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CIT: 2Q Earnings Snapshot

July 23, 2019

NEW YORK (AP) _ CIT Group Inc. (CIT) on Tuesday reported second-quarter earnings of $137.6 million.

The New York-based company said it had profit of $1.33 per share. Earnings, adjusted to account for discontinued operations, were $1.32 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The commericial lender posted revenue of $834.6 million in the period. Its adjusted revenue was $467 million.

CIT shares have risen 31% since the beginning of the year. The stock has declined 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIT at https://www.zacks.com/ap/CIT

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