Information Provided By:
Fly News Breaks for April 25, 2018
CIT
Apr 25, 2018 | 09:14 EDT
BMO Capital analyst James Fotheringham lowered his price target on CIT Group to $46 and kept his Market Perform rating after the company's Q1 credit-driven earnings miss. The analyst notes the company's valuation of 12.3-times the two-year forward EPS makes it the most expensive stock among its peers of large-cap banks and specialty finance firms - a premium that he believes cannot be justified considering the headwinds to CIT's loan growth, margins, and credit quality.
News For CIT From the Last 2 Days
There are no results for your query CIT
I agree to the thefly.com's disclaimer & terms of use
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.