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NYSE:CIT

CIT Group Stock Forecast, Price & News

$50.35
-1.38 (-2.67 %)
(As of 10/27/2021 09:51 AM ET)
Add
Compare
Today's Range
$50.19
$51.63
50-Day Range
$49.88
$56.17
52-Week Range
$27.19
$56.62
Volume7,252 shs
Average Volume788,040 shs
Market Capitalization$4.99 billion
P/E Ratio8.42
Dividend Yield2.69%
Beta1.57
30 days | 90 days | 365 days | Advanced Chart
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CIT Group logo

About CIT Group

CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Corporate. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Corporate segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.

Headlines

Reviewing CIT Group (NYSE:CIT) & Truist Financial (NYSE:TFC)
October 27, 2021 |  americanbankingnews.com
CIT Group (NYSE:CIT) Issues Quarterly Earnings Results
October 26, 2021 |  americanbankingnews.com
CIT Announces Third Quarter Financial Results
October 26, 2021 |  finance.yahoo.com
CIT Group earnings preview: what to expect
October 24, 2021 |  markets.businessinsider.com
A Look Into CIT Group's Price Over Earnings
October 22, 2021 |  benzinga.com
CIT Provides Financing for Heavy Equipment Acquisition
October 19, 2021 |  finance.yahoo.com
Hedge Funds Are Buying CIT Group Inc. (CIT)
October 18, 2021 |  finance.yahoo.com
See More Headlines

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
12558180
Employees
4,124
Year Founded
1908

Sales & Book Value

Annual Sales
$3.15 billion
Cash Flow
$7.79 per share
Book Value
$52.75 per share

Profitability

Net Income
$-615.30 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$4.99 billion
Next Earnings Date
1/25/2022 (Estimated)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

2.06 out of 5 stars

Finance Sector

594th out of 1,338 stocks

National Commercial Banks Industry

59th out of 109 stocks

Analyst Opinion: 1.1Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -












CIT Group (NYSE:CIT) Frequently Asked Questions

Is CIT Group a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CIT Group in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CIT Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CIT, but not buy additional shares or sell existing shares.
View analyst ratings for CIT Group
or view top-rated stocks.

What stocks does MarketBeat like better than CIT Group?

Wall Street analysts have given CIT Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CIT Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is CIT Group's next earnings date?

CIT Group is scheduled to release its next quarterly earnings announcement on Tuesday, January 25th 2022.
View our earnings forecast for CIT Group
.

How were CIT Group's earnings last quarter?

CIT Group Inc. (NYSE:CIT) released its quarterly earnings data on Monday, October, 25th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.33 by $0.39. The financial services provider earned $432 million during the quarter, compared to the consensus estimate of $447.50 million. CIT Group had a net margin of 20.29% and a trailing twelve-month return on equity of 13.49%. CIT Group's revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS.
View CIT Group's earnings history
.

How has CIT Group's stock price been impacted by Coronavirus (COVID-19)?

CIT Group's stock was trading at $23.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CIT stock has increased by 118.5% and is now trading at $51.73.
View which stocks have been most impacted by COVID-19
.

How often does CIT Group pay dividends? What is the dividend yield for CIT Group?

CIT Group declared a quarterly dividend on Monday, October 18th. Stockholders of record on Friday, October 29th will be paid a dividend of $0.35 per share on Friday, November 12th. This represents a $1.40 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, October 28th.
View CIT Group's dividend history
.

Is CIT Group a good dividend stock?

CIT Group pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.69%.
View CIT Group's dividend history.

What price target have analysts set for CIT?

5 brokers have issued 1-year target prices for CIT Group's stock. Their forecasts range from $34.00 to $62.00. On average, they anticipate CIT Group's stock price to reach $45.58 in the next twelve months. This suggests that the stock has a possible downside of 11.9%.
View analysts' price targets for CIT Group
or view top-rated stocks among Wall Street analysts.

Who are CIT Group's key executives?

CIT Group's management team includes the following people:
  • Ellen Rose Alemany, Chairman, President & Chief Executive Officer
  • Denise M. Menelly, Executive VP, Head-Technology & Operations
  • John J. Fawcett, Chief Financial Officer & Executive Vice President
  • Alla Whitston, Chief Technology Officer
  • Edward K. Sperling, Chief Accounting Officer, EVP & Controller

What other stocks do shareholders of CIT Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CIT Group investors own include Bank of America (BAC), Delta Air Lines (DAL), Citigroup (C), JPMorgan Chase & Co. (JPM), AT&T (T), Exxon Mobil (XOM), Kinder Morgan (KMI), Occidental Petroleum (OXY), The Boeing (BA) and Carnival Co. & (CCL).

What is CIT Group's stock symbol?

CIT Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIT."

Who are CIT Group's major shareholders?

