CIT Group Company Profile (NYSE:CIT)

Analyst Ratings

Consensus Ratings for CIT Group (NYSE:CIT) (?)
Ratings Breakdown: 1 Sell Rating(s), 9 Hold Rating(s), 8 Buy Rating(s)
Consensus Rating:Hold (Score: 2.39)
Consensus Price Target: $44.25 (28.04% upside)

Analysts' Ratings History for CIT Group (NYSE:CIT)
Show:
DateFirmActionRatingPrice TargetActions
7/29/2016NomuraBoost Price TargetNeutral$33.00 -> $35.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/29/2016Barclays PLCLower Price TargetEqual Weight$37.00 -> $35.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/28/2016BTIG ResearchSet Price TargetBuy$52.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
6/15/2016Deutsche Bank AGReiterated RatingHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/29/2016Credit Suisse Group AGReiterated RatingHold$42.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/29/2016Bank of America Corp.DowngradeNeutral -> UnderperformView Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/4/2016MacquarieReiterated RatingBuyView Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/4/2016Oppenheimer Holdings Inc.Reiterated RatingBuy$50.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
4/4/2016Morgan StanleyReiterated RatingOverweight$38.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/28/2016BMO Capital MarketsReiterated RatingHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/28/2016Keefe, Bruyette & WoodsReiterated RatingHoldView Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/28/2016Sterne Agee CRTDowngradeBuy -> Neutral$37.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
3/24/2016Drexel HamiltonReiterated RatingBuy$48.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/3/2016Goldman Sachs Group Inc.Lower Price TargetNeutral$47.00 -> $42.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/3/2016DA DavidsonLower Price TargetBuy$46.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
2/3/2016Citigroup Inc.DowngradeBuy -> NeutralView Rating Details  Tweet This Rating  Share This Rating on StockTwits
12/18/2015JMP SecuritiesInitiated CoverageOutperform$53.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
11/9/2015Stifel NicolausLower Price TargetBuy$52.00 -> $50.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
7/29/2015GuggenheimDowngradeBuy -> NeutralView Rating Details  Tweet This Rating  Share This Rating on StockTwits
8/1/2014SunTrust Banks Inc.Boost Price Target$45.00 -> $54.00View Rating Details  Tweet This Rating  Share This Rating on StockTwits
(Data available from 7/31/2014 forward)

Earnings

Earnings History for CIT Group (NYSE:CIT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallActions
7/28/2016        
7/28/2016Q216$0.77$0.90$620.33 million$645.10 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2016Q116$0.76$0.75$618.75 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/2/2016Q415$0.83$0.72$601.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
11/3/2015Q315$0.75$0.26$521.05 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/28/2015Q215$0.66$0.66$435.57 millionViewListenView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/28/2015Q115$0.78$0.59$456.74 million$423.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/27/2015Q414$0.95$1.37$453.20 million$306.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/28/2014Q314$0.90$2.76$432.70 million$592.30 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/22/2014Q214$0.89$1.29$437.04 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/29/2014Q114$0.86$0.55$441.20 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/27/2014Q413$0.83$0.65$57.48 million$337.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/22/2013Q313$0.94$0.99$77.40 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/23/2013Q2 2013$0.90$0.91$83.47 million$351.60 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/23/2013Q1 2013$0.89$0.81$65.72 million$355.80 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/29/2013Q4 2012$0.68$1.03$0.40 million$357.00 millionViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/23/2012($1.20)($1.52)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
7/30/2012($0.49)($0.35)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/24/2012($1.58)($2.22)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
1/31/2012($0.01)$0.17ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
10/25/2011($0.23)($0.08)ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
4/27/2011$0.19$0.33ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
2/15/2011$0.40$0.37ViewN/AView Earnings Details  Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CIT Group (NYSE:CIT)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$0.80$0.87$0.83
Q2 20162$0.80$0.83$0.82
Q3 20162$0.74$0.84$0.79
Q4 20162$0.74$0.86$0.80
Q1 20171$0.84$0.84$0.84
Q2 20171$0.88$0.88$0.88
Q3 20171$0.94$0.94$0.94
Q4 20171$0.96$0.96$0.96
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for CIT Group (NYSE:CIT)
Annual Dividend:$0.60
Dividend Yield:1.74%
Payout Ratio:11.70% (Based on Trailing 12 Months of Earnings)
19.11% (Based on Current Year Consensus EPS Estimate)
16.39% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:0.00% (3 Year Average)

