About 50% of the U.S. jet fleet is leased from such companies as General Electric Capital Aviation Services (nyse: GE - news - people ), International Lease Finance Corp. (a unit of AIG) and CIT Group (nyse: CIT - news - people ).
The meat and potatoes of this bond recommendation are that the new slimmed down, post-bankruptcy CIT is lending to small- and medium-sized businesses.
And, as I weave through the burning cars to show my wrist-tattooed barcode to the CCTV camera for passage out of the Brit-Cit badlands to my latest court hearing, it feels like an alternative perspective may not be a bad thing at all.
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Officials are now working on a rescue package for CIT, a liquidity-crunched lender to small and middling companies.
Ally Bank was recently offering online saving accounts with a 0.84% interest rate and Utah-based CIT Bank was offering 0.85% compared with a 0.1% national average.
If the Goldman terms look generous, the ones granted to consumer-finance company CIT Group look like a giveaway.
In Belgium, the security firm Group 4 Falck has boosted both its cash-in-transit (CIT) workforce and its secure vehicle fleet by about 20% in the last few weeks to make sure it can cope, marketing manager Stephane Bocque told BBC News Online.
It hardly helps that one of America's biggest small-business lenders, CIT, has run aground.
In the year-ago quarter, CIT reported earnings of 17 cents per share, meaning current estimates reflect a 294.1% increase.
They're attractively priced. (Except for Pfizer, which sells near 40 times next year's numbers and is too rich.) Other enticing prospects lie with commercial finance companies that aren't overly sensitive to interest--such as Heller and CIT, both of them very cheap.
They're still attractively priced. (Except for Pfizer, which sells near 40 times next year's numbers and is too rich.) Other enticing prospects lie with commercial finance companies that aren't oversensitive to interest rate changes--such as Heller and CIT, both of them very cheap.
Anthony Ittleson, the grandson of the founder of CIT Financial, moved to South Carolina in December 1996 but left a Modigliani behind in his New York City co-op, until he sold both the co-op and the painting the following spring.
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