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CIT Group Inc.

CIT.N

Latest Trade

44.25USD

Change

0.31(+0.71%)

Volume

345,939

Today's Range

43.96

 - 

44.43

52 Week Range

35.51

 - 

54.01

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
43.94
Open
44.26
Volume
345,939
3M AVG Volume
21.38
Today's High
44.43
Today's Low
43.96
52 Week High
54.01
52 Week Low
35.51
Shares Out (MIL)
94.72
Market Cap (MIL)
4,153.61
Forward P/E
8.90
Dividend (Yield %)
3.19

Next Event

Q4 2019 CIT Group Inc Earnings Release

Latest Developments

More

CIT Group Receives OCC Approval To Acquire Mutual Of Omaha Bank

Cit Leads $80 Million Revolving Credit Facility For Aerfin Holdings

CIT Group Inc Reports Qtrly Net Income Of $1.33 Per Share

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About CIT Group Inc.

CIT Group Inc. (CIT) is a bank holding company (BHC) and a financial holding company (FHC). The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America. The Company's segments include Commercial Banking, Consumer Banking, Non-Strategic Portfolios, and Corporate and Other. The Commercial Banking segment consists of four divisions: Commercial Finance, Rail, Real Estate Finance, and Business Capital. The Consumer Banking segment includes Retail Banking, Mortgage Lending, and SBA Lending (together referred to as Other Consumer Banking), and Legacy Consumer Mortgages (LCM). The Company's products and services include account receivables collection, acquisition and expansion financing, asset management and servicing, asset-based loans, debt underwriting and syndication, deposits, enterprise value and cash flow loans, equipment leases, factoring services and financial risk management.

Industry

Consumer Financial Services

Contact Info

1 Cit Dr

+1.973.7405000

https://www.cit.com/

Executive Leadership

Ellen R. Alemany

Chairwoman and Chief Executive Officer of CIT Group and Chairwoman, CEO and President of CIT Bank

John J. Fawcett

Chief Financial Officer, Executive Vice President

Matthew Galligan

President - CIT Real Estate Finance

David Harnisch

President of Commercial Finance

Michael Sterling Jones

President of the Business Capital Unit

Key Stats

2.18 mean rating - 11 analysts
Sell
Hold
Buy
Revenue (MM, USD)

2016

1.9K

2017

2.0K

2018

1.9K

2019(E)

1.8K
EPS (USD)

2016

2.040

2017

3.390

2018

3.890

2019(E)

4.928
Price To Earnings (TTM)
9.38
Price To Sales (TTM)
1.81
Price To Book (MRQ)
0.73
Price To Cash Flow (TTM)
5.22
Total Debt To Equity (MRQ)
84.08
LT Debt To Equity (MRQ)
84.08
Return on Investment (TTM)
--
Return on Equity (TTM)
0.95

Latest News

Latest News

BRIEF-Cit Announces Cash Tender Offer For Up To $500,000,000 Of Its Common Stock

* CIT ANNOUNCES CASH TENDER OFFER FOR UP TO $500,000,000 OF ITS COMMON STOCK

BRIEF-CIT Announces Intention To Commence A Cash Tender Offer For Up To $500 Mln Of Its Common Stock

* CIT ANNOUNCES ITS INTENTION TO COMMENCE A CASH TENDER OFFER FOR UP TO $500,000,000 OF ITS COMMON STOCK

BRIEF-CIT Group Reports Q1 Earnings Per Share $0.79 From Continuing Operations

* Q1 EARNINGS PER SHARE $0.74 FROM CONTINUING OPERATIONS EXCLUDING ITEMS

BRIEF-CIT Announces Redemption Of About $883 Mln Of Unsecured Debt

* CIT ANNOUNCES REDEMPTION OF APPROXIMATELY $883 MILLION OF ITS UNSECURED DEBT

Top U.S. bank regulator told to recuse himself from CIT Group matters

A top U.S. bank regulator, Comptroller of the Currency Joseph Otting, must recuse himself from matters involving CIT Group Inc and other lenders with which he has had past financial ties, the agency's acting chief counsel said this week.

