CIT Group Inc. – NYSE:CIT

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$53.5

Market closed

Open in about 22 hours

+4.21%

month

+8.02%

quarter

+44.99%

year

Market Cap	N/A
Enterprise value	5.33B

P/E	7.42
EV/Sales	2.21
EV/EBITDA	3.00
Price/Sales	2.20
Price/Book	0.85
PEG ratio	-0.03
EPS	7.21

Revenue	2.40B
EBITDA	1.77B
Income	714.8M
Revenue Q/Q	-5.81%
Revenue Y/Y	6.06%

Profit margin	29.66%
Oper. margin	0%
Gross margin	0%
EBIT margin	0%
EBITDA margin	73.59%

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CIT Group Inc. (NYSE:CIT): Profit margin
Dec 2020	611.4M	8.6M	1.41%
Mar 2021	665.1M	303.8M	45.68%
Jun 2021	586.1M	226.9M	38.71%
Sep 2021	547M	175.5M	32.08%

CIT Group Inc. (NYSE:CIT): Earnings per share (EPS)
2021-04-28	0.72	3.04
2021-07-27	1.24	2.09
2021-10-26	1.33	1.84

CIT Group Inc. (NYSE:CIT): Debt to assets
Dec 2020	58106600000	52.38B	90.15%
Mar 2021	56049100000	50.23B	89.62%
Jun 2021	54703700000	48.66B	88.97%
Sep 2021	54420000000	48.24B	88.65%

CIT Group Inc. (NYSE:CIT): Cash Flow
Dec 2020	275.9M	159.4M	-3.13B
Mar 2021	274.1M	3.15B	-2.09B
Jun 2021	184.4M	1.14B	-1.40B
Sep 2021	188.8M	209.5M	-1.07B

CIT Group alternative data

CIT Group
Employees

CIT Group Inc. (NYSE:CIT): Employee count
Aug 2023	3,812
Sep 2023	3,812
Oct 2023	3,812
Nov 2023	3,812
Dec 2023	3,812
Jan 2024	3,812
Feb 2024	3,812
Mar 2024	3,812
Apr 2024	3,812
May 2024	3,812
Jun 2024	3,812
Jul 2024	3,812

CIT Group Inc. (NYSE:CIT): Insider trades (number of shares)
Period	Buy	Sel
Feb 2021	0	16000
Mar 2021	0	48412
Oct 2021	0	20545
Nov 2021	0	15613

Transaction	Date	Insider	Security	Shares	Price per share	Total value
Sale	24 Nov 2021	FAWCETT JOHN J. officer: EVP and ..	Common Stock	15,000	$53.92	$808,830
Sale	24 Nov 2021	FAWCETT JOHN J. officer: EVP and ..	Common Stock	15,000	$53.92	$808,830
Sale	22 Nov 2021	PLUMMER WAHIDA officer: EVP & Chief Risk Officer officer: EVP & Chief Risk Officer	Common Stock	613	$51.5	$31,572
Sale	28 Oct 2021	HARNEY MARISA officer: EVP & Chief Credit Officer officer: EVP & Chief Credit Off..	Common Stock	7,670	$49.45	$379,305
Sale	28 Oct 2021	SOLK STEVE officer: President, Consumer Banking officer: President, Consumer Ba..	Common Stock	5,000	$49.7	$248,495
Sale	27 Oct 2021	STAMPS SHEILA A director director	Common Stock	7,875	$50.91	$400,916
Option	1 Jun 2021	BROSNAN MICHAEL L. director director	Restricted Stock Units	9,497	N/A	N/A
Option	1 Jun 2021	BROSNAN MICHAEL L. director director	Common Stock	9,497	N/A	N/A
Option	1 Jun 2021	CARPENTER MICHAEL A director director	Deferred Share Unit	8,480	N/A	N/A
Option	1 Jun 2021	CARPENTER MICHAEL A director director	Restricted Stock Units	8,480	N/A	N/A

CIT Group
Earnings Call Transcripts

Quarter	Transcript
Q2 2020 21 Jul 2020	Q2 2020 Earnings Call Transcript
Q1 2020 21 Apr 2020	Q1 2020 Earnings Call Transcript
Q4 2019 28 Jan 2020	Q4 2019 Earnings Call Transcript
Q3 2019 22 Oct 2019	Q3 2019 Earnings Call Transcript

CIT earnings call transcripts

CIT Group
Executives

Insider	Age	Compensation
Ms. Ellen R. Alemany (1956) Chairwoman & Chief Executive Officer	69	$3,810,000
Mr. John J. Fawcett (1959) Executive Vice President & Chief Financial Officer	66	$2,310,000
Ms. Denise M. Menelly (1962) Executive Vice President and Head of Technology & Operations	63	$1,740,000
Mr. David M. Harnisch (1971) Pres of Commercial & Real Estate Fin. Bus.	54	$1,640,000
Mr. Steven Solk (1955) Pres of Consumer Banking	70	$1,360,000