Dividend History for CIT Group (NYSE:CIT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable DateShare
7/19/2016quarterly$0.151.72%8/10/20168/12/20168/26/2016Tweet This Announcement  Share This Announcement on StockTwits
4/19/2016quarterly$0.151.76%5/11/20165/13/20165/27/2016Tweet This Announcement  Share This Announcement on StockTwits
1/20/2016quarterly$0.151.94%2/10/20162/12/20162/26/2016Tweet This Announcement  Share This Announcement on StockTwits
10/21/2015quarterly$0.151.3%11/10/201511/13/201511/30/2015Tweet This Announcement  Share This Announcement on StockTwits
7/21/2015quarterly$0.151.24%8/12/20158/14/20158/28/2015Tweet This Announcement  Share This Announcement on StockTwits
4/21/2015quarterly$0.151.25%5/13/20155/15/20155/29/2015Tweet This Announcement  Share This Announcement on StockTwits
1/21/2015quarterly$0.151.33%2/11/20152/13/20152/27/2015Tweet This Announcement  Share This Announcement on StockTwits
10/15/2014quarterly$0.151.34%11/7/201411/12/201411/26/2014Tweet This Announcement  Share This Announcement on StockTwits
7/15/2014quarterly$0.151.36%8/13/20148/15/20148/29/2014Tweet This Announcement  Share This Announcement on StockTwits
4/17/2014quarterly$0.100.86%5/13/20145/15/20145/30/2014Tweet This Announcement  Share This Announcement on StockTwits
1/21/2014quarterly$0.100.8%2/12/20142/14/20142/28/2014Tweet This Announcement  Share This Announcement on StockTwits
10/21/2013quarterly$0.100.82%11/13/201311/15/201311/29/2013Tweet This Announcement  Share This Announcement on StockTwits
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for CIT Group (NYSE:CIT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionActions
2/11/2016Steven T. MnuchinVice ChairmanBuy80,000$25.64$2,051,200.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/9/2016Steven T. MnuchinVice ChairmanBuy149,800$26.68$3,996,664.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/4/2016Alan L FrankDirectorBuy2,000$27.72$55,440.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/4/2016John A ThainCEOBuy50,000$27.31$1,365,500.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
2/4/2016Steven T MnuchinVice ChairmanBuy114,623$27.77$3,183,080.71View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
5/15/2014John ThainCEOBuy40,000$41.54$1,661,600.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
10/26/2012Michael J EmblerDirectorBuy1,500$37.60$56,400.00View SEC Filing  Tweet This Trade  Share This Trade on StockTwits
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for CIT Group (NYSE:CIT)
DateHeadline
07/30/16 10:58 AMCIT Group (NYSE:CIT) price target lowered to $35 as reported today by Barclays Capital
07/29/16 03:19 PMInvestor's Watch List: CIT Group Inc.(NYSE:CIT), Encana Corp (USA)(NYSE:ECA) - NYSE Journal (press release)
07/29/16 03:19 PMAnalyst Recommendation Worth Stating Today: CIT Group Inc. (NYSE:CIT) - The Voice Registrar
07/29/16 07:05 AMStock's Ratings to Focus: Annaly Capital Management Inc (NYSE:NLY) , CIT Group Inc (DEL) (NYSE:CIT) - Street Updates
07/29/16 07:05 AMCIT Group Inc. Q2 Earnings Fall 88% - RTTNews - RTT News
07/29/16 07:05 AMCIT Group beats, but key catalyst awaited - Seeking Alpha
07/28/16 11:58 AMCIT Group Inc. Q2 Earnings Fall 88%
07/28/16 11:58 AMCIT GROUP INC : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
07/28/16 10:21 AMCIT Reveals Fed's Objection to Capital Distribution Plan -
07/28/16 09:43 AM[$$] CIT Says Fed Objected to Its Capital Plan -
07/28/16 06:07 AMQ2 2016 CIT Group Inc Earnings Release - Before Market Open -
07/28/16 06:05 AMCIT GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financial -
07/28/16 06:03 AMCIT beats Street 2Q forecasts -
07/26/16 03:08 PMCIT Group Inc. (NYSE:CIT) Earnings Preview: Should Investors Be ... - The Voice Registrar
07/26/16 11:23 AMCIT Pioneers Pay Link to ‘Tone At The Top’ for CEO
07/26/16 10:22 AMCIT Pioneers Pay Link to 'Tone At The Top' for CEO -
07/25/16 07:59 PMU.S. business borrowing for equipment rises in June: ELFA
07/23/16 07:31 AMBirch Run Capital Advisors LP Increased Cit Group INC (NYSE:CIT ... - Consumer Eagle
