CIT Group, Inc. (New York Stock Exchange:CIT)

About the company

CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Corporate. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Corporate segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.

Sector

Finance

Industry

Major Banks

Employees

3609

CEO

Ellen Rose Alemany

Exchange

New York Stock Exchange

Website

http://www.cit.com

$2B

Total Revenue

4K

Employees

$2B

Market Capitalization

-8.48

Price/Earning ratio

Stock price

Gross Margin (in %)

Total gross margin

$M

Operating Margin (in %)

Total operating margin

$M

Net Margin (in %)

Total net margin

$-236M

Dividend Yield (in %)

Dividend per share

$1.40

Industry peers

Name Ticker Market capitalization (in USD Million) Revenues (in USD Million) Price/Book Price/Earning Net margin (in %)
JPMorgan Chase & Co. JPM 294566.15 114755.00 1.22 10.47 24.68
Bank of America Corp. BAC 214547.49 91007.00 0.84 9.51 24.91
Wells Fargo & Co. WFC 109291.42 81171.00 0.64 8.86 15.37
U.S. Bancorp USB 56060.18 23081.00 1.19 9.27 26.25
The PNC Financial Services Group, Inc. PNC 45150.30 18058.00 0.88 9.52 26.34
The Bank of New York Mellon Corp. BK 35132.44 16216.00 0.89 8.21 26.46
Capital One Financial Corp. COF 28495.90 27999.00 0.49 12.01 8.66
KeyCorp KEY 11733.42 6313.00 0.74 7.23 21.42
Regions Financial Corp. RF 10409.20 5799.00 0.63 8.35 21.80
Comerica, Inc. CMA 5149.42 3249.00 0.66 6.65 24.28
People's United Financial, Inc. PBCT 4594.98 1935.00 0.63 8.80 26.96
TCF Financial Corp. TCF 3556.53 1874.00 0.77 13.51 14.24
CIT Group, Inc. CIT 1881.60 2370.00 0.36 -8.48 -9.96
Simmons First National Corp. SFNC 1679.60 869.00 0.62 6.26 30.76
Hope Bancorp, Inc. HOPE 1089.90 512.00 0.53 7.09 30.13
Park National Corp. PRK 1088.16 404.00 1.13 11.28 24.66
Cadence Bancorporation CADE 1054.72 771.00 0.49 -4.06 -33.23
City Holding Co. CHCO 996.80 242.00 1.47 10.56 39.64
National Commerce Corp. (Alabama) NCOM 744.99 170.00 1.18 17.74 25.04
FB Financial Corp. FBK 742.14 378.00 0.98 11.68 17.08
OFG Bancorp OFG 673.92 426.00 0.71 26.45 6.02
Meta Financial Group, Inc. CASH 668.04 450.00 0.76 5.36 27.28
Amerant Bancorp, Inc. AMTB 613.61 274.00 0.72 14.56 15.19
Amerant Bancorp, Inc. AMTBB 457.52 274.00 0.53 10.86 15.19
First Financial Corp. (Indiana) THFF 447.59 178.00 0.81 8.83 28.78
Arrow Financial Corp. AROW 427.35 119.00 1.38 11.58 30.90
Peoples Bancorp, Inc. (Ohio) PEBO 424.62 199.00 0.69 10.87 19.34
The First Bancshares, Inc. (Mississippi) FBMS 387.72 157.00 0.83 8.58 28.37
Alerus Financial Corp. ALRS 311.84 170.00 1.14 11.14 16.69
American National Bankshares, Inc. (Virginia) AMNB 254.87 99.00 0.79 11.25 23.78
The First Bancorp, Inc. (Maine) FNLC 238.37 70.00 1.10 9.14 37.07
Metropolitan Bank Holding Corp. MCB 232.08 119.00 0.78 8.87 23.04
National Bankshares, Inc. NKSH 170.04 46.00 0.96 10.86 36.60
Richmond Mutual Bancorporation, Inc. RMBI 154.56 35.00 0.77 -11.50 -37.22
Capital Bancorp, Inc. (Maryland) CBNK 144.48 95.00 1.05 8.75 17.30
Esquire Financial Holdings, Inc. ESQ 130.40 48.00 1.09 9.26 28.53
Landmark Bancorp, Inc. (Kansas) LARK 121.65 49.00 0.98 9.47 24.09
Blue Ridge Bankshares, Inc. (Virginia) BRBS 91.38 66.00 0.96 20.86 6.31
Old Point Financial Corp. OPOF 76.00 48.00 0.72 11.18 14.81

Latest insider transactions

Date Role Name Transaction Quantity Quantity Owned After

CIT Leads $85 Million Financing for 80-Megawatt Pioneer Solar Project in Colorado

11d ago, source: PR Newswire

PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy unit served as sole lead arranger on an ...

Interesting CIT Put And Call Options For August 21st

10d ago, source: Nasdaq

Investors in CIT Group Inc (Symbol: CIT) saw new options begin trading this week, for the August 21st expiration. At Stock ...

CIT Group (NYSE:CIT) Upgraded at ValuEngine

2d ago, source: theenterpriseleader.com

CIT Group (NYSE:CIT) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note ...

ValuEngine Upgrades CIT Group (NYSE:CIT) to “Buy”

2d ago, source: modernreaders.com

CIT Group (NYSE:CIT) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a ...

Engineers Gate Manager LP Has $670,000 Stock Holdings in CIT Group Inc. (NYSE:CIT)

9d ago, source: theenterpriseleader.com

Engineers Gate Manager LP increased its position in shares of CIT Group Inc. (NYSE:CIT) by 267.5% during the first quarter, ...

Were Hedge Funds Right About Selling Xencor Inc (XNCR)?

5d ago, source: YAHOO!

At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will ...

CIT Northbridge Credit Serves as Sole Lender on $50 Million Credit Facility for CITIES Market Studios

10d ago, source: YAHOO!

NEW YORK, June 25, 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 $50 million ...



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