S&P 500   3,841.47 (-0.30%)
DOW   30,996.98 (-0.57%)
QQQ   325.42 (-0.29%)
AAPL   139.07 (+1.61%)
MSFT   225.95 (+0.44%)
FB   274.50 (+0.60%)
GOOGL   1,892.56 (+0.45%)
AMZN   3,292.23 (-0.45%)
TSLA   846.64 (+0.20%)
NVDA   548.50 (-1.12%)
BABA   258.62 (-0.53%)
CGC   33.80 (+0.72%)
GE   11.11 (+0.36%)
MU   82.28 (-3.21%)
AMD   92.79 (+1.38%)
NIO   61.95 (+6.19%)
T   28.93 (+0.35%)
F   11.52 (-0.09%)
ACB   10.65 (-4.66%)
BA   205.84 (-0.76%)
DIS   172.78 (+0.88%)
NFLX   565.17 (-2.53%)
GILD   66.94 (-0.06%)
S&P 500   3,841.47 (-0.30%)
DOW   30,996.98 (-0.57%)
QQQ   325.42 (-0.29%)
AAPL   139.07 (+1.61%)
MSFT   225.95 (+0.44%)
FB   274.50 (+0.60%)
GOOGL   1,892.56 (+0.45%)
AMZN   3,292.23 (-0.45%)
TSLA   846.64 (+0.20%)
NVDA   548.50 (-1.12%)
BABA   258.62 (-0.53%)
CGC   33.80 (+0.72%)
GE   11.11 (+0.36%)
MU   82.28 (-3.21%)
AMD   92.79 (+1.38%)
NIO   61.95 (+6.19%)
T   28.93 (+0.35%)
F   11.52 (-0.09%)
ACB   10.65 (-4.66%)
BA   205.84 (-0.76%)
DIS   172.78 (+0.88%)
NFLX   565.17 (-2.53%)
GILD   66.94 (-0.06%)
S&P 500   3,841.47 (-0.30%)
DOW   30,996.98 (-0.57%)
QQQ   325.42 (-0.29%)
AAPL   139.07 (+1.61%)
MSFT   225.95 (+0.44%)
FB   274.50 (+0.60%)
GOOGL   1,892.56 (+0.45%)
AMZN   3,292.23 (-0.45%)
TSLA   846.64 (+0.20%)
NVDA   548.50 (-1.12%)
BABA   258.62 (-0.53%)
CGC   33.80 (+0.72%)
GE   11.11 (+0.36%)
MU   82.28 (-3.21%)
AMD   92.79 (+1.38%)
NIO   61.95 (+6.19%)
T   28.93 (+0.35%)
F   11.52 (-0.09%)
ACB   10.65 (-4.66%)
BA   205.84 (-0.76%)
DIS   172.78 (+0.88%)
NFLX   565.17 (-2.53%)
GILD   66.94 (-0.06%)
S&P 500   3,841.47 (-0.30%)
DOW   30,996.98 (-0.57%)
QQQ   325.42 (-0.29%)
AAPL   139.07 (+1.61%)
MSFT   225.95 (+0.44%)
FB   274.50 (+0.60%)
GOOGL   1,892.56 (+0.45%)
AMZN   3,292.23 (-0.45%)
TSLA   846.64 (+0.20%)
NVDA   548.50 (-1.12%)
BABA   258.62 (-0.53%)
CGC   33.80 (+0.72%)
GE   11.11 (+0.36%)
MU   82.28 (-3.21%)
AMD   92.79 (+1.38%)
NIO   61.95 (+6.19%)
T   28.93 (+0.35%)
F   11.52 (-0.09%)
ACB   10.65 (-4.66%)
BA   205.84 (-0.76%)
DIS   172.78 (+0.88%)
NFLX   565.17 (-2.53%)
GILD   66.94 (-0.06%)
Log in
NYSE:CIT

CIT Group Stock Forecast, Price & News

$39.73
+0.22 (+0.56 %)
(As of 01/22/2021 05:06 PM ET)
Add
Compare
Today's Range
$38.71
Now: $39.73
$39.76
50-Day Range
$35.00
MA: $37.99
$40.64
52-Week Range
$12.02
Now: $39.73
$48.96
Volume722,088 shs
Average Volume843,549 shs
Market Capitalization$3.91 billion
P/E RatioN/A
Dividend Yield3.54%
Beta1.61
CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.
CIT Group logo

MarketRank

Overall MarketRank

1.73 out of 5 stars

Finance Sector

455th out of 1,934 stocks

National Commercial Banks Industry

56th out of 164 stocks

Analyst Opinion: 1.1Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP12558180
Phone212-461-5200
Employees3,609

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.29 billion
Cash Flow$9.11 per share
Book Value$61.38 per share

Profitability

Net Income$529.90 million

Miscellaneous

Market Cap$3.91 billion
Next Earnings Date1/26/2021 (Confirmed)
OptionableOptionable
$39.73
+0.22 (+0.56 %)
(As of 01/22/2021 05:06 PM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive CIT News and Ratings via Email

Sign-up to receive the latest news and ratings for CIT and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











CIT Group (NYSE:CIT) Frequently Asked Questions

How has CIT Group's stock 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 67.8% and is now trading at $39.73.
View which stocks have been most impacted by COVID-19
.

