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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
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December 17, 2014
08:32 EDTCITCIT Group provides financing to Hillwood Investment Properties
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December 15, 2014
16:15 EDTCITCIT Group initiated with a Buy at Guggenheim
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December 10, 2014
11:36 EDTCITCIT Group management to meet with Sterne Agee
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December 9, 2014
07:45 EDTCITGoldman to hold a conference
U.S. Financial Services Conference is being held in New York on December 9-10.

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