CIT Group
Latest News

Tuesday, 12 November 2024
14:00	LeafHouse Announces Alta Trust's CIT Featuring Private Investments Managed by Apollo and Franklin Templeton	globenewswire.com
Wednesday, 7 August 2024
09:00	CIT Northbridge Credit Provides $45 Million to MacPherson's	prnewswire.com
Tuesday, 30 July 2024
09:00	CIT Commercial Services Provides Up to $48 Million in Financing to Crown Crafts	prnewswire.com
Tuesday, 16 July 2024
09:00	CIT Northbridge Credit Provides $40 Million to B&W Fiber Glass Inc.	prnewswire.com
Tuesday, 18 June 2024
09:00	CIT Northbridge Credit Provides $35 Million to Network Wireless Solutions	prnewswire.com
Thursday, 30 May 2024
09:00	CIT Northbridge Credit Provides $75 Million to Cisco Equipment Rentals	prnewswire.com
Wednesday, 7 December 2022
10:05	CIT Serves as Co-Lead on $85 Million in Financing for NineDot Energy	prnewswire.com
Monday, 5 December 2022
09:00	CIT Northbridge Credit Provides $27.78 Million Credit Facility to Applied Optoelectronics	prnewswire.com
Wednesday, 5 January 2022
10:00	First Citizens (FCNCA) Closes Merger Agreement With CIT Group	Zacks Investment Research
Friday, 17 December 2021
20:55	First Citizens' Long-Delayed Merger With CIT Is Approved. The Stock Is Climbing.	Barrons
Thursday, 25 November 2021
13:01	Why Is CIT (CIT) Up 8.9% Since Last Earnings Report?	Zacks Investment Research
Tuesday, 16 November 2021
16:58	CIT Debuts Amenities Payment Feature	PYMNTS
Wednesday, 27 October 2021
13:38	Why Shares of New York Community Bancorp Are Down Today	The Motley Fool
Tuesday, 19 October 2021
09:00	CIT Provides Financing for Heavy Equipment Acquisition	PRNewsWire
Tuesday, 12 October 2021
16:15	CIT to Announce Third Quarter 2021 Financial Results	PRNewsWire
Thursday, 7 October 2021
06:45	This Large Bank Merger Just Got Riskier	The Motley Fool
Friday, 1 October 2021
12:27	CIT Group (CIT), First Citizens (FCNCA) Extend Merger Agreement	Zacks Investment Research
Thursday, 23 September 2021
12:00	OneWest Bank to Plant 50,000 Trees Through 'Green Checking' Campaign	PRNewsWire
Thursday, 16 September 2021
09:00	CIT Serves as Sole Lead Arranger on $41.6 Million Financing for California Apartment Complex	PRNewsWire
Wednesday, 18 August 2021
10:00	CIT and FRONTSTEPS Announce Advanced Payment Features to Increase Convenience and Security	PRNewsWire
Monday, 16 August 2021
09:00	CIT Northbridge Serves as Sole Lead Arranger on $50 Million Credit Facility for Intermetal Rebar LLC	PRNewsWire

Ideas & Opinions

Seeking Alpha 2 Jun 2021

First Citizens BancShares: Speculative Optimism

Frequently Asked Questions (FAQ)

What's the price of CIT Group stock today?

One share of CIT Group stock can currently be purchased for approximately $53.5.
When is CIT Group's next earnings date?

Unfortunately, CIT Group's (CIT) next earnings date is currently unknown.
Does CIT Group pay dividends?

No, CIT Group does not pay dividends.
What is CIT Group's stock symbol?

CIT Group Inc. is traded on the NYSE under the ticker symbol "CIT".
What is CIT Group's primary industry?

Company operates in the Financial Services sector and Banks - Regional industry.
How do i buy shares of CIT Group?

Shares of CIT Group can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Who are CIT Group's key executives?
CIT Group's management team includes the following people:
- Ms. Ellen R. Alemany Chairwoman & Chief Executive Officer(age: 69, pay: $3,810,000)
- Mr. John J. Fawcett Executive Vice President & Chief Financial Officer(age: 66, pay: $2,310,000)
- Ms. Denise M. Menelly Executive Vice President and Head of Technology & Operations(age: 63, pay: $1,740,000)
- Mr. David M. Harnisch Pres of Commercial & Real Estate Fin. Bus.(age: 54, pay: $1,640,000)
- Mr. Steven Solk Pres of Consumer Banking(age: 70, pay: $1,360,000)
How many employees does CIT Group have?

As Jul 2024, CIT Group employs 3,812 workers.
When CIT Group went public?

CIT Group Inc. is publicly traded company for more then 23 years since IPO on 1 Jul 2002.
What is CIT Group's official website?

The official website for CIT Group is cit.com.
Where are CIT Group's headquarters?

CIT Group is headquartered at 1 Cit Dr, Livingston, NEW JERSEY.
How can i contact CIT Group?

CIT Group's mailing address is 1 Cit Dr, Livingston, NEW JERSEY and company can be reached via phone at +1 973 740 5000.

CIT Group Inc.

cit.com

Exchange:

NYSE

Full time employees:

3,812

Industry:

Banks - Regional

Sector:

Financial Services

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 management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.

+1 973 740 5000

1 Cit Dr
Livingston, NEW JERSEY 10036

CIK: 0001171825
ISIN: US1255818015
CUSIP: 125581801