank, N.A., jointly announced that, at...

First Citizens, CIT Receive Stockholder Approval For Merger

CIT Group (CIT) witnesses improvement in revenues along with a rise in expenses in the fourth quarter of 2020.

CIT Group (CIT) Q4 Earnings Beat on Higher Revenues, Stock Down

CIT Group (NYSE:CIT) will be releasing its next round of earnings this Tuesday, January 26. For all of the relevant information, here is your guide for Tuesday's Q4 earnings announcement.

A Preview Of CIT Group's Earnings

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Finance Stocks' Q4 Earnings Due on Jan 26: AXP, NAVI & More

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NEW YORK, Jan. 10, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE:CIT) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of CIT to First Citizens for 0.0620 FCNCA shares per share. If you are an investor, and would like...

Lifshitz Law Firm, P.C. Announces Investigation of CIT, CPAH, INFO, MTSC, NAV, STND, UROV, and WTRE

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