CIT Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hahn Capital Management LLC (0.13%), Virginia Retirement Systems ET AL (0.12%), Strs Ohio (0.07%), New York State Teachers Retirement System (0.06%), Oregon Public Employees Retirement Fund (0.03%) and Summit X LLC (0.03%). Company insiders that own CIT Group stock include Alan L Frank, David Harnisch, Edward K Sperling, Ellen R Alemany, John J Fawcett, Michael L Brosnan, Robert C Rubino, Steve Solk and Wahida Plummer.
View institutional ownership trends for CIT Group
.

Which major investors are selling CIT Group stock?

CIT stock was sold by a variety of institutional investors in the last quarter, including Virginia Retirement Systems ET AL, SummerHaven Investment Management LLC, Hahn Capital Management LLC, Oregon Public Employees Retirement Fund, Louisiana State Employees Retirement System, and Strs Ohio. Company insiders that have sold CIT Group company stock in the last year include Edward K Sperling, Michael L Brosnan, Steve Solk, and Wahida Plummer.
View insider buying and selling activity for CIT Group
or view top insider-selling stocks.

Which major investors are buying CIT Group stock?

CIT stock was bought by a variety of institutional investors in the last quarter, including Sphinx Trading LP, New York State Teachers Retirement System, Hanseatic Management Services Inc., and Summit X LLC. Company insiders that have bought CIT Group stock in the last two years include Alan L Frank, David Harnisch, Ellen R Alemany, John J Fawcett, Michael L Brosnan, and Robert C Rubino.
View insider buying and selling activity for CIT Group
or or view top insider-buying stocks.

How do I buy shares of CIT Group?

Shares of CIT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CIT Group's stock price today?

One share of CIT stock can currently be purchased for approximately $51.73.

How much money does CIT Group make?

CIT Group has a market capitalization of $5.13 billion and generates $3.15 billion in revenue each year. The financial services provider earns $-615.30 million in net income (profit) each year or ($0.70) on an earnings per share basis.

How many employees does CIT Group have?

CIT Group employs 4,124 workers across the globe.

Does CIT Group have any subsidiaries?

