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CIT Group Inc. (CIT)

Stock Price: $48.24 USD -0.49 (-1.01%)
Updated Jul 30, 2021 4:00 PM EDT - Market closed
Market Cap 4.78B
Revenue (ttm) 2.31B
Net Income (ttm) 282.70M
Shares Out 98.81M
EPS (ttm) 6.00
PE Ratio 8.03
Forward PE 6.32
Dividend $1.40
Dividend Yield 2.90%
Trading Day July 30
Last Price $48.24
Previous Close $48.73
Change ($) -0.49
Change (%) -1.01%
Day's Open 48.29
Day's Range 47.72 - 49.35
Day's Volume 638,684
52-Week Range 15.12 - 55.11

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NEW YORK, July 28, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as lead arranger of $100 million in financing for Cornerstone Healthcare Gr...

4 days ago - PRNewsWire

Shares of CIT Group (NYSE:CIT) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 437.10% year over year to $2.09, which beat the estimate of $0.90.

5 days ago - Benzinga

NEW YORK , July 27, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its second quarter 2021 financial results. View the full press release.

5 days ago - PRNewsWire

On Tuesday, July 27, CIT Group (NYSE:CIT) will release its latest earnings report. Benzinga's outlook for CIT Group is included in the following report.

6 days ago - Benzinga

CIT Group (CIT) has been struggling lately, but the selling pressure may be coming to an end soon

6 days ago - Zacks Investment Research

NEW YORK, July 21, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC. Depot Properties i...

1 week ago - PRNewsWire

CIT (CIT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

1 week ago - Zacks Investment Research

NEW YORK, July 20, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its second quarter 2021 financial results on Tuesday, July 27, 2021. The press release will be issued at ...

1 week ago - PRNewsWire

NEW YORK, July 19, 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 outstanding common ...

1 week ago - PRNewsWire

We have narrowed down our search to five stocks that witnessed robust earnings estimate revisions within the last 30 days and have strong upside left for the rest of 2021. These are: CFG, CIT, CINF, IP ...

Other stocks mentioned: CFG, CINF, COP, IP
2 weeks ago - Zacks Investment Research

RALEIGH, N.C. and NEW YORK, July 14, 2021 /PRNewswire/ -- First Citizens BancShares Inc. (NASDAQ: FCNCA) ("First Citizens"), the parent company of First-Citizens Bank & Trust Company, and CIT Group Inc....

Other stocks mentioned: FCNCA
2 weeks ago - PRNewsWire

NEW YORK, July 13, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane ...

2 weeks ago - PRNewsWire

Top Ranked Income Stocks to Buy for July 8th

Other stocks mentioned: BBY, BCH, SIMO
3 weeks ago - Zacks Investment Research

NEW YORK, June 24, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dyn...

1 month ago - PRNewsWire

NEW YORK, June 22, 2021 /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 $30 million cred...

1 month ago - PRNewsWire

NEW YORK, June 17, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $42.8 million in financing for the acquisition of a recently built apart...

1 month ago - PRNewsWire

NEW YORK, June 15, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $33.2 million loan to finance the acquisition of...

1 month ago - PRNewsWire

CIT Group (CIT) is selling its aviation loan portfolio to KKR & Co.

1 month ago - Zacks Investment Research

NEW YORK, June 11, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it is selling its aviation loan portfolio to KKR. This is related to a previously announced definitive agreement for a ...

1 month ago - PRNewsWire

NEW YORK, June 10, 2021 /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 $17.4 million cr...

1 month ago - PRNewsWire

While elevated costs are expected to hurt CIT Group's (CIT) bottom line, its efforts to diversify revenues remain impressive.

1 month ago - Zacks Investment Research

NEW YORK, June 8, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business served as agent and sole lender on a loan and revolving credit facility for GEE Gr...

1 month ago - PRNewsWire

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

2 months ago - Zacks Investment Research

NEW YORK, May 27, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger for approximately $200 million in financing for ...

2 months ago - PRNewsWire

Is CIT Group (CIT) a great pick from the value investor's perspective right now? Read on to know more.

2 months ago - Zacks Investment Research

NEW YORK, May 13, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided $35.7 million in financing for the construction of a new 17-story multifa...

2 months ago - PRNewsWire

NEW YORK, May 12, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $34.25 million financing for a portfolio of six dry...

2 months ago - PRNewsWire

NEW YORK, May 10, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on a $22 million financing for a portfolio of five conta...

2 months ago - PRNewsWire

NEW YORK, May 6, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $17.4 million loan to finance the acquisition of a...

2 months ago - PRNewsWire

NEW YORK, May 4, 2021 /PRNewswire/ --  CIT Group Inc.  (NYSE: CIT) today announced that it has won two Stevie® Awards for business excellence in the 19th Annual American Business Awards®. The awards inc...

2 months ago - PRNewsWire

Provision benefit and decline in expenses support CIT Group's (CIT) Q1 earnings, while lower revenues hurt.

3 months ago - Zacks Investment Research

NEW YORK, April 28, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on a $84 million financing for a new 140-megaw...

3 months ago - PRNewsWire

NEW YORK, April 28, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its first quarter 2021 financial results. View the full press release.

3 months ago - PRNewsWire

NEW YORK, April 22, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $19.3 million loan to finance the acquisition o...

3 months ago - PRNewsWire

NEW YORK, April 21, 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 outstanding common...

3 months ago - PRNewsWire

NEW YORK, April 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its first quarter 2021 financial results on Wednesday, April 28, 2021. The press release will be issued ...

3 months ago - PRNewsWire

NEW YORK, April 14, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $15.9 million financing for two medical office ...

3 months ago - PRNewsWire

NEW YORK, April 8, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business served as sole lead arranger on a $27 million loan to finance acquisition of a wa...

3 months ago - PRNewsWire

NEW YORK, April 6, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on an $18.5 million loan to finance the acquisition o...

3 months ago - PRNewsWire

NEW YORK, March 31, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance business provided financing for construction of a new 730,000-square-foot logistics cente...

4 months ago - PRNewsWire

NEW YORK, March 30, 2021 /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 $23 million cre...

4 months ago - PRNewsWire

Does CIT Group (CIT) have what it takes to be a top stock pick for momentum investors? Let's find out.

4 months ago - Zacks Investment Research

NEW YORK, March 22, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan to finance the Jefferson Healt...

4 months ago - PRNewsWire

PORTSMOUTH, N.H., March 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Small Business Solutions group has been selected as winner of the "Business Lending Innovation Award"...

4 months ago - PRNewsWire

NEW YORK, March 4, 2021 /PRNewswire/ -- Some Americans are spending more time managing their savings since the start of the COVID-19 pandemic and average seven hours per month managing their finances (e...

4 months ago - PRNewsWire

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 Dolby Labo...

Other stocks mentioned: BG, DLB, FE, GRA, INTC, SANW, TWTR
5 months ago - GuruFocus

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 apartment com...

5 months ago - PRNewsWire

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 of six bat...

5 months ago - PRNewsWire

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 Group Inc....

Other stocks mentioned: FCNCA
5 months ago - PRNewsWire

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

6 months ago - Zacks Investment Research

About CIT

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 ... [Read more...]

Industry
Banks-Regional
Founded
1908
CEO
Ellen Alemany
Employees
3,914
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 55.00, which is an increase of 14.01% from the latest price.

Price Target
$55.00
(14.01% upside)
Analyst Consensus: Hold