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home / news releases / CIT - First Citizens BancShares: Speculative Optimism

CIT - First Citizens BancShares: Speculative Optimism

CIT Group Inc (DEL)
  • First Citizens is a well-run community/regional bank primarily serving the Carolinas.
  • The company is in the process of completing a merger with CIT Group with projections of exceptionally high cost savings outcomes.
  • The present valuation reflects expectations of fully realizing these cost savings with little margin for error.
  • Investors should be cautious approaching the shares at the present quotation.

For further details see:

First Citizens BancShares: Speculative Optimism
Stock Information
Company Name: CIT Group Inc (DEL)
Stock Symbol: CIT
Market: NYSE
Website: cit.com
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