Market Watch for CIT Group Inc. Issued by Beacon Equity


DALLAS, March 31, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring CIT Group Inc. (NYSE:CIT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.

The full report is available at: http://www.beaconequity.com/i/CIT

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CIT Group Inc. (CIT) operates as the holding company for CIT bank, providing financing and leasing capital worldwide. The Company derives revenue from asset based loans; secured lines of credit; operating, finance and leveraged leases; factoring services; vendor finance; import and export financing; small business loans; debtor-in-possession/turnaround financing; acquisition and expansion financing; and letters of credit/trade acceptances structuring.

In the report, the analyst notes:

"The Company's stock has rallied strongly following its emergence from bankruptcy, opened at $27 on the first day of trading on December 10, 2009, and moved higher to close at $38.98 on March 29, 2010.

"On March 16, the Company posted earnings of $3.2 billion, including the benefit of special accounting rules established through the Fresh Start Accounting (FSA) under FASB ASC 852. Excluding provisions of reorganization and other special items, the Company lost $1.0 billion, which resulted from weak revenue and high borrowing costs, according to management.

"The environment for bank stocks is unusual, not just in the scope of the damage to the industry but the government response to the developing crisis and the speculation the response has engendered. Stocks trading at levels not remotely tied to the underlying fundamentals are historically commonplace, and have been the theme of many recent bubbles starting with the popping of the tech bubble in 1999, the housing and credit bubble in 2007 …"

To read the entire report visit: http://www.beaconequity.com/i/CIT

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BeaconEquity.com is one of the industry's largest small-cap report providers striving to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com

Beacon Equity Disclosure

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.



            

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