The following companies are subsidiares of CIT Group: 1143986 Ontario Limited, 1244771 Ontario Limited, 3918041 Canada Inc., 544211 Alberta Ltd., 555565 Alberta Ltd., 555566 Alberta Ltd., Baliardo Limited, C.I.T. Leasing Corporation, C2 Aviation Capital LLC, CBG LJB 21 LLC, CCERU Finance LP, CFHE Funding Company LLC, CIT Aerospace (Australia) Pty Ltd, CIT Aerospace Asia Pte Ltd., CIT Aerospace Belgium Sprl, CIT Aerospace Holdings (Australia) Pty Ltd, CIT Aerospace Holdings (France) SAS, CIT Aerospace International, CIT Aerospace International (Aruba) A.V.V., CIT Aerospace International (Australia) Pty Ltd., CIT Aerospace International (Bermuda) Limited, CIT Aerospace International (France) Sarl, CIT Aerospace International Leasing II, CIT Aerospace LLC, CIT Aerospace Sweden AB, CIT Asset Management LLC, CIT Aviation Finance I (France) Sarl, CIT Aviation Finance I (Ireland) Limited, CIT Aviation Finance I (UK) Limited, CIT Aviation Finance I Ltd., CIT Aviation Finance II (France) Sarl, CIT Aviation Finance II (Ireland) Limited, CIT Aviation Finance II (UK) Limited, CIT Aviation Finance II Ltd., CIT Aviation Finance III Ltd., CIT Bank N.A., CIT CBK Funding Company LLC, CIT CBK Funding Inc., CIT CLO Holding Corporation, CIT CLO I Blocker Inc., CIT CLO I LLC, CIT CLO I Ltd., CIT Canada Finance LP, CIT Canada Finance ULC, CIT Capital Aviation (UK) Limited, CIT Capital Finance (UK) Limited (in liquidation), CIT Capital Securities LLC, CIT Capital USA Inc., CIT Cayman Coconut Palm Leasing Ltd., CIT Cayman Sandy Keys Leasing Ltd., CIT Communications Finance Corporation, CIT Credit Group USA Inc., CIT Equipment Finance (UK) Limited (in liquidation), CIT FSC Eighteen Ltd., CIT FSC Nineteen Ltd., CIT Finance & Leasing (Tianjin) Corporation, CIT Finance & Leasing Corporation, CIT Finance LLC, CIT Financial (Alberta) ULC / Services Financiers CIT (Alberta) ULC, CIT Financial (Barbados) SRL, CIT Financial (Hong Kong) Limited, CIT Financial II (Barbados) Srl, CIT Financial Ltd./Services Financiers CIT Ltee., CIT Financial USA Inc., CIT Funding (UK) Limited (in liquidation), CIT Funding Company LLC, CIT Funding LLC, CIT Funds LLC, CIT Group (Hungary) Financial Servicing Limited Liability Company "under voluntary dissolution", CIT Group (NFL) Limited (in liquidation), CIT Group (NJ) LLC, CIT Group (Singapore) Pte Ltd (In Members' Voluntary Liquidation), CIT Group (UK) Limited (in liquidation), CIT Group Finance (Ireland), CIT Group Holding (Germany) GmbH i.L., CIT Group Holdings (UK) Limited (in liquidation), CIT Group Holdings B.V., CIT Group Inc., CIT Group Italy Srl in liquidazione, CIT Group SF Holding Co. Inc., CIT Healthcare LLC, CIT Holdings (Barbados) SRL, CIT Holdings B.V., CIT Holdings Canada ULC, CIT Home Lending Securitization Company LLC, CIT Insurance Agency Inc., CIT Leasing (Bermuda) Ltd., CIT Leasing (Germany) GmbH i.L., CIT Lending Services Corporation, CIT Lending Services Corporation (Illinois), CIT Loan Corporation, CIT Malaysia One Inc., CIT Maritime Leasing LLC, CIT Mezzanine Partners of Canada Limited, CIT Millbury Inc., CIT Rail Holdings (Europe) SAS, CIT Rail LLC, CIT Railcar Funding Company LLC, CIT Small Business Lending Corporation, CIT Strategic Finance Inc., CIT TRS Funding B.V., CIT TRS Holdings B.V., CIT TRS Subsidiary B.V., CIT Technology Financing Services Inc., CIT Trade Finance Funding Company LLC, CIT Transportation Holdings B.V., CRE CT 21 OTHER LLC, CRE CT 27 OTHER LLC, CRE FFBC LLC, CRE LJ 21 OTHER LLC, CRE LJ 27 OTHER LLC, CRE LJ 4800 Riverside LLC, CRE LJ CA 2 LLC, CRE LJ CA LLC, CRE LJ CP ESCONDIDO LLC, CRE LJ TX LLC, Canadian Income Partners I Limited Partnership, Canadian Income Partners II Limited Partnership, Canadian Income Partners III Limited Partnership, Canadian Income Partners IV Limited Partnership, Canadian Income Partners V Limited Partnership, Canadian Income Partners VI Limited Partnership, Canadian Income Partners VII Limited Partnership, Canadian Income Partners VIII Limited Partnership, Capita Corporation, Capital Direct Group Inc., Centennial Aviation (Bermuda) 1 Ltd., Centennial Aviation (France) 1 SARL, Centennial Aviation (France) 2 SARL, Centennial Aviation (Ireland) 7 Limited, Direct Capital Corporation, Direct Capital Funding III Company LLC, Direct Capital Funding V LLC, Education Loan Servicing Corporation, Emerald Funding (Netherlands) C.V., Emerald Holdings C.V., Financial Freedom Acquisition LLC, IMV 11 PALM LLC, INDYMAC VENTURE LLC, Jessica Leasing Designated Activity Company, MEX CIT SERVICIOS S. de R.L. de C.V., Madeleine Leasing Designation Activity Company, Memphis Peaking Power LLC, Millennium Leasing Company I LLC, Millennium Leasing Company II LLC, NACCO (U.K.) Limited, NACCO GmbH, NACCO Rail Ireland Limited, NACCO S.A.S, Nacco Luxembourg S.à.r.l., Newcourt Financial Espana S.A., North Romeo Storage Corporation, ONEWEST VENTURES HOLDINGS LLC, OWB REO LLC, OneWest Bank N.A, OneWest Investments II LLC, OneWest Investments LLC, OneWest Resources LLC, PL Servicing LLC, Rita Leasing Designated Activity Company, The CIT GP Corporation III, The CIT Group Securitization Corporation II, The CIT Group/Business Credit Inc., The CIT Group/Commercial Services Inc., The CIT Group/Corporate Aviation Inc., The CIT Group/Equipment Financing Inc., The CIT Group/Equity Investments Inc., The Capita Corporation do Brasil Ltda, The Equipment Insurance Company, and Worrell Capital Limited.

When was CIT Group founded?

CIT Group was founded in 1908.

What is CIT Group's official website?

The official website for CIT Group is www.cit.com.

Where are CIT Group's headquarters?

CIT Group is headquartered at 11 West 42nd Street, New York NY, 10036.

How can I contact CIT Group?

CIT Group's mailing address is 11 West 42nd Street, New York NY, 10036. The financial services provider can be reached via phone at (212) 461-5200 or via email at [email protected].


This page was last updated on 10/27/2021 by MarketBeat.com Staff

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