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CIT Group Inc. (CIT)

NYSE: CIT · IEX Real-Time Price · USD
49.90 0.78 (1.59%)
Dec 7, 2021 4:00 PM EST - Market closed
Market Cap4.95B
Revenue (ttm)2.77B
Net Income (ttm)684.70M
Shares Out99.17M
EPS (ttm)6.88
PE Ratio7.25
Forward PE10.44
Dividend$1.40 (2.81%)
Ex-Dividend DateOct 28, 2021
Volume390,311
Open49.79
Previous Close49.12
Day's Range49.60 - 50.54
52-Week Range34.77 - 56.62
Beta1.47
AnalystsHold
Price Target52.60 (+5.4%)
Earnings DateOct 26, 2021

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 ...

IndustryBanks
Founded1908
CEOEllen Alemany
Employees3,812
Stock ExchangeNYSE
Ticker SymbolCIT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for CIT Group stock is "Hold." The 12-month stock price forecast is 52.60, which is an increase of 5.41% from the latest price.

Price Target
$52.60
(5.41% upside)
Analyst Consensus: Hold

News

CIT Leads Refinancing of $69 Million Strata Clean Energy Portfolio

NEW YORK, Dec. 2, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated...

5 days ago - PRNewsWire

CIT Serves as Coordinating Lead Arranger for $210 Million Financing for Brazoria West Solar Project in Texas

NEW YORK, Nov. 29, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar...

1 week ago - PRNewsWire

Why Is CIT (CIT) Up 8.9% Since Last Earnings Report?

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

1 week ago - Zacks Investment Research

CIT Debuts Amenities Payment Feature

CIT Group Inc.'s Community Association Banking division has launched a new amenities feature in C-PropertyPay, a secure payment system to help residents and association members pay their dues, rent and ...

3 weeks ago - PYMNTS

CIT Launches Amenities Payment Feature for Community Association Banking Clients

NEW YORK, Nov. 16, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its Community Association Banking division has launched a new amenities feature in C-PropertyPay, a simple, secure paym...

3 weeks ago - PRNewsWire

CIT Northbridge Provides Financing for Baker & Taylor Acquisition

NEW YORK, Nov. 16, 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 senior secured c...

3 weeks ago - PRNewsWire

CIT Arranges Up to $58 Million to Refinance Four Container Ships

NEW YORK, Nov. 8, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business arranged to provide up to $58 million to refinance four container ships operated by L...

4 weeks ago - PRNewsWire

CIT Arranges $55.5 Million Financing for Home Care and Hospice Provider New Day Health Care

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on $55.5 million in financing for New Day Healthcare. ...

1 month ago - PRNewsWire

CIT Serves as Joint Lead Arranger on $1.16 Billion Financing for PRO Unlimited Inc.

NEW YORK, Nov. 2, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending business served as joint lead arranger on a $1.16 billion financing for PRO Unlimited Inc.,...

1 month ago - PRNewsWire

CIT Launches One Million Meals Campaign to Fight Hunger

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced the start of its annual partnership with Feeding America® to help provide One Million Meals 1 to people facing hunger ac...

1 month ago - PRNewsWire

CIT Providing $70 Million in Financing to Maritime Asset Partners

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing ...

1 month ago - PRNewsWire

CIT Serves as Sole Lead Arranger on $67.8 Million Financing for Upstate New York Solar Power and Battery Storage Port...

NEW YORK, Oct. 29, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as sole lead arranger for $67.8 million in financing for construction of the ...

1 month ago - PRNewsWire

CIT Group (CIT) Q3 Earnings Beat, Revenues & Costs Decline Y/Y

CIT Group (CIT) witnesses a decline in revenues and expenses in the third quarter of 2021.

1 month ago - Zacks Investment Research

CIT Announces Third Quarter Financial Results

NEW YORK, Oct. 26, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its third quarter 2021 financial results. View the full press release.

1 month ago - PRNewsWire

CIT Serves as Sole Lead Arranger for Up to $95 Million in Financing for Relaunch of Castle Rock Entertainment

NEW YORK, Oct. 21, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Technology, Media and Telecommunications business served as sole lead arranger and administrative agent on up ...

1 month ago - PRNewsWire

CIT Provides Financing for Heavy Equipment Acquisition

NEW YORK , Oct. 19, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that the Industrial group within its Equipment Finance business has provided about $4.4 million in financing toward th...

1 month ago - PRNewsWire

CIT Declares Dividends

NEW YORK, Oct. 18, 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 month ago - PRNewsWire

CIT Serves as Sole Lead Arranger on $26.5 Million Maritime Financing

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business served as sole lead arranger on $26.5 million in senior secured financing on behalf ...

1 month ago - PRNewsWire

CIT to Announce Third Quarter 2021 Financial Results

NEW YORK, Oct. 12, 2021 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced it will issue its third quarter 2021 financial results on Tuesday, Oct. 26, 2021. The press release will be issued at 8...

1 month ago - PRNewsWire

Americans aren't spooked by Halloween spending, according to CIT Bank survey

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- After the pandemic halted many holiday celebrations and gatherings last year, Americans are excited to safely get back to their favorite Halloween traditions in 20...

2 months ago - PRNewsWire

This Large Bank Merger Just Got Riskier

A deal that would create a bank with more than $100 billion in assets has now been delayed, as the two parties await approval from the Federal Reserve.

Other symbols:FCNCA
2 months ago - The Motley Fool

CIT Group (CIT), First Citizens (FCNCA) Extend Merger Agreement

CIT Group (CIT) and First Citizens (FCNCA) agree to extend their previously announced merger agreement from Oct 15, 2021, to Mar 1, 2022.

Other symbols:FCNCA
2 months ago - Zacks Investment Research

First Citizens, CIT Extend Merger Agreement

RALEIGH, N.C. and NEW YORK, Sept.

Other symbols:FCNCA
2 months ago - PRNewsWire

OneWest Bank to Plant 50,000 Trees Through 'Green Checking' Campaign

PASADENA, Calif., Sept. 23, 2021 /PRNewswire/ -- OneWest Bank, CIT's Southern California retail bank division, today announced that it will plant 50,000 trees in the Sierra Nevada mountains in the Centr...

2 months ago - PRNewsWire

CIT Northbridge Serves as Sole Lead Arranger on $45 Million Credit Facility for MVP Payroll Financing LLC

NEW YORK, Sept. 21, 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 $45 million sen...

2 months ago - PRNewsWire