CIT Group Company Profile (NYSE:CIT)

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: $36.11
  • 50 Day Moving Average: $34.77
  • 200 Day Moving Average: $32.66
  • Trailing P/E Ratio: 7.21
  • Foreward P/E Ratio: 9.98
  • P/E Growth: -1.25
  • Market Cap: $7.29B
  • Outstanding Shares: 201,992,000
  • Beta: 1.57
Additional Links:
Companies Related to CIT Group:

Analyst Ratings

Consensus Ratings for CIT Group (NYSE:CIT) (?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 2.39)
Consensus Price Target: $43.78 (21.25% upside)

Analysts' Ratings History for CIT Group (NYSE:CIT)
Show:
DateFirmActionRatingPrice TargetDetails
8/17/2016BTIG ResearchReiterated RatingBuy$52.00View Rating Details
8/15/2016Credit Suisse Group AGLower Price TargetNeutral$42.00 -> $34.55View Rating Details
7/29/2016NomuraBoost Price TargetNeutral$33.00 -> $35.00View Rating Details
7/29/2016Barclays PLCLower Price TargetEqual Weight$37.00 -> $35.00View Rating Details
6/15/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
4/29/2016Bank of America Corp.DowngradeNeutral -> UnderperformView Rating Details
4/4/2016MacquarieReiterated RatingBuyView Rating Details
4/4/2016Oppenheimer Holdings Inc.Reiterated RatingBuy$50.00View Rating Details
4/4/2016Morgan StanleyReiterated RatingOverweight$38.00View Rating Details
3/28/2016BMO Capital MarketsReiterated RatingHoldView Rating Details
3/28/2016Keefe, Bruyette & WoodsReiterated RatingHoldView Rating Details
3/28/2016Sterne Agee CRTDowngradeBuy -> Neutral$37.00View Rating Details
3/24/2016Drexel HamiltonReiterated RatingBuy$48.00View Rating Details
2/3/2016Goldman Sachs Group Inc.Lower Price TargetNeutral$47.00 -> $42.00View Rating Details
2/3/2016DA DavidsonLower Price TargetBuy$46.00View Rating Details
2/3/2016Citigroup Inc.DowngradeBuy -> NeutralView Rating Details
12/18/2015JMP SecuritiesInitiated CoverageOutperform$53.00View Rating Details
11/9/2015Stifel NicolausLower Price TargetBuy$52.00 -> $50.00View Rating Details
7/29/2015GuggenheimDowngradeBuy -> NeutralView Rating Details
(Data available from 8/30/2014 forward)

