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Share Name | Share Symbol | Market | Type |
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CIT Group Inc | NYSE:CIT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 53.50 | 0 | 01:00:00 |
CIT Executive Spotlight Examines Capital Markets 2015 Outlook
With the possibility of rising interest rates on the horizon, middle market companies that fail to engage in any type of hedging activity are potentially leaving themselves exposed to higher costs of capital in the future. However, many of these companies are comfortable taking this risk today. These are some of the observations from Neil Wessan, Group Head and Managing Director, CIT Capital Markets, a division of CIT Group Inc. (NYSE:CIT), a leading provider of commercial lending and leasing services, in “2015 Capital Markets Outlook” (www.cit.com/wessan), the latest piece of market intelligence in the CIT Executive Insights video series of in-depth executive Q&As.
“We think it’s a mistake for middle market companies to operate with high amounts of exposure that could be impacted by rising interest rates,” said Wessan. “Companies can take a prudent approach today and avoid high costs tomorrow through a variety of products. Doing this could help protect their loans rather than waiting to hedge once rates have already risen.”
Some of the other Capital Market trends Wessan reflects on include:
EDITOR’S NOTE:
CIT thought leadership content can be found at View from the Middle™ (cit.com/viewfromthemiddle) and our CIT Point of View blog (cit.com/pov). View our corporate video (cit.com/corporatevideo) and follow us on Twitter, LinkedIn, YouTube and Facebook. Register to receive press releases at cit.com/newsalerts.
About CIT
Founded in 1908, CIT (NYSE:CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, and equipment financing and leasing solutions to the transportation industry worldwide. Its U.S. commercial bank subsidiary, CIT Bank (Member FDIC) BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20150519005391/en/
CIT MEDIA RELATIONS:C. Curtis Ritter, 973-740-5390Senior Vice President of Corporate CommunicationsCurt.Ritter@cit.comorMatt Klein, 973-597-2020Vice President, Media RelationsMatt.Klein@cit.comorCIT INVESTOR RELATIONS:Barbara Callahan, 973-740-5058Senior Vice PresidentBarbara.Callahan@cit.com
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