CIT - CIT Group Inc (DEL): The Winning Streak Continues (CIT)

Shares of CIT Group Inc (DEL) (NYSE:CIT) traded today at $55.89, eclipsing its 52-week high. So far today approximately 117,000 shares have been exchanged, as compared to an average 30-day volume of 943,000 shares.

CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.

CIT Group Inc (DEL) (NYSE:CIT) is currently priced 0.4% above its average consensus analyst price target of $54.61.

Over the past year, CIT Group Inc (DEL) has traded in a range of $12.31 to $55.89 and is now at $54.81, 345% above that low.

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