DALLAS, June 7, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring CIT Group Inc. (NYSE:CIT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/CIT
CIT Group Inc. (CIT) is a bank holding company providing commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT operates primarily in North America, with locations in Europe, Latin America, Australia and the Asia-Pacific region. CIT bank is its primary bank subsidiary. The Company provides financing and leasing capital to its clients and their customers in more than 30 industries and 50 countries. It serves clients in a variety of industries, including transportation, aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment, and various service-related industries. The Company operates through five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance and Consumer Finance. In November 2009, the Company filed for bankruptcy. In December 2009, CIT emerged from bankruptcy.
Message Board Search for CIT: http://www.boardcentral.com/boards/CIT
In the report, the analyst notes:
"CIT recently reported net income for the quarter ended March 31, 2010, of $97 million, $0.49 per share. Total assets declined nearly $2 billion from year-end to $58.1 billion driven by a reduction in finance and leasing assets as cash collections and asset sales were partially offset by a modest level of loan and lease originations.
"CIT recently announced the appointment of Nelson J. Chai as executive vice president, chief administrative officer and head of strategy. He will report directly to chairman and CEO John A. Thain."
To read the entire report visit: www.microstockprofit.com/lp/CIT
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