CIT - CIT Group Inc.
| Previous Close | 50.20 |
| Open | 50.20 |
| Bid | 50.63 x 900 |
| Ask | 50.64 x 900 |
| Day's Range | 50.08 - 50.65 |
| 52 Week Range | 35.50 - 55.48 |
| Volume | 465,745 |
| Avg. Volume | 660,190 |
| Market Cap | 4.86B |
| Beta (3Y Monthly) | 1.53 |
| PE Ratio (TTM) | 12.45 |
| EPS (TTM) | 4.05 |
| Earnings Date | Jul 23, 2019 |
| Forward Dividend & Yield | 1.40 (2.79%) |
| Ex-Dividend Date | 2019-05-09 |
| 1y Target Est | 57.42 |
- PR Newswire•2 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 ...
- Reuters•3 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 Newswire•4 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.
- Zacks•5 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.
- Markit•5 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 Newswire•10 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 Newswire•11 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 Newswire•13 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 ...
- PR Newswire•20 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 Newswire•25 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 ...
- Insider Monkey•last 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 […]
- PR Newswire•last 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 Newswire•last 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 Newswire•last month
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 Newswire•2 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. ...
- Zacks•2 months ago
Should Value Investors Consider CIT Group (CIT) Stock Now?
Let's see if CIT Group Inc. (CIT) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
- PR Newswire•2 months ago
CIT Leads $416 Million Financing for Major New Solar Project
NEW YORK, May 30, 2019 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that its Power & Energy business served as the coordinating lead arranger on a $416 million debt financing supporting Longroad Energy's 379-megawatt Prospero solar facility to be built in Andrews County, Texas. Founded in 2016 and based in Boston, Longroad Energy is a leading renewable energy company. Since its founding, Longroad has fully developed approximately 1,000 MW of wind and solar projects and currently owns a 700 MW operating fleet.
- PR Newswire•2 months ago
CIT to Present at the Morgan Stanley 10th Annual Financials Conference
NEW YORK , May 28, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Chairwoman and Chief Executive Officer Ellen R. Alemany and Chief Financial Officer John Fawcett will present ...
- Moody's•2 months ago
GS Mortgage Securities Trust 2013-GC13 -- Moody's affirms nine classes of GSMS 2013-GC13
The ratings on the seven principal and interest (P&I) classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Moody's rating action reflects a base expected loss of 3.9% of the current pooled balance, compared to 2.6% at Moody's last review. Moody's base expected loss plus realized losses is now 3.4% of the original pooled balance, compared to 2.3% at the last review.
- Zacks•2 months ago
First Midwest (FMBI) Cheers Investors With 17% Dividend Hike
First Midwest (FMBI) seems to have the potential to continue enhancing shareholder value on the back of earnings strength and improving operating backdrop.
- PR Newswire•2 months ago
CIT Serves as Sole Lead Arranger on $64 Million Refinancing for Assisted Living Facilities in Florida
NEW YORK , May 10, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger for a $64 million loan to refinance assisted living ...
