S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91
S&P 500   4,577.10
DOW   34,639.79
QQQ   389.91

CIT Group Stock Forecast, Price & News

+0.49 (+1.02%)
(As of 12/2/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
336,724 shs
Average Volume
761,939 shs
Market Capitalization
$4.80 billion
P/E Ratio
Dividend Yield
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.


See More Headlines

Industry, Sector and Symbol

National commercial banks
Regional Banks
Year Founded

Sales & Book Value

Annual Sales
$3.15 billion
Cash Flow
$7.80 per share
Book Value
$52.75 per share


Net Income
$-615.30 million
Pretax Margin




Free Float
Market Cap
$4.80 billion

Company Calendar

Last Earnings
Dividend Payable
Fiscal Year End
Next Earnings (Estimated)

Social Links


Overall MarketRank

2.62 out of 5 stars

Finance Sector

231st out of 1,340 stocks

National Commercial Banks Industry

22nd out of 108 stocks

Analyst Opinion: 2.3Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -

CIT Group (NYSE:CIT) Frequently Asked Questions

Is CIT Group a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CIT Group in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CIT Group stock.
View analyst ratings for CIT Group
or view top-rated stocks.

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

CIT Group's stock was trading at $23.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CIT shares have increased by 104.5% and is now trading at $48.43.
View which stocks have been most impacted by COVID-19

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) announced its quarterly 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 had revenue of $432 million for the quarter, compared to analysts' expectations of $447.50 million. CIT Group had a net margin of 23.98% and a trailing twelve-month return on equity of 15.12%. The business's quarterly revenue was down 8.9% on a year-over-year basis. During the same period last year, the business posted $0.84 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 Monday, October 18th. Shareholders 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 dividend yield of 2.89%. The ex-dividend date of this dividend 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 2.92%. The dividend payout ratio of CIT Group is 20.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CIT Group will have a dividend payout ratio of 31.39% 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?

2 brokerages have issued 1 year price objectives for CIT Group's shares. Their forecasts range from $52.00 to $62.00. On average, they anticipate CIT Group's share price to reach $56.00 in the next year. This suggests a possible upside of 15.6% from the stock's current price.
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), 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 retail and institutional investors. Top institutional investors include BlackRock Inc. (11.59%), Lord Abbett & CO. LLC (4.41%), Egerton Capital UK LLP (3.77%), Fuller & Thaler Asset Management Inc. (3.54%), Dimensional Fund Advisors LP (3.19%) and Hotchkis & Wiley Capital Management LLC (3.12%). Company insiders that own CIT Group stock include Alan L Frank, Edward K Sperling, Ellen R Alemany, John J Fawcett, Marisa Harney, Michael L Brosnan, Robert C Rubino, Sheila A Stamps, Steve Solk and Wahida Plummer.
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 Healthcare of Ontario Pension Plan Trust Fund, Morgan Stanley, BlackRock Inc., Two Sigma Advisers LP, Citigroup Inc., Jane Street Group LLC, Barclays PLC, and BNP Paribas Arbitrage SA. Company insiders that have sold CIT Group company stock in the last year include Edward K Sperling, John J Fawcett, Marisa Harney, Michael L Brosnan, Sheila A Stamps, Steve Solk, and Wahida Plummer.
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 acquired by a variety of institutional investors in the last quarter, including Egerton Capital UK LLP, Wellington Management Group LLP, Alberta Investment Management Corp, Allianz Asset Management GmbH, SG Americas Securities LLC, Hudson Bay Capital Management LP, Goldman Sachs Group Inc., and Millennium Management LLC. Company insiders that have bought CIT Group stock in the last two years include Alan L Frank, 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 $48.43.

How much money does CIT Group make?

CIT Group has a market capitalization of $4.80 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 $6.86 on an earnings per share basis.

How many employees does CIT Group have?

CIT Group 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.

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, via email at [email protected], or via fax at 212-461-5200.

This page was last updated on 12/3/2021 by MarketBeat.com Staff


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