BRIEF-CIT Group Reports Q4 Loss Per Share Of $0.74 [Reuters]
CIT Group Inc (DEL) (CIT)
Last cit group inc (del) earnings: 4/21 06:00 am
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Source: Reuters
BRIEF-CIT Group Reports Q4 Loss Per Share Of $0.74 | Reuters Reuters Staff 1 Min Read Jan 30 (Reuters) - Cit Group Inc: * Q4 EARNINGS PER SHARE $0.99 FROM CONTINUING OPERATIONS EXCLUDING ITEMS * CIT GROUP- ?PRELIMINARY COMMON EQUITY TIER 1 CAPITAL RATIO INCREASED TO 14.4%, AND PRELIMINARY TOTAL CAPITAL RATIO INCREASED TO 16.1%, AT DEC 31, 2017 * ALLOWANCE FOR LOAN LOSSES WAS $431 MILLION AT DEC. 31, 2017, COMPARED TO $420 MILLION AT SEPT. 30, 2017 * QTRLY NET FINANCE REVENUE $?399? MILLION VERSUS $421 MILLION * CIT GROUP - RECOGNIZED $256 MILLION (PRE-TAX) IN GOODWILL IMPAIRMENT CHARGES IN QUARTER, MOSTLY RELATED TO EQUIPMENT FINANCE IN COMMERCIAL BANKING SEGMENT * ? EXCLUDING NOTEWORTHY ITEMS, NET FINANCE REVENUE WAS $391 MILLION IN QUARTER * SALE OF? FINANCIAL FREEDOM IS EXPECTED TO CLOSE IN Q2 OF 2018? Source text for Eikon: Further company coverage: All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2018 Reuters. All Rights R
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