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CIT Group Inc. (CIT)

Stock Price: $47.97 USD 0.77 (1.63%)
Updated Mar 3, 2021 4:00 PM EST - Market closed
After-hours: $47.90 -0.07 (-0.15%) Mar 3, 7:50 PM
Market Cap 4.74B
Revenue (ttm) 1.62B
Net Income (ttm) -646.40M
Shares Out 98.41M
EPS (ttm) -6.57
PE Ratio n/a
Forward PE 13.16
Dividend $1.40
Dividend Yield 2.92%
Trading Day March 3
Last Price $47.97
Previous Close $47.20
Change ($) 0.77
Change (%) 1.63%
Day's Open 47.71
Day's Range 47.21 - 49.39
Day's Volume 904,903
52-Week Range 11.30 - 49.39

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GuruFocus - 6 days ago

Michael Price ( Trades , Portfolio ), founder of MFP Investors LLC, has revealed his portfolio for the fourth quarter of 2020. The top trades of the quarter include reductions in top holdings ...

Other stocks mentioned: BG, DLB, FE, GRA, INTC, SANW, TWTR
PRNewsWire - 1 week ago

NEW YORK, Feb. 18, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.4 million in financing for the construction of the new apa...

PRNewsWire - 2 weeks ago

NEW YORK, Feb. 11, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as a co-lead arranger on a $93.3 million financing for a portfolio ...

PRNewsWire - 3 weeks ago

RALEIGH, N.C. and NEW YORK, Feb. 9, 2021 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT ...

Other stocks mentioned: FCNCA
Zacks Investment Research - 1 month ago

CIT Group (CIT) witnesses improvement in revenues along with a rise in expenses in the fourth quarter of 2020.

Benzinga - 1 month ago

CIT Group (NYSE:CIT) will be releasing its next round of earnings this Tuesday, January 26. For all of the relevant information, here is your guide for Tuesday's Q4 earnings announcement.

Zacks Investment Research - 1 month ago

Finance Stocks' Q4 earnings are expected to have gained from relatively higher usage of credit cards amid lower rates. Let's check how American Express (AXP), Navient (NAVI), CIT Group (CIT) a...

Other stocks mentioned: AXP, COF, NAVI
PRNewsWire - 1 month ago

NEW YORK, Jan. 22, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstandi...

GuruFocus - 1 month ago

According to the GuruFocus All-in-One Screener as of Jan. 21, the following banks are popular among gurus.

Other stocks mentioned: PFSI, STL, WTFC, UMPQ
PRNewsWire - 1 month ago

NEW YORK, Jan. 10, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE:CIT) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of CIT to...

Seeking Alpha - 2 months ago

Barron's published 36 unique stock mentions and recommendations for 2021 into recent weekly issues. Barron's staff writers Andrew Bary and Lawrence C Strauss contributed. The 36 Barron's Bless...

Other stocks mentioned: AAPL, BXS, CADE, GS, HBAN, KO, MRK, NEM, PB, PNC, RF, STAY, TCF, WH
The Motley Fool - 2 months ago

The three big regional bank acquisitions of 2020 saw lots of EPS accretion, cost savings, and geographic diversity.

Other stocks mentioned: BBVA, FCNCA, HBAN, JPM, PNC, TCF
PRNewsWire - 2 months ago

NEW YORK, Dec. 19, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: CIT Group Inc. (NYSE: CIT) concerning potent...

PRNewsWire - 2 months ago

NEW YORK, Dec. 16, 2020 /PRNewswire/ -- CIT Group Inc's (NYSE: CIT) annual partnership with Feeding America® has helped provide Two Million Meals1 to people in need this holiday season. With t...

PRNewsWire - 2 months ago

NEW YORK, Dec. 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that it has hired Vicki Jennings, Nicole Skaro and Jolen Zeroski in its Community Association Banking busines...

Seeking Alpha - 2 months ago

Huntington Bancshares is merging with TCF Financial Corp. to form a bank with $170 billion in assets, moving ahead in order to build scale and develop technological platform.

Other stocks mentioned: CFG, FITB, HBAN, JPM, PNC, TCF
PRNewsWire - 2 months ago

NEW YORK, Dec. 14, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $323 million refinancing of the ...

PRNewsWire - 3 months ago

NEW YORK, Dec. 2, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $20 mil...

PRNewsWire - 3 months ago

NEW YORK, Dec. 1, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance group, part of the company's Commercial Finance division, has arranged a $75 milli...

Zacks Investment Research - 3 months ago

CIT (CIT) reported earnings 30 days ago. What's next for the stock?

PRNewsWire - 3 months ago

NEW YORK, Nov. 12, 2020 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating: CIT Group Inc. (NYSE: CIT) concerning potential violations of the fe...

PRNewsWire - 3 months ago

NEW YORK, Nov. 12, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Sponsor Finance business, part of the Commercial Finance division, served as joint lead arranger and...

PRNewsWire - 3 months ago

NEW YORK, Nov. 10, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the start of its annual partnership with Feeding America® and this year, will double its commitment in the fi...

PRNewsWire - 3 months ago

NEW YORK, Nov. 9, 2020 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New...

