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CIT Group Inc. (CIT)

Stock Price: $50.58 USD -1.88 (-3.58%)
Updated May 10, 2021 4:00 PM EDT - Market closed
Market Cap 5.14B
Revenue (ttm) 2.31B
Net Income (ttm) 282.70M
Shares Out 98.81M
EPS (ttm) 2.86
PE Ratio 17.67
Forward PE 8.76
Dividend $1.40
Dividend Yield 2.77%
Trading Day May 10
Last Price $50.58
Previous Close $52.46
Change ($) -1.88
Change (%) -3.58%
Day's Open 52.35
Day's Range 50.57 - 52.96
Day's Volume 784,720
52-Week Range 11.77 - 55.51

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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...

20 hours 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...

4 days 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...

6 days ago - PRNewsWire

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

1 week 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...

1 week 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.

1 week 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...

2 weeks 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...

2 weeks 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 weeks 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 weeks 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...

1 month 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...

1 month 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...

1 month 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...

1 month ago - PRNewsWire

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

1 month 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...

1 month 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"...

1 month 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...

2 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
2 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...

2 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...

2 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
3 months ago - PRNewsWire

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

3 months ago - Zacks Investment Research

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.

3 months ago - Benzinga

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) and Capital...

Other stocks mentioned: AXP, COF, NAVI
3 months ago - Zacks Investment Research

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 outstanding common ...

3 months ago - PRNewsWire

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
3 months ago - GuruFocus

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 First Cit...

4 months ago - PRNewsWire

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 Blessed stocks ...

Other stocks mentioned: AAPL, BXS, CADE, GS, HBAN, KO, MRK ...
4 months ago - Seeking Alpha

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
4 months ago - The Motley Fool

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 potential violat...

4 months ago - PRNewsWire

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 the support...

4 months ago - PRNewsWire

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 business. Jenning...

4 months ago - PRNewsWire

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
4 months ago - Seeking Alpha

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 Coso Geoth...

4 months ago - PRNewsWire

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 million senio...

5 months ago - PRNewsWire

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 million senior ...

5 months ago - PRNewsWire

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

5 months ago - Zacks Investment Research

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 federal secu...

5 months ago - PRNewsWire

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 joint boo...

5 months ago - PRNewsWire

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 fight agains...

6 months ago - PRNewsWire

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 York City...

6 months ago - PRNewsWire

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
6 months ago - The Motley Fool

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 crunched the dat...

Other stocks mentioned: MAC, MPC, REG, SAVE
6 months ago - Forbes

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 of the Nort...

6 months ago - PRNewsWire

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 concerning the pro...

Other stocks mentioned: FCNCA
6 months ago - Newsfile Corp

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

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

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

6 months ago - The Motley Fool

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

6 months ago - Zacks Investment Research

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 "Company")...

6 months ago - PRNewsWire

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
4,048
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 54.80, which is an increase of 8.34% from the latest price.

Price Target
$54.80
(8.34% upside)
Analyst Consensus: Hold