CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance unit served as the sole lead arranger on a $21 million acquisition financing for a portfolio of medical facilities in Texas.

CIT Group Inc. (NYSE: CIT) and Lenovo announced a three-year program extension to their Lenovo Financial Services program, continuing the decade-long relationship. Under the extension, CIT will continue to provide a broad range of vendor financing solutions for U.S. clients and customers who utilize Lenovo's extensive range of technology products and services.

CIT and its Pasadena-based banking subsidiary CIT Bank, N.A. today announced a $37.3 million investment in the Jordan Downs Apartments Project, a 92-unit multifamily apartment complex to support low-to-moderate income families in the Watts neighborhood of Los Angeles.

CIT (CIT) delivered earnings and revenue surprises of -392.77% and 10.56%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

CIT Group Inc. (NYSE: CIT) today announced that it has won three Stevie® American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social Responsibility Program of the Year.

CIT Group (CIT) witnesses significantly higher provisions in the first quarter of 2020.

CIT Group Inc. (NYSE: CIT) today announced that its 2020 Annual Meeting of Stockholders will be held in a virtual-only format due to the public health concerns and current official guidance related to the COVID-19 pandemic. An in-person meeting will not be held this year. The meeting remains on Tuesday, May 12, 2020 at 11 a.m. ET.

CIT Group Inc. (NYSE: CIT) today announced its first quarter 2020 financial results. View the full press release.

CIT (CIT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Firm's largest sales of the 1st quarter Continue reading...

CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy unit served as lead arranger on a $217 million financing for the 200-megawatt Hillcrest solar photovoltaic project in Brown County, Ohio.

CIT Group Inc. (NYSE: CIT) today announced its Treasury and Payments Services business is collaborating with B2B fintech innovator Fintainium to provide an integrated payments and financial workflow management solution to meet the needs of small and midsize businesses.

Joseph Otting, the head of a top U.S. banking regulator and former CEO of California's OneWest Bank, is stepping down from his government post after two and a half years, he announced on Thursday. Brian Brooks, Otting's top deputy at the Office of the Comptroller of the Currency, which oversees lenders including Wells Fargo and Citibank, will lead the agency as acting head. Brooks, who joined the agency in April as chief operating officer, previously worked with Otting at OneWest and has also held senior posts at housing finance giant Fannie Mae and cryptocurrency exchange Coinbase.

CIT and its Pasadena-based banking subsidiary today announced a $3 million investment in support of the Local Initiatives Support Corporation of San Diego (LISC)'s Neighborhood Catalyst Fund. CIT's investment is expected to help create 1,350 affordable housing units for low-to-moderate income residents of San Diego County.

CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications unit served as joint lead arranger and administrative agent for a $325 million round of financing for Mobilitie Investments III LLC, a telecommunications infrastructure provider.

U.S. companies' borrowings for capital investments fell about 7% in April from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Tuesday. Washington-based ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 71.7% in April, down from 74.2% in March. ELFA's leasing and finance index measures the volume of commercial equipment financed in the United States.

FINTAINIUM™, Inc. announces a vital technology collaboration with CIT Group Inc, NA (NYSE: CIT) Treasury & Payments Services business, to offer FINTAINIUM'S patent-pending, cloud-based, financial workflow management platform (AR/AP/Dynamic Negotiation) to small and medium companies. Leveraging CIT's advanced payments capabilities and FINTAINIUM'S cloud-based platform, the collaborative solution improves financial workflow, increases management visibility and reporting, and provides outstanding payment execution, enhancing cashflow support for small and midsize businesses.

Q1 2020 CIT Group Inc Earnings Call

CIT Bank, N.A. (CIT Bank), the banking subsidiary of CIT Group Inc. (NYSE: CIT) (CIT), today announced that it has commenced a cash tender offer to purchase any and all of its 2.969 % Senior Unsecured Fixed-to-Floating Rate Notes due 2025. As of May 26, 2020, CIT Bank had $550 million aggregate principal amount of the notes outstanding. The tender offer is being made pursuant to an offer to purchase, dated as of May 26, 2020, and a notice of guaranteed delivery. The tender offer will expire at 5:00 p.m., New York City time, on June 1, 2020, unless extended or earlier terminated as described in the offer to purchase (such time and date, as they may be extended, the Expiration Time).

CIT Group Inc. (NYSE: CIT) today announced that its Community Association Banking (CAB) business has added two new regional account executives to serve property management companies and homeowner association banking needs in the Florida market.