Earnings

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

Estimates

Earnings Estimates for CIT Group (NYSE:CIT)
Current Year EPS Consensus Estimate: $3.2 EPS
Next Year EPS Consensus Estimate: $3.62 EPS
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:1.66%
Payout Ratio:11.70% (Based on Trailing 12 Months of Earnings)
18.75% (Based on Current Year Consensus EPS Estimate)
16.57% (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 Date
7/19/2016quarterly$0.151.72%8/10/20168/12/20168/26/2016
4/19/2016quarterly$0.151.76%5/11/20165/13/20165/27/2016
1/20/2016quarterly$0.151.94%2/10/20162/12/20162/26/2016
10/21/2015quarterly$0.151.3%11/10/201511/13/201511/30/2015
7/21/2015quarterly$0.151.24%8/12/20158/14/20158/28/2015
4/21/2015quarterly$0.151.25%5/13/20155/15/20155/29/2015
1/21/2015quarterly$0.151.33%2/11/20152/13/20152/27/2015
10/15/2014quarterly$0.151.34%11/7/201411/12/201411/26/2014
7/15/2014quarterly$0.151.36%8/13/20148/15/20148/29/2014
4/17/2014quarterly$0.100.86%5/13/20145/15/20145/30/2014
1/21/2014quarterly$0.100.8%2/12/20142/14/20142/28/2014
10/21/2013quarterly$0.100.82%11/13/201311/15/201311/29/2013
(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 TransactionDetails
2/11/2016Steven T. MnuchinVice ChairmanBuy80,000$25.64$2,051,200.00View SEC Filing  
2/9/2016Steven T. MnuchinVice ChairmanBuy149,800$26.68$3,996,664.00View SEC Filing  
2/4/2016Alan L FrankDirectorBuy2,000$27.72$55,440.00View SEC Filing  
2/4/2016John A ThainCEOBuy50,000$27.31$1,365,500.00View SEC Filing  
2/4/2016Steven T MnuchinVice ChairmanBuy114,623$27.77$3,183,080.71View SEC Filing  
5/15/2014John ThainCEOBuy40,000$41.54$1,661,600.00View SEC Filing  
10/26/2012Michael J EmblerDirectorBuy1,500$37.60$56,400.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for CIT Group (NYSE:CIT)
DateHeadline
publicnow.com logoCIT Serves as Sole Lead Arranger for $61.8 Million Acquisition Financing for Office Properties Outside Chicago (NYSE:CIT)
www.publicnow.com - August 29 at 3:37 PM
4-traders.com logoCIT : Serves as Sole Lead Arranger for $61.8 Million Acquisition Financing for Office Properties Outside Chicago (NYSE:CIT)
www.4-traders.com - August 29 at 8:57 AM
News IconCIT Group Inc. (CIT) Stake Reduced by KBC Group NV (NYSE:CIT)
www.lessors.com - August 26 at 4:05 PM
4-traders.com logoCIT : Canada Pension Plan Investment Board buys $142,792,386 stake in CIT Group (CIT) (NYSE:CIT)
www.4-traders.com - August 26 at 4:05 PM
News IconTop Earnings to Watch for: CIT Group Inc. (NYSE:CIT) - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - August 25 at 9:07 AM
reuters.com logoU.S. business borrowing for equipment falls 17 percent in July - ELFA (NYSE:CIT)
uk.reuters.com - August 23 at 4:23 PM
4-traders.com logoCIT : Aerospace Signs 39 Agreements Related to the Lease of Commercial Aircraft and Delivers 26 Aircraft in Q2 2016 (NYSE:CIT)
www.4-traders.com - August 23 at 4:23 PM
capitalcube.com logoETF’s with exposure to CIT Group, Inc. : August 23, 2016 (NYSE:CIT)
www.capitalcube.com - August 23 at 4:23 PM
News IconBlazing Stocks Calls Bulls- B2Gold (NYSE:BTG), CIT Group (NYSE:CIT), Tokai Pharmaceuticals (NASDAQ:TKAI) - Seneca Globe (NYSE:CIT)
www.senecaglobe.com - August 23 at 8:24 AM
News IconActive Movers - CST Brands Inc (NYSE:CST), CIT Group Inc. (NYSE:CIT) - Money News (press release) (NYSE:CIT)
www.newsismoney.com - August 23 at 8:24 AM
reuters.com logoBRIEF-CIT Aerospace signs 39 agreements related to lease of commercial aircraft (NYSE:CIT)
www.reuters.com - August 22 at 4:19 PM
finance.yahoo.com logo8:40 am CIT Group subsidiary CIT Aeropace announces it signed a total of 39 agreements in 2Q16 for the current and future leases of commercial aircraft and also delivered 26 aircraft to its airline customers (NYSE:CIT)
finance.yahoo.com - August 22 at 4:19 PM
publicnow.com logoCIT Aerospace Signs 39 Agreements Related to the Lease of Commercial Aircraft and Delivers 26 Aircraft in Q2 2016 (NYSE:CIT)
www.publicnow.com - August 22 at 8:58 AM
News IconShares Holding Above Moving Averages: CIT Group Inc. (NYSE:CIT) - Post News (NYSE:CIT)
www.kentuckypostnews.com - August 19 at 3:19 PM
finance.yahoo.com logoCIT GROUP INC Financials (NYSE:CIT)
finance.yahoo.com - August 19 at 3:19 PM
istreetwire.com logoStocks in the Spotlight: CIT Group Inc. (CIT), New Residential Investment Corp. (NRZ), Tyson Foods, Inc. (TSN) - iStreetWire (NYSE:CIT)
istreetwire.com - August 18 at 4:14 PM
wsj.com logo[$$] Chinese Buyers Push Into Global Plane-Leasing Market (NYSE:CIT)
www.wsj.com - August 17 at 9:40 PM
News IconStock Trading Above Moving Averages: CIT Group Inc. (NYSE:CIT) - Post News (NYSE:CIT)
www.kentuckypostnews.com - August 17 at 4:22 PM
publicnow.com logoCintas Corporation to Acquire G&K Services (NYSE:CIT)
