*Third-qtr earnings 99 cents/ shr vs loss of $1.49 year earlier. Oct 22- CIT Group Inc reported its third straight quarterly profit that also beat analysts' estimates as the century-old small-business lender benefited from lower interest payments on its long-term debt.
Oct 22- Small-business lender CIT Group Inc reported its third straight quarterly profit due to lower interest payments on its long-term debt. Net income was $199.6 million, or 99 cents per share, for the third quarter ended Sept. 30 compared with a loss of $299.2 million, or $1.49 per share, a year earlier.
Sept 13- Five years ago, a series of black cars and SUVs lined up outside the Federal Reserve Bank of New York in lower Manhattan, ferrying some of the most important people in the U.S. financial system to a series of meetings to discuss the fate of Lehman Brothers.
Aug 1- J.C. Penney Co Inc said on Thursday that commercial lender CIT Group Inc continued to support deliveries from suppliers, and claimed reports to the contrary were untrue. J.C. Penney shares rose 6.2 percent to $15.50 in premarket trading.
NEW YORK, July 31- Commercial lender CIT Group abruptly stopped funding some future shipments to J.C. Penney Co, a source familiar with the situation said Wednesday, in a move that could disrupt the retailer's holiday shipments and hamper sales.
John Thain, chairman & CEO of the CIT Group, reacts to the Cyprus bailout, whether CIT is up for sale and on his company's successful food drive.