|By PR Newswire||
|February 12, 2013 08:02 AM EST||
LONDON, February 12, 2013 /PRNewswire/ --
Credit service stocks are making a comeback. Though most of these companies were thoroughly beaten down during the economic crisis,since then these stocks have made major upward moves. Companies like CIT Group Inc. (NYSE: CIT) and SLM Corporation (NASDAQ: SLM) posted good quarterly results. The industry itself is in recovery mode and is poised to achieve new highs. The sector is also likely to see consolidation as companies may look to growth through mergers and acquisitions. StockCall has posted free technical research reports on CIT Group Inc. and SLM Corp. and these can be accessed by signing up at
CIT Group Mulling Merger
CIT Group is trying to put itself on the block again. It has held meetings with Wells Fargo & Co. and Toronto Dominion Bank; however, these talks did not fructify. CIT Group has been facing a number of issues lately and selling itself is likely to get it out of some of those problems. The banking company came out of its bankruptcy in 2009 and since then its stock has remained range-bound. CIT Group Inc. technical report can be accessed for free by signing up at
CIT Group reported better-than-expected results for its fourth quarter, where it managed to beat consensus estimates for EPS. Its net income increased to $206.8 million from $36.3 million seen in the corresponding quarter of the last year. CIT Group's EPS stood at $1.03 per share, surpassing analysts' estimate of 61 cents per share.
The company is redesigning its funding mix and assets portfolio to increase its profitability and margins. CIT Group recently started its maritime finance business. The new unit is expected to provide further avenues of growth for the company. Apart from growing organically, the company is also growing through acquisition of assets from other companies. It recently bought the commercial loan balance from Flagstar Bancorp. CIT Group's initiative to cut its debt level started to pay off as is evident from its Q4 results.
SLM Corporation in Bullish Mode
SLM Corporation is currently making new 52-weeks high. The company mainly specializes in privatized student loans and its stock is currently in the bullish mode as it is trading above its 5-day EMA of $17.89 and 20-day EMA of $17.32. SLM Corporation stock grew 17 percent in the past 12 months. However, capital appreciation is not the only way SLM Corporation stockholders benefit. The company also recently increased its dividend by 20 percent. It will now pay quarterly cash dividend of 15 cents per share. Good dividend yield along with robust capital appreciation makes SLM Corporation an interesting investment option. Download the free report on SLM Corporation upon registration at
SLM Corporation is also looking at other ways to reward its shareholders. The company also authorized its new share repurchase worth $400 million. SLM Corporation also reported strong results for its fourth quarter as it earned 55 cents per share, up 8 percent from the figure it posted last year for the same quarter. The company is also making good progress on the debt repurchase front. Its stock is in a bullish momentum and offers good opportunity.
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The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
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The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of profound change in the industry.
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SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
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Jul. 29, 2015 07:30 AM EDT Reads: 278
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, described how to revolutionize your archit...
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Jul. 28, 2015 04:30 PM EDT Reads: 1,755
Converging digital disruptions is creating a major sea change - Cisco calls this the Internet of Everything (IoE). IoE is the network connection of People, Process, Data and Things, fueled by Cloud, Mobile, Social, Analytics and Security, and it represents a $19Trillion value-at-stake over the next 10 years. In her keynote at @ThingsExpo, Manjula Talreja, VP of Cisco Consulting Services, discussed IoE and the enormous opportunities it provides to public and private firms alike. She will share what businesses must do to thrive in the IoE economy, citing examples from several industry sectors.
Jul. 28, 2015 11:00 AM EDT Reads: 2,036
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Jul. 27, 2015 09:00 PM EDT Reads: 2,041
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
Jul. 27, 2015 10:00 AM EDT Reads: 2,023
Akana has released Envision, an enhanced API analytics platform that helps enterprises mine critical insights across their digital eco-systems, understand their customers and partners and offer value-added personalized services. “In today’s digital economy, data-driven insights are proving to be a key differentiator for businesses. Understanding the data that is being tunneled through their APIs and how it can be used to optimize their business and operations is of paramount importance,” said Alistair Farquharson, CTO of Akana.
Jul. 27, 2015 09:00 AM EDT Reads: 314
Business as usual for IT is evolving into a "Make or Buy" decision on a service-by-service conversation with input from the LOBs. How does your organization move forward with cloud? In his general session at 16th Cloud Expo, Paul Maravei, Regional Sales Manager, Hybrid Cloud and Managed Services at Cisco, discusses how Cisco and its partners offer a market-leading portfolio and ecosystem of cloud infrastructure and application services that allow you to uniquely and securely combine cloud business applications and services across multiple cloud delivery models.
Jul. 27, 2015 08:00 AM EDT Reads: 1,895
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In his keynote at 16th Cloud Expo, Rodney Rogers, CEO of Virtustream, discussed the evolution of the company from inception to its recent acquisition by EMC – including personal insights, lessons learned (and some WTF moments) along the way. Learn how Virtustream’s unique approach of combining the economics and elasticity of the consumer cloud model with proper performance, application automation and security into a platform became a breakout success with enterprise customers and a natural fit for the EMC Federation.
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Jul. 25, 2015 02:00 PM EDT Reads: 380
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unp...
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Jul. 25, 2015 12:15 PM EDT Reads: 447
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Jul. 25, 2015 12:00 PM EDT Reads: 1,524
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jul. 25, 2015 09:00 AM EDT Reads: 1,482
SYS-CON Events announced today that Dyn, the worldwide leader in Internet Performance, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Dyn is a cloud-based Internet Performance company. Dyn helps companies monitor, control, and optimize online infrastructure for an exceptional end-user experience. Through a world-class network and unrivaled, objective intelligence into Internet conditions, Dyn ensures traffic gets delivered faster, safer, and more reliably than ever.
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