07/23/16 07:31 AMAttention Grabbing Analyst Research Reports: Packaging Corp Of America (NYSE:PKG), CIT Group Inc. (NYSE:CIT) - Review Fortune
07/23/16 07:31 AMHow Many CIT Group Inc. (NYSE:CIT)'s Analysts Are Bearish? - Consumer Eagle
07/23/16 07:31 AMEquity Roundup: Stock Performance Focus on CIT Group Inc (DEL) (NYSE:CIT) - Press Telegraph
07/23/16 07:31 AMStocks within Analysts Screening: Barclays PLC (NYSE:BCS) , CIT Group Inc (DEL) (NYSE:CIT) - Street Updates
07/23/16 07:31 AMAnalysts Observable Stocks: Dupont Fabros Technology, Inc. (NYSE:DFT) , CIT Group Inc (DEL) (NYSE:CIT) - Street Updates
07/22/16 03:18 PMCIT Sends Chinese Copper Tube Duties Back To Commerce
07/21/16 03:17 PMCIT : Provides $34 Million of Senior Secured Credit Facilities to The Sun Valley Group
07/21/16 06:02 AMInsiders Increasing Positions in: CIT Group Inc. (NYSE:CIT) - Press Telegraph
07/20/16 10:33 PMCIT GROUP INC : Other Events (form 8-K)
07/20/16 11:15 AMAnalysts and Technical Update on CIT Group Inc (NYSE:CIT) - Street Report
07/19/16 08:35 PMLong Term Value Play: CIT Group Inc. (NYSE:CIT) - TGP
07/19/16 08:35 PMPrice Target Estimates: CIT Group Inc. (NYSE:CIT) - News Oracle
07/19/16 04:05 PMCIT GROUP INC Files SEC form 8-K, Other Events -
07/19/16 01:30 PMCIT Declares Quarterly Dividend - [Business Wire] - CIT Group Inc. , a leading provider of commercial lending and leasing services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock.
07/19/16 11:32 AMCall buyers bank on gains in CIT Group -
07/18/16 03:28 PMCIT : to Announce Second Quarter 2016 Financial Results on Thursday, July 28th
07/18/16 08:14 AMShare Performance Summary for: CIT Group Inc. (NYSE:CIT) - Press Telegraph
07/18/16 08:14 AMAnalysts Are Expecting this Stock to Rise: CIT Group Inc. (NYSE:CIT) - TGP
07/16/16 03:10 PMCIT Group Inc (DEL) (CIT) is Trading Higher on Unusual Volume for July 14
07/16/16 06:37 AMCIT Group Inc. (NYSE:CIT) & Newell Brands Inc (NYSE:NWL) Stocks in Focus - Money News (press release)
07/15/16 02:15 PMCIT Provides $34MM Secured Credit Facilities to The Sun Valley Group
07/15/16 11:44 AMBirch Run Capital Advisors LP Increased Cit Group INC (NYSE:CIT) by $6.76 Million as Shares Declined - Consumer Eagle
07/15/16 07:58 AMCIT to Announce Second Quarter 2016 Financial Results on Thursday, July 28th - [at noodls] - NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT) cit.com, a leading provider of commercial lending and leasing services, today announced it will issue its financial results for the quarter ended June ...
07/14/16 08:30 AMSpears Abacus Advisors LLC Increased Cit Group INC (NYSE:CIT) by $3.98 Million as Shares Declined - Consumer Eagle
07/14/16 08:30 AMCIT Group Inc (DEL) (NYSE:CIT)'s Growth Projection - RealistInvestor.com
07/14/16 08:30 AMCIT Group Inc Realized Volatility Hits Elevated Level - CML News
07/14/16 08:30 AMA Preview Of CIT Group's Q2 From Barclays - Benzinga
07/14/16 07:38 AMCIT Provides $34 Million of Senior Secured Credit Facilities to The Sun Valley Group - [at noodls] - NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that CIT Corporate Banking provided $34 million in senior secured ...
07/13/16 08:38 PMCanada Tax Court Says $170M Foreign Bank Income Is Exempt
07/13/16 08:38 PMNoteworthy Wednesday Option Activity: CMG, CIT, VNDA
07/13/16 03:02 PMA Preview Of CIT Group's Q2 From Barclays - Barclays analysts Mark DeVries and Terry Ma expect CIT Group Inc. (NYSE: CIT)'s income from continuing operations to top consensus by $0.04 a share in the second quarter. While they estimate $0.81 a share, the Street is looking for $0.77 a share for the second quarter. However, the two analysts have retained their Equal Weight rating and price target of $37 on the shares of the company. The brokerage sees CIT Group's net finance margin dropping 14 basis points on a quarter-over-quarter basis to 3.6 percent due to pressures from continued weakness in rail partly. The two analysts also see credit costs to remain elevated levels and might come at the higher end of the ...Full story available on Benzinga.com
07/13/16 11:20 AMCanadian Court Upholds CIT Group Appeal on Foreign Income - Bloomberg BNA

