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NYSE:CITCIT Group Stock Price, Forecast & News

$19.60
+0.13 (+0.67 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$19.48
Now: $19.60
$20.89
50-Day Range
$14.27
MA: $20.60
$27.54
52-Week Range
$12.02
Now: $19.60
$52.67
Volume1.72 million shs
Average Volume3.57 million shs
Market Capitalization$1.93 billion
P/E RatioN/A
Dividend Yield7.14%
Beta1.91
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 offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring, receivables management products, and secured supply chain financing; equipment leasing and secured financing to railroads and non-rail companies; equipment financing to small businesses. The Consumer Banking segment provides deposits, including checking and savings accounts, money market, and individual retirement accounts; time deposits and certificates of deposit; and offers residential mortgage and small business administration loans, as well as fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.41 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.29 billion
Cash Flow$9.12 per share
Book Value$61.38 per share

Profitability

Net Income$529.90 million

Miscellaneous

Employees3,609
Market Cap$1.93 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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CIT Group (NYSE:CIT) Frequently Asked Questions

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 reached pandemic status according to the World Health Organization. Since then, CIT shares have decreased by 17.2% and is now trading at $19.60. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of CIT Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CIT Group in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CIT Group.

When is CIT Group's next earnings date?

CIT Group is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for CIT Group.

How were CIT Group's earnings last quarter?

CIT Group Inc. (NYSE:CIT) posted its quarterly earnings results on Tuesday, April, 21st. The financial services provider reported ($2.43) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.83 by $3.26. The financial services provider had revenue of $496 million for the quarter, compared to analysts' expectations of $492.99 million. CIT Group had a positive return on equity of 2.77% and a negative net margin of 6.87%. The company's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.18 EPS. View CIT Group's earnings history.

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

CIT Group announced a quarterly dividend on Thursday, April 16th. Stockholders of record on Friday, May 8th will be paid a dividend of $0.35 per share on Friday, May 22nd. This represents a $1.40 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Thursday, May 7th. View CIT Group's dividend history.

What price target have analysts set for CIT?

6 analysts have issued 12 month target prices for CIT Group's shares. Their forecasts range from $26.00 to $54.00. On average, they anticipate CIT Group's share price to reach $35.67 in the next twelve months. This suggests a possible upside of 82.0% from the stock's current price. View analysts' price targets for CIT Group.

Has CIT Group been receiving favorable news coverage?

Press coverage about CIT stock has trended negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CIT Group earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about CIT Group.

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 Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Walt Disney (DIS), Kinder Morgan (KMI), Delta Air Lines (DAL), Boeing (BA), AT&T (T), Citigroup (C), Carnival (CCL) and United Technologies (UTX).

Who are CIT Group's key executives?

CIT Group's management team includes the following people:
  • Ms. Ellen R. Alemany, Chairwoman & CEO (Age 63)
  • Mr. John J. Fawcett, Exec. VP & CFO (Age 60)
  • Ms. Denise M. Menelly, Exec. VP & Head of Technology and Operations (Age 57)
  • Mr. James L. Hudak, Pres of Commercial Fin. (Age 55)
  • Mr. Steven Solk, Pres of Consumer Banking (Age 64)

What is CIT Group's stock symbol?

CIT Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CIT."

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 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 $19.60.

How big of a company is CIT Group?

CIT Group has a market capitalization of $1.93 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 7/5/2020 by MarketBeat.com Staff

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