Is CIT Group a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CIT Group in the last year. There are currently 8 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 MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than CIT Group?

Wall Street analysts have given CIT Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CIT Group wasn't one of them. MarketBeat thinks these five stocks 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 26th 2021.
View our earnings forecast for CIT Group
.

How were CIT Group's earnings last quarter?

CIT Group Inc. (NYSE:CIT) posted its earnings results on Friday, October, 16th. The financial services provider reported $0.84 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.70. The financial services provider had revenue of $474 million for the quarter, compared to analyst estimates of $448.08 million. CIT Group had a negative net margin of 16.59% and a negative trailing twelve-month return on equity of 1.46%. CIT Group's revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share.
View CIT Group's earnings history
.

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

CIT Group declared a quarterly dividend on Friday, January 22nd. Stockholders of record on Friday, February 5th will be given a dividend of $0.35 per share on Friday, February 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.52%.
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 3.54%. The dividend payout ratio of CIT Group is 27.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIT Group will have a dividend payout ratio of 49.30% next year. This indicates that CIT Group will be able to sustain or increase its dividend.
View CIT Group's dividend history.

What price target have analysts set for CIT?

9 analysts have issued 1-year target prices for CIT Group's shares. Their forecasts range from $24.00 to $54.00. On average, they expect CIT Group's share price to reach $35.83 in the next twelve months. This suggests that the stock has a possible downside of 9.8%.
View analysts' price targets for CIT Group
or view Wall Street analyst' top-rated stocks.

Who are some of CIT Group's key competitors?

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).

Who are CIT Group's key executives?

CIT Group's management team includes the following people:
  • Ms. Ellen R. Alemany, Chairwoman & CEO (Age 65, Pay $3.34M)
  • Mr. John J. Fawcett, Exec. VP & CFO (Age 62, Pay $2.16M)
  • Mr. Philip Curtice Robbins, Pres of Asset Management & Capital Markets
  • Mr. David M. Harnisch, Pres of Commercial Fin. & Real Estate
  • Ms. Denise M. Menelly, Exec. VP and Head of Technology & Operations (Age 59)
  • Ms. Alla Whitston, Chief Technology Officer
  • Ms. Barbara A. Callahan, Sr. VP & Head of Investor Relations
  • Mr. James R. Hubbard, Exec. VP, Gen. Counsel & Corp. Sec. (Age 62)
  • Ms. Gina M. Proia, Chief Marketing & Communications Officer and Exec. VP (Age 49)
  • Mr. James J. Duffy, Chief HR Officer & Exec. VP (Age 66)

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 investors include Dalton Greiner Hartman Maher & Co. (0.04%), OTA Financial Group L.P. (0.04%), State of Alaska Department of Revenue (0.02%), Pacer Advisors Inc. (0.01%) and Crossmark Global Holdings Inc. (0.01%). Company insiders that own CIT Group stock include Alan L Frank, David Harnisch, Edward K Sperling, Ellen R Alemany, John J Fawcett, Matthew Galligan, Michael L Brosnan, Robert C Rubino and Steve Solk.
View institutional ownership trends for CIT Group
.

Which institutional investors are selling CIT Group stock?

CIT stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Dalton Greiner Hartman Maher & Co., and State of Alaska Department of Revenue.
View insider buying and selling activity for CIT Group
or view top insider-selling stocks.

Which institutional investors are buying CIT Group stock?

CIT stock was purchased by a variety of institutional investors in the last quarter, including OTA Financial Group L.P., and Crossmark Global Holdings Inc.. 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, Robert C Rubino, and Steve Solk.
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.

What is CIT Group's stock price today?

One share of CIT stock can currently be purchased for approximately $39.73.

How big of a company is CIT Group?

CIT Group has a market capitalization of $3.91 billion and generates $3.29 billion in revenue each year. The financial services provider earns $529.90 million in net income (profit) each year or $5.06 on an earnings per share basis. CIT Group employs 3,609 workers across the globe.

What is CIT Group's official website?

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

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 1/22/2021 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.