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CIT Group Earnings Preview For Tuesday

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CIT Group Inc. (CIT)

Background: CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses. CIT Group Inc. was founded in 1908 and is based in New York, New York. It was formerly a subsidiary of Tyco Capital Ltd.

Strong second-quarter earnings growth is expected by Wall Street before the market opens on July 23, 2013. The consensus mean is 90 cents a share, a gain of $1.25 (138.9%) from -35 cents during the corresponding quarter last year. The lowest analyst estimate this report is 80 cents per share, and the highest is 97 cents per share.
 

The last reported short interest is paltry and without reason to consider it a meaningful influence at only 1.4% of the average trading float.

 

 

(CIT)

(C)

Avg Analyst Price Target

$49.97

$57.91

Revenue

$326.95 million

$79.60 billion

Est Low EPS

0.80

1.08

Est High EPS

0.97

1.28

1 Year Stock Price Change

39.88%

106.59%

 

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