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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%)

01/30/19
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.
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).
01/09/19
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.
01/04/19
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).

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MAXR

Maxar Technologies

$7.93

0.78 (10.91%)

14:59
05/23/19
05/23
14:59
05/23/19
14:59
Hot Stocks
Breaking Hot Stocks news story on Maxar Technologies »

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CMG

Chipotle

$666.60

-39.45 (-5.59%)

14:55
05/23/19
05/23
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14:55
Hot Stocks
Chipotle disagrees with downgrade, sees no major impact from African swine fever »

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MAXR

Maxar Technologies

$7.93

0.78 (10.91%)

14:55
05/23/19
05/23
14:55
05/23/19
14:55
Hot Stocks
Maxar selected to build, fly first element of NASA's Lunar Gateway »

Maxar Technologies…

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HLF

Herbalife Nutrition

$43.33

-1.03 (-2.32%)

14:55
05/23/19
05/23
14:55
05/23/19
14:55
Options
Herbalife put volume heavy and directionally bearish »

Bearish flow noted in…

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VRNT

Verint

$54.60

-6.61 (-10.80%)

14:54
05/23/19
05/23
14:54
05/23/19
14:54
Recommendations
Verint analyst commentary  »

Oppenheimer says buy…

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  • 29

    May

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ADSK

Autodesk

$168.15

-5.96 (-3.42%)

14:49
05/23/19
05/23
14:49
05/23/19
14:49
Options
Autodesk options imply 8.6% move in share price post-earnings, below median historical move »

Pre-earnings options…

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GWR

Genesee & Wyoming

$85.51

-0.55 (-0.64%)

, BX

Blackstone

$40.81

-0.89 (-2.13%)

14:48
05/23/19
05/23
14:48
05/23/19
14:48
Periodicals
Genesee & Wyoming pursued by Blackstone, Brookfield, others, Bloomberg says »

Blackstone (BX),…

GWR

Genesee & Wyoming

$85.51

-0.55 (-0.64%)

BX

Blackstone

$40.81

-0.89 (-2.13%)

BAM

Brookfield

$46.47

-0.33 (-0.71%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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NXPI

NXP Semiconductors

$90.85

-2.79 (-2.98%)

14:45
05/23/19
05/23
14:45
05/23/19
14:45
Options
NXP Semiconductors call volume above normal and directionally bullish »

Bullish option flow…

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  • 29

    May

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FE

FirstEnergy

$42.94

0.31 (0.73%)

14:36
05/23/19
05/23
14:36
05/23/19
14:36
Periodicals
Breaking Periodicals news story on FirstEnergy »

Ohio advances bill that…

03/08/13
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03/06/13
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HII

Huntington Ingalls

$202.83

-6.34 (-3.03%)

14:35
05/23/19
05/23
14:35
05/23/19
14:35
Hot Stocks
Huntington Ingalls VP William Ermatinger sells almost $400K in company shares »

Huntington Ingalls VP…

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  • 29

    May

QRVO

Qorvo

$59.38

-0.83 (-1.38%)

14:35
05/23/19
05/23
14:35
05/23/19
14:35
Options
Qorvo put volume heavy and directionally bearish »

Bearish flow noted in…

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03/06/13
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03/06/13
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UIS

Unisys

$9.44

-0.3 (-3.08%)

14:31
05/23/19
05/23
14:31
05/23/19
14:31
Initiation
Unisys initiated  »

Unisys initiated with a…

03/08/13
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  • 25

    Sep

MAXR

Maxar Technologies

$8.20

1.05 (14.69%)

14:28
05/23/19
05/23
14:28
05/23/19
14:28
Hot Stocks
NASA confirms contract with maximum $375M value awarded to Maxar Technologies »

NASA announced the…

03/08/13
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BX

Blackstone

$40.84

-0.86 (-2.06%)

, PLD

Prologis

$76.02

-0.55 (-0.72%)

14:27
05/23/19
05/23
14:27
05/23/19
14:27
Periodicals
Blackstone, Prologis separately bidding for U.S. unit of GLP, WSJ says »

Blackstone (BX) and…

BX

Blackstone

$40.84

-0.86 (-2.06%)

PLD

Prologis

$76.02

-0.55 (-0.72%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 03

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GLNG

Golar LNG

$19.17

-0.82 (-4.10%)

14:25
05/23/19
05/23
14:25
05/23/19
14:25
Options
Golar LNG call volume above normal and directionally bullish »

Bullish option flow…

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JPM

JPMorgan

$107.68

-3.11 (-2.81%)

14:24
05/23/19
05/23
14:24
05/23/19
14:24
Periodicals
JPMorgan severs ties with OxyContin maker Purdue Pharma, Reuters says »

JPMorgan has severed ties…

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  • 29

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MAXR

Maxar Technologies

$8.04

0.89 (12.45%)

14:18
05/23/19
05/23
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14:18
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Breaking Hot Stocks news story on Maxar Technologies »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
05/23/19
05/23
14:17
05/23/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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FL

Foot Locker

$53.15

-1.05 (-1.94%)

14:16
05/23/19
05/23
14:16
05/23/19
14:16
Recommendations
Foot Locker analyst commentary at Canaccord »

Canaccord says buyers…

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  • 24

    May

  • 09

    Jul

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
05/23/19
05/23
14:16
05/23/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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14:15
05/23/19
05/23
14:15
05/23/19
14:15
Conference/Events
Wolfe Research pharmaceuticals analyst to hold analyst/industry conference call »

Pharmaceuticals Analyst…

VXX

iPath S&P 500 VIX Short-Term Futures

$29.12

1.91 (7.02%)

14:10
05/23/19
05/23
14:10
05/23/19
14:10
Options
Bullish spread opened in VIX Short-term Futures Fund »

Bullish spread opened in…

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14:06
05/23/19
05/23
14:06
05/23/19
14:06
Conference/Events
Wolfe Research managing director to hold an analyst/industry webinar »

Quantitative Analysis,…

MAXR

Maxar Technologies

$7.59

0.44 (6.15%)

14:06
05/23/19
05/23
14:06
05/23/19
14:06
Hot Stocks
Maxar Technologies up 17% after selection for NASA project »

Maxar Technologies shares…

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GLUU

Glu Mobile

$8.32

-0.185 (-2.18%)

14:05
05/23/19
05/23
14:05
05/23/19
14:05
Options
Glu Mobile call volume above normal and directionally bullish »

Bullish option flow…

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