BRIEF-CIT Group Announces Pricing Of Certain Notes

* CIT ANNOUNCES PRICING OF $1 BILLION OF SENIOR UNSECURED NOTES AND $400 MILLION OF SUBORDINATED NOTES

BRIEF-CIT Announces Public Offerings Of Senior Unsecured Notes And Subordinated Notes

* CIT ANNOUNCES PUBLIC OFFERINGS OF SENIOR UNSECURED NOTES AND SUBORDINATED NOTES

Fed says wants 'living wills' from CIT, Citizens Financial by year-end

The Federal Reserve on Thursday said it expected two large lenders, CIT Group Inc and Citizens Financial Group Inc, to offer 'living will' paperwork by the end of 2018.

BRIEF-CIT Group, Units Enter Into Amendment To Credit Agreement

* CIT GROUP SAYS ON FEB 16, CO & UNITS ENTERED INTO AMENDMENT NO. 2 TO SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT, DATED AS OF FEB 16, 2018

BRIEF-CIT Group Received Non-Objection From Federal Reserve Bank Of NY To Amendment To 2017 Capital Plan

* CIT GROUP SAYS ON FEB 1, RECEIVED NON-OBJECTION FROM FEDERAL RESERVE BANK OF NEW YORK TO AMENDMENT TO 2017 CAPITAL PLAN DATED APRIL 5, 2017

BRIEF-CIT Group Reports Q4 Loss Per Share Of $0.74

* Q4 EARNINGS PER SHARE $0.99 FROM CONTINUING OPERATIONS EXCLUDING ITEMS

BRIEF-DNB Financial Corp Reports Q4 Earnings Per Share $0.19

* QTRLY NET INTEREST INCOME WAS $9.6 MILLION, A $142,000 INCREASE FROM QUARTER ENDING SEPTEMBER 30, 2017 Source text for Eikon: Further company coverage:

BRIEF-Cit Group Says Its Unit Served As Sole Lead Arranger For A $422 Mln Senior Secured Loan Financing To White Oak Commercial Aviation

* CIT GROUP SAYS ITS COMMERCIAL FINANCE UNIT SERVED AS SOLE LEAD ARRANGER FOR A $422 MILLION SENIOR SECURED LOAN FINANCING TO WHITE OAK COMMERCIAL AVIATION LP

BRIEF-CIT Group Inc Files For Potential Mixed Shelf Offering

* CIT GROUP INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING Source text: (http://bit.ly/2y8rsAP) Further company coverage:

BRIEF-CIT, Ocwen Agree To Resolve Claims Filed In Demand For Arbitration

* CIT GROUP SAYS ON NOV 22, OCWEN LOAN SERVICING AGREED TO A $29.9 MILLION SETTLEMENT TO RESOLVE CLAIMS FILED IN DEMAND FOR ARBITRATION AGAINST CO ON AUG 12, 2016

Fitch Affirms CIT Group Inc.'s Long-Term IDR at 'BB+'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, November 28 (Fitch) Fitch Ratings has affirmed the 'BB+' Long-Term Issuer Default Ratings (IDRs) and 'B' Short-Term IDRs for CIT Group Inc. (CIT) and CIT Bank, N.A. (CIT Bank). The Rating Outlook is Stable...

BRIEF-CIT reports Q3 earnings per share $1.61

* Q3 earnings per share $1.02 from continuing operations excluding items

BRIEF-CIT announces early results of its previously announced cash tender offer of unsecured notes

* CIT announces early results of its previously announced cash tender offer of unsecured notes Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

BRIEF-CIT announces cash tender offer for $800 million of unsecured notes

* CIT announces cash tender offer for $800 million of unsecured notes

BRIEF-CIT Group says provides $60 mln in financing to Edward J Minskoff Equities

* Cit Group Inc provides $60 million in financing to Edward J. Minskoff Equities Inc.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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