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CIT

CIT Group

$51.08

0.97 (1.94%)

08:33
04/17/19
04/17
08:33
04/17/19
08:33

CIT Group increases common dividend 40% to 35c per share

CIT Group has declared a quarterly cash dividend of 35c per common share on its outstanding common stock, which represents an increase of 405 over the prior quarter's 25c per common share dividend. The common stock dividend is payable on May 24 to common shareholders of record as of May 10. The CIT board also declared the semi-annual dividend on the Series A preferred stock of $29.00 per share payable on June 17 to preferred stockholders of record as of May 31.

  • 23

    Apr

  • 14

    May

CIT CIT Group
$51.08

0.97 (1.94%)

01/04/19
OPCO
01/04/19
NO CHANGE
OPCO
Outperform
Oppenheimer sees 'poor' quarter for banks' capital markets businesses
Oppenheimer analyst Chris Kotowski previewed the Q4 outlook for financial institutions, telling investors in a research note that the significant market volatility in December suggests a poor quarter for the banks' capital markets businesses which are likely to persist into 1H19, adding that the weaker equity markets will likely limit ECM revenues. Kotowski says he believes the less banks pay for their shares in the current market turmoil, the more the stocks are worth in the long run. He continue to recommend Bank of America (BAC), Citi (C), CIT Group (CIT), Goldman Sachs (GS), Morgan Stanley (MS) and US Bancorp (USB).
01/09/19
UBSW
01/09/19
UPGRADE
Target $51
UBSW
Buy
CIT Group upgraded to Buy from Neutral at UBS
UBS analyst Eric Wasserstrom upgraded CIT Group to Buy with an unchanged price target of $51. The analyst believes CIT is nearing the end of several years of repositioning of its balance sheet, business mix, and cost base. This will result in improving return on average tangible common shareholders' equity from ~8% this year to ~10% in 2020, Wasserstrom tells investors in a research note. Further, he views the current valuation as compressed.
01/25/19
OPCO
01/25/19
NO CHANGE
OPCO
Outperform
Bank stocks still 'resoundingly cheap,' says Oppenheimer
Oppenheimer analyst Chris Kotowski told investors in a research note that one reason he is so "incessantly bullish" on bank stocks is that investors "still so incessantly hate them." The stocks still remain resoundingly cheap at a 63% relative P/E multiple even though bank balance sheets are arguably the best they have ever been, and the business models decidedly less capital-intensive, he contends. He continues to recommend Outperform-rated Bank of America (BAC), CIT (CIT), Citi (C), Goldman (GS), Jefferies (JEF), Morgan Stanley (MS) and U.S. Bancorp (USB).
01/30/19
OPCO
01/30/19
NO CHANGE
Target $61
OPCO
Outperform
CIT Group price target raised to $61 from $49 at Oppenheimer
Oppenheimer analyst Chris Kotowski raised his price target for CIT Group to $61 from $49 following better than expected quarterly results. The analyst reiterates an Outperform rating on the shares.

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MSFT

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NOW

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FB

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MSFT

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GBX

Greenbrier

$33.37

0.12 (0.36%)

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  • 13

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STI

SunTrust

$63.77

0.475 (0.75%)

06:11
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UAA

Under Armour

$21.94

0.14 (0.64%)

, UA

Under Armour

$19.66

0.19 (0.98%)

06:10
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Recommendations
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UAA

Under Armour

$21.94

0.14 (0.64%)

UA

Under Armour

$19.66

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NKE

Nike

$88.74

0.84 (0.96%)

ADDYY

Adidas

$0.00

(0.00%)

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  • 09

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PEP

PepsiCo

$127.05

4.55 (3.71%)

06:09
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Upgrade
PepsiCo rating change  »

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  • 01

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  • 18

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NMIH

NMI Holdings

$27.08

-0.25 (-0.91%)

06:09
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Initiation
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  • 01

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TRX

Tanzanian Royalty

$0.81

0.039 (5.06%)

06:08
04/18/19
04/18
06:08
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06:08
Syndicate
Tanzanian Royalty announces sale of $350,000 of common shares »

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TROW

T. Rowe Price

$106.15

-0.54 (-0.51%)

, TSLA

Tesla

$271.12

-1.38 (-0.51%)

06:08
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06:08
Periodicals
T. Rowe Price funds cut Tesla holdings in Q1, Reuters reports »

T. Rowe Price (TROW)…

TROW

T. Rowe Price

$106.15

-0.54 (-0.51%)

TSLA

Tesla

$271.12

-1.38 (-0.51%)

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  • 22

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ENV

Envestnet

$69.17

-0.39 (-0.56%)

06:07
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GTLS

Chart Industries

$88.07

1.13 (1.30%)

06:07
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Earnings
Chart Industries raises FY19 adjusted EPS view to $2.70-$3.05 from $2.50-$2.85 »

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  • 18

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BA

Boeing

$377.54

-3.96 (-1.04%)

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DHR

Danaher

$124.88

-3.3 (-2.57%)

06:05
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Earnings
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  • 18

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ULTA

Ulta Beauty

$354.24

-1.07 (-0.30%)

06:05
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GTLS

Chart Industries

$88.07

1.13 (1.30%)

06:05
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Earnings
Chart Industries reports Q1 adjusted EPS 39c, consensus 44c »

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  • 18

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CF

CF Industries

$44.63

0.77 (1.76%)

06:04
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06:04
Downgrade
CF Industries rating change  »

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DHR

Danaher

$124.88

-3.3 (-2.57%)

06:03
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  • 18

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RF

Regions Financial

$15.78

0.22 (1.41%)

06:03
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Breaking Hot Stocks news story on Regions Financial »

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RF

Regions Financial

$15.78

0.22 (1.41%)

06:02
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DHR

Danaher

$124.88

-3.3 (-2.57%)

06:02
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Earnings
Danaher reports Q1 adj. EPS $1.07, consensus $1.01 »

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  • 18

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SF

Stifel Financial

$59.12

-0.14 (-0.24%)

06:02
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Stifel Financial to acquire Mooreland Partners, terms not disclosed »

Stifel Financial…

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RF

Regions Financial

$15.78

0.22 (1.41%)

06:00
04/18/19
04/18
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06:00
Earnings
Regions Financial reports Q1 EPS 37c, consensus 37c »

Reports Q1 revenue…

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  • 18

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BBT

BB&T

$49.82

0.32 (0.65%)

05:49
04/18/19
04/18
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Earnings
BB&T reports Q1 EPS ex-items $1.05, consensus $1.03 »

Reports Q1…

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