CIT Group Inc (CIT) Stock Price, Forecast & Analysis
USA - New York Stock Exchange - NYSE:CIT - Common Stock
CIT Key Statistics, Chart & Performance
The current stock price of CIT is 53.5 null. In the past month the price increased by 12.04%. In the past year, price increased by 36.72%.
CIT Latest News, Press Relases and Analysis
CIT Competitors/Peers
Symbol | Company Name | TA | FA | PE | Market Cap |
|---|---|---|---|---|---|
| TFC | TRUIST FINANCIAL CORP | 12.36 | 59.46B | ||
| HBANL | HUNTINGTON BANCSHARES - HBAN 6 7/8 PERP | 18.01 | 40.48B | ||
| HBANM | HUNTINGTON BANCSHARES - HBAN 5.7 PERP | 15.49 | 34.82B | ||
| BBT | BEACON FINANCIAL CORP | 10.96 | 32.66B | ||
| MTB | M & T BANK CORP | 11.76 | 29.35B | ||
| HBANP | HUNTINGTON BANCSHARES - HBAN 4 1/2 PERP | 12.1 | 27.20B | ||
| HBAN | HUNTINGTON BANCSHARES INC | 11.58 | 26.04B | ||
| CFG | CITIZENS FINANCIAL GROUP | 15.31 | 23.48B | ||
| RF | REGIONS FINANCIAL CORP | 11.19 | 22.28B | ||
| EWBC | EAST WEST BANCORP INC | 11.81 | 14.74B | ||
| VLYPN | VALLEY NATIONAL BANCORP - VLY 8 1/4 PERP | 31.43 | 14.37B | ||
| VLYPO | VALLEY NATIONAL BANCORP - VLY 7.8411 PERP | 30.91 | 14.14B |
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About CIT
Company Profile
CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. The company is headquartered in Livingston, New Jersey and currently employs 4,085 full-time employees. The company went IPO on 2002-07-01. The firm provides financing, leasing and advisory services, principally to middle-market companies in a range of industries, primarily in North America. The company also provides banking and related services to commercial and individual customers through its banking subsidiary, CIT Bank, N.A. (the Bank), which includes a regional branch network of approximately 80 branches and its online bank. The firm operates through two segments: Commercial Banking and Consumer Banking. Commercial Banking segment is comprised of four divisions, commercial finance, rail, real estate finance and business capital. Consumer Banking segment includes the consumer and community banking and legacy consumer mortgages (LCM) divisions. Retail banking, consumer lending, community development lending and Small Business Administration (SBA) lending are offerings within consumer and community banking.
Company Info
CIT Group Inc
1 Cit Dr
Livingston NEW JERSEY 10036 US
CEO: Ellen R. Alemany
Employees: 4085
Phone: 19737405000.0
CIT Group Inc / CIT FAQ
What does CIT Group Inc do?
CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. The company is headquartered in Livingston, New Jersey and currently employs 4,085 full-time employees. The company went IPO on 2002-07-01. The firm provides financing, leasing and advisory services, principally to middle-market companies in a range of industries, primarily in North America. The company also provides banking and related services to commercial and individual customers through its banking subsidiary, CIT Bank, N.A. (the Bank), which includes a regional branch network of approximately 80 branches and its online bank. The firm operates through two segments: Commercial Banking and Consumer Banking. Commercial Banking segment is comprised of four divisions, commercial finance, rail, real estate finance and business capital. Consumer Banking segment includes the consumer and community banking and legacy consumer mortgages (LCM) divisions. Retail banking, consumer lending, community development lending and Small Business Administration (SBA) lending are offerings within consumer and community banking.
What is the stock price of CIT Group Inc today?
The current stock price of CIT is 53.5 null. The price increased by 4.21% in the last trading session.
Does CIT Group Inc pay dividends?
CIT Group Inc (CIT) has a dividend yield of 2.73%. The yearly dividend amount is currently 1.4.
How is the ChartMill rating for CIT Group Inc?
CIT has a ChartMill Technical rating of 5 out of 10 and a ChartMill Fundamental rating of 5 out of 10.
What is the Price/Earnings (PE) ratio of CIT Group Inc (CIT)?
The PE ratio for CIT Group Inc (CIT) is 8.51. This is based on the reported non-GAAP earnings per share of 6.29 and the current share price of 53.5 null.
What is CIT Group Inc worth?
CIT Group Inc (CIT) has a market capitalization of 5.28B null. This makes CIT a Mid Cap stock.
Who owns CIT Group Inc?
You can find the ownership structure of CIT Group Inc (CIT) on the Ownership tab.
CIT Technical Analysis
ChartMill assigns a technical rating of 5 / 10 to CIT. When comparing the yearly performance of all stocks, CIT is one of the better performing stocks in the market, outperforming 84.16% of all stocks.
CIT Fundamental Analysis
ChartMill assigns a fundamental rating of 5 / 10 to CIT. While CIT is still in line with the averages on profitability rating, there are concerns on its financial health.
CIT Financial Highlights
Over the last trailing twelve months CIT reported a non-GAAP Earnings per Share(EPS) of 6.29. The EPS increased by 455.37% compared to the year before.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PM (TTM) | 28.46% | ||
| ROA | 1.31% | ||
| ROE | 11.58% | ||
| Debt/Equity | 0.69 |
CIT Forecast & Estimates
11 analysts have analysed CIT and the average price target is 53.65 null. This implies a price increase of 0.28% is expected in the next year compared to the current price of 53.5.
For the next year, analysts expect an EPS growth of 359.06% and a revenue growth 4.36% for CIT