NYSE:CIT CIT Group (CIT) Stock Price, News & Analysis Notice: This company has been marked as potentially delisted and may not be actively trading. Add Compare Share Share Today's Range$51.36▼$54.3350-Day Range$46.31▼$53.6152-Week Range$34.77▼$56.62Volume32.81 million shsAverage Volume778,897 shsMarket Capitalization$5.31 billionP/E Ratio7.80Dividend Yield2.62%Price TargetN/A Stock AnalysisStock Analysis Get CIT Group alerts: Email Address CIT Group MarketRank™ Stock AnalysisAnalyst RatingN/AUpside/DownsideN/AShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainability-0.33Upright™ Environmental ScoreNews Sentiment0.24Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth-38.62%From $7.51 to $4.61 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.52 out of 5 starsFinance Sector737th out of 898 stocksNational Commercial Banks Industry74th out of 88 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for CIT Group.Read more about CIT Group's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CIT. Previous Next 2.5 Dividend Strength Dividend YieldCIT Group pays a meaningful dividend of 2.62%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCIT Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of CIT Group is 20.41%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, CIT Group will have a dividend payout ratio of 30.37% next year. This indicates that CIT Group will be able to sustain or increase its dividend.Read more about CIT Group's dividend. Previous Next 3.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCIT Group has received a 45.19% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Mortgages", "Commercial deposit accounts", and "Installment loans for corporations" products. See details.Environmental SustainabilityThe Environmental Impact score for CIT Group is -0.33. Previous Next 1.1 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 4 news articles for CIT Group this week, compared to 3 articles on an average week.Search Interest4 people have searched for CIT on MarketBeat in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CIT Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.65% of the stock of CIT Group is held by insiders.Percentage Held by Institutions91.20% of the stock of CIT Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about CIT Group's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for CIT Group are expected to decrease by -38.62% in the coming year, from $7.51 to $4.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CIT Group is 7.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of CIT Group is 7.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.14.Price to Book Value per Share RatioCIT Group has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Weiss RatingsNvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.Find out details on these three critical Nvidia partners immediately. About CIT Group Stock (NYSE:CIT)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.Read More Ad Weiss RatingsNvidia’s Quiet $1 Trillion PivotNvidia recently added $277 billion in market cap … IN ONE DAY.Find out details on these three critical Nvidia partners immediately. CIT Stock News HeadlinesJuly 26 at 5:20 AM | msn.com‘Silent Killer’ takes a toll in Memphis, Shelby CountyJuly 24 at 2:13 AM | msn.comMan Vs. Machine: Benefits of Investing in a CIT Instead of a Mutual Fund in 401(k)July 26, 2024 | American Hartford Gold Group (Ad)Prepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 23 at 9:11 PM | businessinsider.comCIT Savings Account Review 2024: Pros, Cons and AlternativesJuly 21, 2024 | fool.comCIT Savings Connect Review: High APY, Low-Fee Account for Online SaversJuly 8, 2024 | financialpost.comRuling could permit a new reservoir for the water-starved Panama Canal, but it could take 6 yearsJune 27, 2024 | financialpost.comMexico’s incoming president appoints expert in sustainable development as head of energyJune 20, 2024 | financialpost.comMaritime Launch Services Receives Infrastructure Reimbursement Program Approval from the Province of Nova Scotia for the Construction of a $30M Satellite Processing Facility at Spaceport Nova ScotiaJuly 26, 2024 | American Hartford Gold Group (Ad)Prepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.June 1, 2024 | financialpost.comNational Skills Champions are Honoured at the Skills Canada National Competition 2024, in QuébecMay 29, 2024 | msn.comCork City South West — constituency profile: 17 candidates for seven seatsMay 28, 2024 | msn.comWho is Paramore, the opening act for Taylor Swift's concert at the Bernabeu?May 27, 2024 | msn.comConstituency profile - Cork City South West: Retirements make for intriguing election raceMay 27, 2024 | msn.comArtists win $1K from T-shirt at ClearWater Arts Center & StudiosMay 24, 2024 | msn.comInvestigative Group Confirms Ukrainian Missile Strike Sank Russian Cyclone-Class Corvette in Black SeaMay 22, 2024 | incomeinvestors.comAltria Stock a Value 8.6%-Yielder With a Long Dividend StreakMay 22, 2024 | msn.comHow to lower your car insurance rate for JuneMay 22, 2024 | markets.businessinsider.comAmphenol’s Growth and Investor Appeal Bolstered by CIT Acquisition and Stock Split: Buy Rating AffirmedSee More Headlines Receive CIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CIT Group and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings10/25/2021Today7/26/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry National Commercial Banks Sub-IndustryRegional Banks Current SymbolNYSE:CIT CUSIP12558180 CIK1171825 Webwww.cit.com Phone(212) 461-5200Fax212-461-5200Employees4,163Year Founded1908Profitability EPS (Most Recent Fiscal Year)$6.86 Trailing P/E Ratio7.80 Forward P/E Ratio7.12 P/E GrowthN/ANet Income$-615,300,000.00 Net Margins23.98% Pretax Margin32.41% Return on Equity15.12% Return on Assets1.47% Debt Debt-to-Equity Ratio0.75 Current Ratio0.93 Quick Ratio0.93 Sales & Book Value Annual Sales$3.15 billion Price / Sales1.68 Cash Flow$8.56 per share Price / Cash Flow6.25 Book Value$52.75 per share Price / Book1.01Miscellaneous Outstanding Shares99,170,000Free Float98,525,000Market Cap$5.31 billion OptionableOptionable Beta1.48 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesEllen Rose AlemanyChairman, President & Chief Executive OfficerDenise M. MenellyExecutive VP, Head-Technology & OperationsJohn J. FawcettChief Financial Officer & Executive Vice PresidentAlla WhitstonChief Technology OfficerEdward K. SperlingChief Accounting Officer, EVP & ControllerKey CompetitorsRegions FinancialNYSE:RFKeyCorpNYSE:KEYEast West BancorpNASDAQ:EWBCFirst HorizonNYSE:FHNWestern Alliance BancorporationNYSE:WALView All Competitors CIT Stock Analysis - Frequently Asked Questions How were CIT Group's earnings last quarter? CIT Group Inc. (NYSE:CIT) announced its quarterly earnings data on Monday, October, 25th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.39. CIT Group's quarterly revenue was down 8.9% on a year-over-year basis. Does CIT Group have any subsidiaries? The following companies are subsidiaries of CIT Group: OneWest Bank N.A, 1143986 Ontario Limited, 1244771 Ontario Limited, 3918041 Canada Inc., 544211 Alberta Ltd., 555565 Alberta Ltd., 555566 Alberta Ltd., and more. What other stocks do shareholders of CIT Group own? Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Kinder Morgan (KMI). This page (NYSE:CIT) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. 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