New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 22, 2014
07:52 EDTCITCIT: OneWest acquisition to have 12-13% pre-tax return on tangible common equity
The acquisition will have a 8% tangible book value per share dilution with approximately four-year earnback. CIT says it will maintain OneWest's existing branches and infrastructure. The restructuring charge will be $75M pre-tax. CIT's board has authorized an additional $500M share repurchase to be executed prior to closing. The synergies from the acquisition will be 100% phased in 2016 with 76c accretion. Sees FY16 standalone EPS of $3.73 and FY16 pro forma EPS of $4.49. Comments taken from slides for call to discuss OneWest acquisition.
News For CIT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 28, 2014
06:37 EDTCITCIT Group reports total assets from cont ops at September 30 were $46.5B
Subscribe for More Information
06:36 EDTCITCIT Group reports Q3 EPS $2.76, may not be comparable to consensus 90c
Subscribe for More Information
October 27, 2014
13:50 EDTCITCIT Group volatility elevated into Q3 and outlook
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use