The Motley Fool - 3 months ago

Bank CEOs seem ready to start looking at mergers and acquisitions, but the sellers may still want to wait until the economic outlook improves.

Other stocks mentioned: BLK, CBU, FCNCA, INDB, PNC
Forbes - 4 months ago

The markets' sharp downturn for the week continued today with indices sharply selling off for the third day in a row. While sentiment is mixed at best, our deep learning algorithms have crunch...

Other stocks mentioned: MAC, MPC, REG, SAVE
PRNewsWire - 4 months ago

NEW YORK, Oct. 28, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan for the acquisition o...

Newsfile Corp - 4 months ago

New York, New York--(Newsfile Corp. - October 21, 2020) - Rowley Law PLLC is investigating potential securities law violations by CIT Group Inc. (NYSE: CIT) and its board of directors concerni...

Other stocks mentioned: FCNCA
The Motley Fool - 4 months ago

After the deal was announced, shares of both banks soared.

Other stocks mentioned: FCNCA
The Motley Fool - 4 months ago

It's amazing what a thunderous earnings beat can do for a stock.

Zacks Investment Research - 4 months ago

CIT Group (CIT) witnesses improvement in revenues along with a rise in provisions and expenses in the third quarter of 2020.

PRNewsWire - 4 months ago

NEW YORK, Oct. 16, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CIT Group Inc. ("CIT" or the ...

Forbes - 4 months ago

Shares of First Citizens are surging 12% on news of the $2.2 billion deal.

Other stocks mentioned: FCNCA
Newsfile Corp - 4 months ago

New York, New York--(Newsfile Corp. - October 16, 2020) -  The following statement is being issued by Levi & Korsinsky, LLP:To: All Persons or Entities who purchased CIT Group Inc. ("CIT Group...

24/7 Wall Street - 4 months ago

Friday's reporting about CIT Group Inc. (NYSE: CIT) was supposed to be all about how the lender's earnings were looking.

Other stocks mentioned: FCNCA
InvestorPlace - 4 months ago

CIT Group (CIT) stock is taking off on Friday following news that the company is merging with First Citizens (FCNCA) in 2021. The post CIT Group Stock Shoots Higher 29% on First Citizens Merge...

Other stocks mentioned: FCNCA
The Motley Fool - 4 months ago

The regional bank's shareholders just got some big news.

Other stocks mentioned: FCNCA
PRNewsWire - 4 months ago

MILWAUKEE, Oct. 16, 2020 /PRNewswire/ -- Ademi LLP is investigating CIT Group (NYSE: CIT) for possible breaches of fiduciary duty and other violations of the law in its transaction with First ...

Other stocks mentioned: FCNCA
The Motley Fool - 4 months ago

The deal will create the 19th largest bank in the U.S., spread across many geographic markets.

Other stocks mentioned: FCNCA
PRNewsWire - 4 months ago

SAN DIEGO, Oct. 16, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of CIT Group Inc. (NYSE: CIT) ("CIT") brea...

Business Wire - 4 months ago

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of CIT Group Inc. (NYSE: CIT) to First Citizens BancShares, Inc. is fair to CI...

Zacks Investment Research - 4 months ago

CIT (CIT) delivered earnings and revenue surprises of 500.00% and 11.53%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 4 months ago

NEW YORK, Oct. 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its third quarter 2020 financial results. View the full press release. The news release is available via CIT'...

PRNewsWire - 4 months ago

RALEIGH, N.C. and NEW YORK, Oct. 16, 2020 /PRNewswire/ -- First Citizens BancShares, Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT...

Other stocks mentioned: FCNCA
Zacks Investment Research - 4 months ago

CIT (CIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PRNewsWire - 4 months ago

NEW YORK, Oct. 9, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it plans to issue its third quarter 2020 financial results on Tuesday, Oct. 20, 2020 at 6:30 a.m. ET via PR Ne...

PRNewsWire - 4 months ago

COLUMBIA, S.C., Oct. 7, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) Chairwoman and Chief Executive Officer Ellen R. Alemany has received the Leadership Legacy Award from the Center for Exe...

Forbes - 4 months ago

Markets closed last week higher for the second week in a row, yet ended the week down amid news of President Trump and the first lady testing positive for the coronavirus. For investors lookin...

Other stocks mentioned: CVX, EXPE, PINS, SABR
Zacks Investment Research - 5 months ago

Increasing costs and deteriorating credit quality are expected to hurt CIT Group's (CIT) profitability.

PRNewsWire - 5 months ago

NEW YORK, Sept. 30, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business served as agent and sole lender on a $75 million revolving credit faci...

About CIT

CIT Group 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 manag... [Read more...]

Industry
Banks-Regional
Founded
1908
CEO
Ellen Alemany
Employees
4,085
Stock Exchange
NYSE
Ticker Symbol
CIT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecasts

According to 5 analysts, the average rating for CIT Group stock is "Hold." The 12-month stock price forecast is 39.33, which is a decrease of -18.01% from the latest price.

Price Target
$39.33
(-18.01% downside)
Analyst Consensus: Hold