In this article, we discuss billionaire Michael Price’s top 5 stock picks. For Price’s investment philosophy and his comments on certain stocks please see Billionaire Michael Price’s Top 10 Stock Picks.
5. CIT Group Inc. (NYSE: CIT)
The regional bank CIT Group Inc. (NYSE: CIT) is the fifth-largest stock holding of the MFP Investors’ portfolio for 2021. The firm held 645,600 shares of CIT at the end of the latest quarter, accounting for 3.57% of the overall portfolio. Shares of CIT Group rallied 33% since the beginning of this year, thanks to improving market trends and financial numbers. Its fourth-quarter revenue of $496 million increased 7.6% year over year. CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals.