CIT - CIT Group Inc.

NYSE - NYSE Delayed Price. Currency in USD
51.09
+0.93 (+1.85%)
At close: 4:01PM EDT
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Previous Close50.16
Open50.50
Bid51.08 x 800
Ask0.00 x 900
Day's Range49.80 - 51.33
52 Week Range35.50 - 55.48
Volume766,112
Avg. Volume630,047
Market Cap4.923B
Beta (3Y Monthly)1.53
PE Ratio (TTM)12.61
EPS (TTM)4.05
Earnings DateOct 21, 2019 - Oct 25, 2019
Forward Dividend & Yield1.40 (2.79%)
Ex-Dividend Date2019-08-08
1y Target Est57.73
Trade prices are not sourced from all markets
  • CIT Group Inc (CIT) Q2 2019 Earnings Call Transcript
    Motley Fool10 hours ago

    CIT Group Inc (CIT) Q2 2019 Earnings Call Transcript

    CIT earnings call for the period ending June 30, 2019.

  • CIT Group (CIT) Q2 Earnings Surpass Estimates
    Zacks20 hours ago

    CIT Group (CIT) Q2 Earnings Surpass Estimates

    CIT (CIT) delivered earnings and revenue surprises of 16.81% and -0.43%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire23 hours ago

    CIT Announces Second Quarter 2019 Financial Results

    NEW YORK , July 23, 2019 /PRNewswire/ --  CIT Group Inc . (NYSE: CIT) today announced its second quarter 2019 financial results. View the full press release in PDF. The news release is available via CIT's ...

  • ACCESSWIRE23 hours ago

    CIT Group, Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / July 23, 2019 / CIT Group, Inc. (NYSE: CIT ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on July 23, 2019 at 8:00 AM Eastern Time. ...

  • PR Newswire2 days ago

    CIT Leads $204.5 Million Financing for Major New Texas Solar Project

    NEW YORK, July 22, 2019 /PRNewswire/ -- CIT Group Inc. (CIT) today announced its Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, Texas. Concurrent with financial close, the project was sold by 8minute Solar Energy to Duke Energy Renewables. 8minute Solar Energy is based in Los Angeles and is the largest private solar and storage developer in the United States.

  • PR Newswire2 days ago

    CIT Announces Expanded Asset Management Capabilities

    NEW YORK , July 22, 2019 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) today announced an expansion of its investment management and advisory capabilities that provides increased capacity and flexibility ...

  • CIT Declares Common Dividend
    PR Newswire5 days ago

    CIT Declares Common Dividend

    NEW YORK , July 19, 2019 /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 ...

  • Reuters6 days ago

    Market-based pricing disappearing on blue-chip US loans

    Market-based pricing is disappearing in US investment grade lending as Credit Default Swaps (CDS) become a less relevant measurement of risk, and lenders feel less need to buy protection against the loans as top companies continue to perform in a stable economy. The practice was introduced after the 2008 financial crisis when several blue-chip companies drew down on revolving credit facilities, shocking banks that had charged minimal interest margins on the assumption that the loans would remain undrawn. Market-based pricing was endorsed by banks such as JP Morgan and Bank of America Merrill Lynch and was designed to make significantly low pricing on investment grade loans more dynamic.

  • PR Newswire7 days ago

    Vacation Savings on the Rise despite Focus on High-End Experiences

    NEW YORK, July 17, 2019 /PRNewswire/ -- Vacations are a rising savings priority for twice as many U.S. consumers compared to last year, according to CIT Bank's 2019 Summer Savings Survey conducted by The Harris Poll1. "Consumers are taking charge of their finances to make vacations more of a savings priority," said Ravi Kumar, head of Internet Banking for CIT Bank. When it comes to vacation spending, Gen Z consumers outpace other generations across a number of spending categories, in particular, unique food experiences and luxury hotels.  Over 40% of Gen Z consumers like to spend on unique food and drink experiences compared to 34% of Millennials, 35% of Gen X, 26% of Boomers, and 24% of Seniors.

  • CIT Group (CIT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks8 days ago

    CIT Group (CIT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    CIT (CIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Markit8 days ago

    See what the IHS Markit Score report has to say about CIT Group Inc.

    CIT Group Inc NYSE:CITView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for CIT with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting CIT. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.26 billion over the last one-month into ETFs that hold CIT are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. CIT credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • PR Newswire13 days ago

    CIT Provides $27.5 Million for Acquisition of San Rafael Office Building

    NEW YORK , July 11, 2019 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division provided $27.5 million in financing for the acquisition of 4040 Civic Center Drive, ...

  • PR Newswire14 days ago

    CIT to Announce Second Quarter 2019 Financial Results

    Conference Call and Audio Webcast Scheduled for 8 a.m. ET, July 23 NEW YORK , July 10, 2019 /PRNewswire/ --  CIT Group Inc . (NYSE: CIT) today announced it will issue its second quarter 2019 financial ...

  • PR Newswire16 days ago

    CIT Names Jim Gifas as Head of Treasury Services

    NEW YORK , July 8, 2019 /PRNewswire/ --  CIT Group Inc . (NYSE: CIT) today announced that James J. Gifas has joined the company, effective today, as the head of Treasury Services and will serve on CIT's ...

  • OneWest Bank Sponsors 41st Annual Manhattan Beach Concerts in the Park Series
    PR Newswire23 days ago

    OneWest Bank Sponsors 41st Annual Manhattan Beach Concerts in the Park Series

    PASADENA, Calif. , July 1, 2019 /PRNewswire/ --  OneWest Bank , CIT's Southern California retail bank division, today announced it will serve as the presenting sponsor of the 41 st annual Manhattan Beach ...

  • PR Newswire28 days ago

    CIT Provides $55 Million to Jumpstart Two Affordable Housing Developments for Homeless Vets and Families

    PASADENA, Calif. , June 26, 2019 /PRNewswire/ --  CIT Bank, N.A. , the banking subsidiary of CIT Group Inc., today announced a total community investment of $55 Million in support of two East LA Community ...

  • Is CIT Group Inc. (CIT) A Good Stock To Buy?
    Insider Monkeylast month

    Is CIT Group Inc. (CIT) A Good Stock To Buy?

    Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]

  • OneWest Bank Serves as Presenting Sponsor of SaMo Pride and Celebrates Pride Month across Southern California
    PR Newswirelast month

    OneWest Bank Serves as Presenting Sponsor of SaMo Pride and Celebrates Pride Month across Southern California

    PASADENA, Calif. , June 18, 2019 /PRNewswire/ --  OneWest Bank , CIT's Southern California retail bank division, today announced it will be the presenting sponsor of the inaugural year of SaMo Pride taking ...

  • PR Newswirelast month

    CIT Names Leslie Grizzard as Managing Director for Defense and Government Services Business

    NEW YORK , June 10, 2019 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) today announced that Leslie Grizzard has joined the company as managing director in the company's Aerospace, Defense & Government Services ...

  • PR Newswire2 months ago

    CIT Provides $48.2 Million in Financing for Southern California Apartment Complex

    NEW YORK , June 6, 2019 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) today announced that its Real Estate Finance division provided $48.2 million in senior secured financing for the acquisition and redevelopment ...

  • PR Newswire2 months ago

    CIT Launches Annual Volunteer Month and Invites Consumers to Give Back Across the Country

    NEW YORK , June 5, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today launched its third annual CIT Cares Month, a company-wide initiative mobilizing CIT employees to volunteer across their local communities.  ...