Social

About CIT Group

CIT Group logoCIT Group Inc. (CIT) is a bank holding company. The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America, and equipment financing and leasing solutions to the transportation industry around the world. The Company's segments include North America Banking (NAB), including Commercial Real Estate, Commercial Banking and Consumer Banking divisions; Transportation & International Finance (TIF), including Aerospace, Rail, Maritime Finance and International Finance divisions, and Legacy Consumer Mortgages (LCM), which includes single-family residential mortgage (SFR) loans and reverse mortgage loans. CIT products and services include account receivables collection; equipment leases; acquisition and expansion financing; factoring services; financial risk management; asset management and servicing; asset-based loans; insurance services; credit protection; debt restructuring, and deposits.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Credit Services
  • Sub-Industry: Regional Banks
  • Exchange: NYSE
  • Symbol: CIT
  • CUSIP: 12558180
Key Metrics:
  • Previous Close: $34.74
  • 50 Day Moving Average: $32.57
  • 200 Day Moving Average: $32.01
  • P/E Ratio: 6.90
  • P/E Growth: -0.85
  • Market Cap: $6.98B
  • Beta: 1.57
  • Current Year EPS Consensus Estimate: $3.14 EPS
  • Next Year EPS Consensus Estimate: $3.66 EPS
Additional Links:
CIT Group (NYSE:CIT) Chart for Sunday, July, 31, 2016