www.publicnow.com - August 16 at 9:34 AM
finance.yahoo.com logoFed Approval Uncertain For CIT Group's Capital Return Efforts (NYSE:CIT)
finance.yahoo.com - August 15 at 4:24 PM
News IconCIT Appoints Beer as Western Regional Sales, Commercial Services (NYSE:CIT)
www.abladvisor.com - August 12 at 11:38 AM
News IconCIT Group Inc. (NYSE:CIT) Near to Lift Curtain on September 2016 Earnings - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - August 11 at 10:04 PM
News IconNotable Stock Broker Reports on CIT Group Inc. (NYSE:CIT) - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - August 11 at 10:04 PM
wsj.com logo[$$] Viewpoint: Jevic Ruling Could Limit Chapter 11 Exit Strategies (NYSE:CIT)
www.wsj.com - August 11 at 4:23 PM
News IconCIT Commercial Services Appoints Darrin Beer as Western Regional Sales and Portfolio Manager (NYSE:CIT)
www.cbs58.com - August 11 at 11:41 AM
wsj.com logoWhat Links Donald Trump’s Economy Team (NYSE:CIT)
www.wsj.com - August 10 at 10:26 PM
reuters.com logoBRIEF-CIT Group says unable to file quarterly report on form 10-Q - Reuters (NYSE:CIT)
www.reuters.com - August 9 at 10:39 PM
nasdaq.com logoCIT Group Inc (DEL) (CIT) Ex-Dividend Date Scheduled for August 10, 2016 - Nasdaq (NYSE:CIT)
www.nasdaq.com - August 9 at 5:13 PM
fidaily.com logoCIT Group Inc (DEL) Common Stoc (CIT) Position Increased by Nationwide Fund Advisors - Finance Daily (NYSE:CIT)
www.fidaily.com - August 9 at 11:46 AM
tradecalls.org logoBarclays Maintains CIT Group to Equal-weight with Price Target $35.00 - Trade Calls (NYSE:CIT)
www.tradecalls.org - August 8 at 4:19 PM
capitalcube.com logoCIT Group, Inc. :CIT-US: Earnings Analysis: Q2, 2016 By the Numbers : August 8, 2016 (NYSE:CIT)
www.capitalcube.com - August 8 at 4:19 PM
4-traders.com logoCIT : Provides $100,000 to Los Angeles Latino Chamber of Commerce for Technical Assistance to Small Businesses (NYSE:CIT)
www.4-traders.com - August 8 at 9:01 AM
publicnow.com logoCIT Provides $100,000 to Los Angeles Latino Chamber of Commerce for Technical Assistance to Small Businesses (NYSE:CIT)
www.publicnow.com - August 8 at 9:01 AM
tradecalls.org logoThompson Investment Management buys $5931927 stake in CIT Group (CIT) - Trade Calls (NYSE:CIT)
www.tradecalls.org - August 6 at 11:50 AM
nasdaq.com logoBullish Two Hundred Day Moving Average Cross - CIT (NYSE:CIT)
www.nasdaq.com - August 5 at 9:35 PM
fidaily.com logoCIT Group Inc (DEL) Common Stoc (CIT) Holdings Up in Latest Report from Thompson Siegel & Walmsley LLC - Finance Daily (NYSE:CIT)
www.fidaily.com - August 5 at 4:15 PM
twst.com logoCIT Group Inc.: CIT Provides $23 Million Financing to Lighthouse eDiscovery - The Wall Street Transcript (NYSE:CIT)
www.twst.com - August 5 at 12:36 PM
wsj.com logo[$$] CIT General Counsel and Compliance Counsel Departing (NYSE:CIT)
www.wsj.com - August 4 at 9:56 PM
twst.com logoCIT Group Inc.: CIT Provides $23 Million Financing to Lighthouse eDiscovery (NYSE:CIT)
www.twst.com - August 3 at 11:43 AM
publicnow.com logoCIT Provides $23 Million Financing to Lighthouse eDiscovery (NYSE:CIT)
www.publicnow.com - August 3 at 11:43 AM
bizjournals.com logoCredit Services Stocks Under Scanner -- Capital One Financial, CIT Group, Equifax, and Fifth Street Finance (NYSE:CIT)
www.bizjournals.com - August 2 at 4:20 PM
News IconInsider Trading under Consideration: PNC Financial Services Group Inc (NYSE:PNC) (NYSE:CIT)
poderygloria.net - August 1 at 4:09 PM
breakingfinancenews.com logoCIT Group (NYSE:CIT) price target lowered to $35 as reported today by Barclays Capital (NYSE:CIT)
breakingfinancenews.com - July 30 at 11:58 AM
News IconInvestor's Watch List: CIT Group Inc.(NYSE:CIT), Encana Corp (USA)(NYSE:ECA) - NYSE Journal (press release) (NYSE:CIT)
stockznews.com - July 29 at 4:19 PM
News IconAnalyst Recommendation Worth Stating Today: CIT Group Inc. (NYSE:CIT) - The Voice Registrar (NYSE:CIT)
voiceregistrar.com - July 29 at 4:19 PM
streetupdates.com logoStock's Ratings to Focus: Annaly Capital Management Inc (NYSE:NLY) , CIT Group Inc (DEL) (NYSE:CIT) - Street Updates (NYSE:CIT)
www.streetupdates.com - July 29 at 8:05 AM
rttnews.com logoCIT Group Inc. Q2 Earnings Fall 88% - RTTNews - RTT News (NYSE:CIT)
www.rttnews.com - July 29 at 8:05 AM
seekingalpha.com logoCIT Group beats, but key catalyst awaited - Seeking Alpha (NYSE:CIT)
seekingalpha.com - July 29 at 8:05 AM
nasdaq.com logoCIT Group Inc. Q2 Earnings Fall 88% (NYSE:CIT)
www.nasdaq.com - July 28 at 12:58 PM
4-traders.com logoCIT GROUP INC : Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (NYSE:CIT)
www.4-traders.com - July 28 at 12:58 PM

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CIT Group (NYSE:CIT) Chart for Tuesday, August, 30, 2016


Last Updated on 8/30/2016 by MarketBeat.com Staff