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S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
Is This The End of Capitalism? (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
Is This The End of Capitalism? (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
Is This The End of Capitalism? (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
Is This The End of Capitalism? (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Cassava Sciences Stock Undervalued with Its $124 Price Target?
NYSE:CIT

CIT Group - CIT Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.
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Compare
Today's Range
$51.36
$54.33
50-Day Range
$46.31
$53.61
52-Week Range
$34.77
$56.62
Volume
32.81 million shs
Average Volume
778,897 shs
Market Capitalization
$5.31 billion
P/E Ratio
7.80
Dividend Yield
2.62%
Price Target
N/A

CIT Group MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.33
Upright™ Environmental Score
News Sentiment
0.24mentions of CIT Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-38.62%
From $7.51 to $4.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.81 out of 5 stars

Finance Sector

747th out of 891 stocks

National Commercial Banks Industry

75th out of 85 stocks


CIT stock logo

About CIT Group (NYSE:CIT) Stock

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.

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CIT Stock News Headlines

Should India have top-up taxes?
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
RVeloCITY Starts U.S. IPO Effort
Top Picks 2023- Citigroup C
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
CIT Leads Construction Financing for Major New Texas Solar Project
Ambitious Port Vale ready for Wycombe test
VCIT: Investment Grade ETF At 5.8% Yield Is A Buy
See More Headlines

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CIT Company Calendar

Last Earnings
10/25/2021
Today
1/30/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National Commercial Banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
12558180
Employees
4,163
Year Founded
1908

Profitability

Net Income
$-615,300,000.00
Pretax Margin
32.41%

Debt

Sales & Book Value

Annual Sales
$3.15 billion
Cash Flow
$8.56 per share
Book Value
$52.75 per share

Miscellaneous

Free Float
98,525,000
Market Cap
$5.31 billion
Optionable
Optionable
Beta
1.48

Social Links


Key Executives

  • Ellen Rose Alemany
    Chairman, President & Chief Executive Officer
  • Denise M. Menelly
    Executive VP, Head-Technology & Operations
  • John J. FawcettJohn J. Fawcett
    Chief Financial Officer & Executive Vice President
  • Alla Whitston
    Chief Technology Officer
  • Edward K. Sperling
    Chief Accounting Officer, EVP & Controller













CIT Stock - Frequently Asked Questions

How were CIT Group's earnings last quarter?

CIT Group Inc. (NYSE:CIT) issued its earnings results on Monday, October, 25th. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.39. The financial services provider earned $432 million during the quarter, compared to analyst estimates of $447.50 million. CIT Group had a trailing twelve-month return on equity of 15.12% and a net margin of 23.98%. CIT Group's revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 EPS.

Is CIT Group a good dividend stock?

CIT Group (NYSE:CIT) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.62%. The dividend payout ratio is 20.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIT will have a dividend payout ratio of 30.37% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CIT.

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), 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."

What is CIT Group's stock price today?

One share of CIT stock can currently be purchased for approximately $53.50.

How much money does CIT Group make?

CIT Group (NYSE:CIT) has a market capitalization of $5.31 billion and generates $3.15 billion in revenue each year. The financial services provider earns $-615,300,000.00 in net income (profit) each year or $6.86 on an earnings per share basis.

How many employees does CIT Group have?

The company employs 4,163 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.
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How can I contact CIT Group?

CIT Group's mailing address is 11 West 42nd Street, New York NY, 10036. The official website for the company is www.cit.com. The financial services provider can be reached via phone at (212) 461-5200, via email at investor.relations@cit.com, or via fax at 212-461-5200.

This page (NYSE:CIT) was last updated on 1/30/2023 by MarketBeat.com Staff