DALLAS, Oct. 1, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring financial company CIT Group Inc. (NYSE:CIT). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on CIT Group Inc. (NYSE:CIT) should be of particular interest to other financial companies: Aircastle Limited (NYSE:AYR), Financial Federal Corp. (NYSE:FIF), MicroFinancial Inc. (Nasdaq:MFI), and AerCap Holdings N.V. (NYSE:AER)
The full report is available at: http://www.stockpreacher.com/n/CIT
CIT Group Inc. (CIT) is a bank holding company, which provides commercial financing and leasing products, and management advisory services to clients in a variety of industries. CIT bank is its primary bank subsidiary. The Company's products include asset-based loans, secured lines of credit, leases (operating, finance and leveraged), vendor finance programs, import and export financing, debtor-in-possession/turnaround financing, acquisition and expansion financing, letters of credit/trade acceptances structuring and small business loans.
Message Board Search for CIT: http://www.boardcentral.com/boards/CIT
In the report, the analyst notes:
"Net revenues at CIT declined at a compound annual growth rate (CAGR) of about 6% over the five years through 2008, due to rising interest costs and credit provisions in 2008, and managed assets increased at a CAGR of 6%. Analysts expect modest growth in managed assets in 2009, assuming some thawing in the credit markets, with net revenues declining slightly in 2009 following a sharp decline in 2008 as net finance margins are further compressed by higher funding costs and increased depreciation and loan loss provisions hurt the top line.
"The Company, which received $2.3 billion in federal bailout aid last fall, received a $3 billion emergency loan in July from some of its largest bondholders and completed a debt repurchase program in August to help ease its cash crunch. Those measures appear to still be short of saving CIT, which has said in the past it would need to continue to reduce its debt burden to survive. Any deal with bondholders would likely wipe out most of the government's $2.3 billion bailout loan, according to the Journal."
To read the entire report visit: http://www.stockpreacher.com/n/CIT
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