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First Citizens BancShares (NASDAQ: FCNCA) and CIT Group (NYSE: CIT) recently merged in an all-stock deal valued at $2.2 billion that will create the 19th largest bank in the U.S. First Citizens will be the surviving entity and the combined bank will have more than $100 billi...
Image source: The Motley Fool. CIT Group Inc (NYSE: CIT) Q3 2020 Earnings Call Oct 20, 2020 , 8:00 a.m. ET Operator Continue reading For further details see: CIT Group Inc (CIT) Q3 2020 Earnings Call Transcript
On Monday, CIT Group (NYSE: CIT) did extremely well for a company that will, technically, soon cease to exist. It is merging with First Citizens BancShares (OTC: FCNCB) , and the combined company will retain the First Citizens branding and that company's ticker symbol. ...
Merger activity moderated again last week with three new deals announced. The acquisition of Acorn International by First Ostia Port. The merger of DouYu International Holdings Limited and HUYA Inc. For further details see: Merger Arbitrage Mondays - 2 Potential Deals Co...
Gainers: Kaixin Auto Holdings (KXIN) +73%. Lion Group Holding (LGHL) +26%. CIT Group (CIT) +28%. First Citizens BancShares (FCNCA) +12%. Cohen & Company (COHN) +7%.Losers: Dragon Victory International (LYL) -20%. China HGS Real Estate (HGSH) -18%. Medalist Diversified REIT (MDRR) -14%. MD...
Gainers: Hertz Global (HTZ) +102%.Kaixin Auto (KXIN) +79%.SG Blocks (SGBX) +36%.Summer Infant (SUMR) +32%.CIT Group (CIT) +28%.Forward Industries (FORD) +28%.Oblong (OBLG) +28%.Nano Dimension (NNDM) +23%.Jumia Technologies (JMIA) +21%.Navistar International (NAV) +21%.Losers: Dragon...
The stock market was having a strong day on Friday, but regional bank CIT Group (NYSE: CIT) was a big standout. As of 10:45 a.m. EDT, shares of the bank stock were higher by more than 22% for the day. The reason for the spike is that New York-based CIT Group has agreed to me...
CIT (CIT): Q3 Non-GAAP EPS of $0.84 beats by $0.73; GAAP EPS of $0.84 beats by $0.71.Revenue of $474M (+4.4% Y/Y) beats by $25.92M.Shares +8.5% PM.Previously: First Citizens Bancshares to merge with CIT in all-stock merger (Oct. 16)Press Release For further details see: CIT EPS beats by...
CIT Announces Third Quarter 2020 Financial Results PR Newswire NEW YORK, Oct. 16, 2020 NEW YORK , Oct. 16, 2020 /PRNewswire/ -- CIT Group Inc . (NYSE: CIT) today announced its third quarter 2020 financial results. View the full press release. The ...
First Citizens BancShares (FCNCA), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc. (CIT), the parent company of CIT Bank to combine in an all-stock merger of equals to create the 19th largest bank in the United States based on assets.This will create greater ...
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