The investment report on CIT Group Inc. (NYSE:CIT) should be of particular interest to other financial services firms: First Cash Financial Services (Nasdaq:FCFS), Cash America International Inc. (NYSE:CSH), Dollar Financial Corp. (Nasdaq:DLLR) and CapitalSource Inc. (NYSE:CSE).

It is available at: http://www.stockpreacher.com/n/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 the small and middle market companies worldwide. Its products principally include asset based loans; secured lines of credit; operating, capital and leveraged leases; vendor finance programs; import and export financing; debtor-in-possession/turnaround financing; acquisition and expansion financing; letters of credit/trade acceptances structuring; and small business loans.

In the report, the analyst notes:

"The management is working to transition CIT from a wholesale capital markets funded finance company to a deposit-funded bank franchise with the goal that the bank will be the primary vehicle through which it does business in a number of different franchises. As the Company works its way through this transition, its objectives are to manage liquidity while the credit markets remain disrupted, limit credit risk during this economic downturn, return to profitability, and preserve the value of our core commercial franchises.

"In April 2009, the Federal Reserve approved the initial phase of the Company's 23A waiver. In this initial phase, CIT transferred $5.7 billion of its government-guaranteed student loans and accrued interest. In consideration for this asset transfer, the bank assumed $3.5 billion of related debt, mostly conduit financing and paid approximately $1.6 billion of cash to the holding company."

To read the entire report visit: http://www.stockpreacher.com/n/CIT/

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