DALLAS, July 17, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring commercial lender CIT Group Inc. (CIT). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on CIT Group Inc. (NYSE:CIT) should be of particular interest to credit services companies: Orix Corp. (NYSE:IX), Citigroup Inc. (NYSE:C), Mizuho Financial Group Inc. (NYSE:MFG) and SunTrust Banks Inc. (NYSE:STI).
It is available at: http://beaconequity.com/i/CIT/
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CIT Group Inc. (CIT) operates as the holding company for CIT bank, which provides commercial financing and leasing products, and management advisory services to small and middle market companies worldwide. It serves clients in a variety of industries, including transportation, aerospace and rail, manufacturing, wholesaling, retailing, healthcare, communications, media and entertainment and various service-related industries.
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In the report, the analyst notes:
"The Company recently announced it has been advised that there is no appreciable likelihood of additional government support being provided over the near term. Previously, it confirmed that it remains in active discussions with its principal regulators on a series of measures to improve the Company's near-term liquidity position...
"Shares of CIT plummeted yesterday as consumers, analysts and investors awaited word on what the struggling commercial lender will do next to avert bankruptcy. The Company Thursday afternoon emerged from discussions with government agencies with word that the Obama administration declined to bailout the small-business financer on the grounds that it doesn't meet the standards for government aid. This would be the second bailout for the lender, which received a $2.33 billion bailout in December."
To read the entire report visit: http://beaconequity.com/i/CIT/
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