News Buzz: Xcel Energy Inc (NYSE:XEL), CIT Group Inc. (NYSE:CIT)

On Wednesday, Shares of Xcel Energy Inc (NYSE:XEL), subtract -4.67% and closed at $39.58 in the last trading session. The last trading range of the stock ranges between $39.50 and $40.93. Xcel Energy Inc., through its auxiliaries, engages mainly in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil and refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects.

CIT Group Inc. (NYSE:CIT), jumped 3.75% and closed at $37.65 in the last trading session. The last trading range of the stock ranges between $36.53 and $37.95. The company’s Market capitalization is $7.57 Billion with the total Outstanding Shares of 202.05 million. CIT Group Inc. (CIT), cit.com, a leading provider of commercial lending and leasing services, recently declared that CIT Equipment Finance made two key appointments designed to further grow CIT’s Office Imaging dealer relationships in the Southeast and Midwest regions of the United States. The new executives will report to David Gerrard, Vice President, Office Imaging Dealer Sales.

“We’re excited by these new hires as both managers have demonstrated the proven ability to lead and motivate people to drive growth and profitability and have long-standing experience in the Office Imaging sector,” said Mike Jones, Managing Director, CIT Equipment Finance. “These planned appointments further demonstrate our commitment to assisting manufacturer branches and independent dealers to grow their businesses by providing easily accessible financial sales resources.”

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