CIT - CIT Group Inc.

NYSE - NYSE Delayed Price. Currency in USD
44.44
+0.02 (+0.05%)
At close: 4:02PM EDT

44.40 -0.04 (-0.10%)
After hours: 4:26PM EDT

Stock chart is not supported by your current browser
Previous Close44.42
Open44.68
Bid44.45 x 900
Ask44.47 x 1000
Day's Range44.03 - 44.78
52 Week Range35.50 - 54.02
Volume606,195
Avg. Volume760,536
Market Cap4.208B
Beta (3Y Monthly)1.59
PE Ratio (TTM)10.00
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.40 (3.15%)
Ex-Dividend Date2019-08-08
1y Target EstN/A
Trade prices are not sourced from all markets
  • CIT or OCSL: Which Is the Better Value Stock Right Now?
    Zacks

    CIT or OCSL: Which Is the Better Value Stock Right Now?

    CIT vs. OCSL: Which Stock Is the Better Value Option?

  • Are Investors Undervaluing CIT Group (CIT) Right Now?
    Zacks

    Are Investors Undervaluing CIT Group (CIT) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Here is What Hedge Funds Think About CIT Group Inc. (CIT)
    Insider Monkey

    Here is What Hedge Funds Think About CIT Group Inc. (CIT)

    The elite funds run by legendary investors such as David Tepper and Dan Loeb make hundreds of millions of dollars for themselves and their investors by spending enormous resources doing research on small cap stocks that big investment banks don't follow. Because of their pay structures, they have strong incentives to do the research necessary […]

  • At US$42.64, Is It Time To Put CIT Group Inc. (NYSE:CIT) On Your Watch List?
    Simply Wall St.

    At US$42.64, Is It Time To Put CIT Group Inc. (NYSE:CIT) On Your Watch List?

    CIT Group Inc. (NYSE:CIT), operating in the financial services industry based in United States, received a lot of...

  • Moody's

    CIT Group Inc. -- Moody's assigns (P)Ba1 ratings to CIT Bank, N.A.'s bank note program for both long-term senior unsecured and subordinate

    Moody's Investors Service ("Moody's") has assigned (P)Ba1 ratings to CIT Bank, N.A.'s ("CIT Bank") bank note program for both long-term senior unsecured and subordinated notes. Moody's also assigned a rating of Ba1 to the senior unsecured notes that the bank intends to issue imminently. CIT Bank, N.A. is the banking subsidiary of CIT Group Inc. (senior unsecured Ba1).

  • I Ran A Stock Scan For Earnings Growth And CIT Group (NYSE:CIT) Passed With Ease
    Simply Wall St.

    I Ran A Stock Scan For Earnings Growth And CIT Group (NYSE:CIT) Passed With Ease

    Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...

  • Some CIT Group (NYSE:CIT) Shareholders Are Down 24%
    Simply Wall St.

    Some CIT Group (NYSE:CIT) Shareholders Are Down 24%

    It's easy to match the overall market return by buying an index fund. But if you buy individual stocks, you can do...

  • Why Is CIT (CIT) Down 18.9% Since Last Earnings Report?
    Zacks

    Why Is CIT (CIT) Down 18.9% Since Last Earnings Report?

    CIT (CIT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • 5 Value Stocks With Fast-Growing Dividends
    InvestorPlace

    5 Value Stocks With Fast-Growing Dividends

    It's hard to find a bargain stock with dividends growing quickly. Often they are overvalued and not worth buying. Another problem is these kind of stocks can't sustain the dividend growth. The trick to uncovering the best stocks to buy now is to search for fast-growing dividend stocks with low earnings-payout ratios. Even better if they're cheap.For example, fast growing tech companies reinvest their earnings in their business. They can't afford to pay dividends without sacrificing growth. Amazon (NASDAQ:AMZN) has never paid out a dividend but is growing very fast. The stock is not cheap as investors rely on steady growth, but its investors are willing to forgo dividends.Among the best stocks to buy now for value and income are business development companies (BDC). BDCs often raise their dividends at high rates, borrowing money or continually selling equity to finance dividend growth. Their payout ratios are high and the companies tend to be highly leveraged as a result.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBelow are five stocks selling below 10x earnings whose dividends have been rising 15% or more per year. The companies pay out less than 30% of their earnings in dividends. They reinvest the rest to maintain consistent growth. * 10 Cheap Dividend Stocks to Load Up On None of these stocks are turnarounds. They have been growing consistently for the past several years. You can rely on them to continue to increase their dividends at these rates. Best Value Stocks: CIT Group (CIT)2-Year Dividend Growth: +133%CIT Group (NYSE:CIT) is a bank holding company that has transformed itself into a vibrant, growing commercial lender after its demise in 2009. Earnings have been growing nicely as the company has divested itself of loss making divisions.In Q2 2018, CIT's dividends were at an annual rate of 64 cents. Three quarters later in Q1 2019, CIT raised the rate 56% to $1.00. And just recently in July CIT did it again - hiking the dividend to $1.40, up 40%.Analysts expect CIT to earn $4.96 this year. Its dividend represents just 28% of expected earnings. The stock now yields 3.1% and has a price-to-earnings ratio of 9.2x.CIT has been simplifying its commercial lending business, selling off non-core units, and strengthening its capital ratios. Its recent stock buybacks and dividends increases show that this is a very shareholder friendly company.Expect the company to continue to reward shareholders with consistent earnings and dividend increases. Bank of America (BAC)2-Year Dividend Growth: +50%Bank of America (NYSE:BAC), the U.S. bank holding company, has increased its quarterly dividends over the past two years from an annual rate of 48 cents to 72 cents, paid in July. In addition, BAC has been showing good operational growth, despite interest rate headwinds.BAC sports a 2.54% dividend yield and trades for just 10 times earnings per share. BAC reported Q2 earnings of 74 cents per share, which was up 17% over the past year.BAC can comfortably afford its dividend. The 72 cents annual dividend rate represents just 28% of its expected earnings per share of $2.84 for this year.BAC has a large and stable asset base with its consumer deposits and high earnings quality. It is well diversified with its Merrill Lynch brokerage arm, and an asset management business with $220 billion in assets under management. Their stable fees strengthen its lending business. * 10 Best Stocks to Buy and Hold Forever BAC has consistently grown its dividends. They rose 25% in 2018 and 20% in 2019. Expect the stock to continue to increase its earnings and dividends over the next year at a similar rate. Boyd Gaming (BYD)2-Year Dividend Growth Rate: +40%Boyd Gaming (NYSE:BYD) is a casino operator mainly focused on niche markets such as the local, non-Strip gambler in Las Vegas. Its revenue and earnings have picked up nicely over the past several years as U.S. economic growth, and disposable income, has grown.BYD has increased its dividend 40% over the past two years. This includes a 20% increase in 2018 and recently 17% increase to 28 cents on an annual basis. This represents just 16% of its expected earnings this year of $1.78 per share.BYD's dividend yield is 1.15%. There is plenty of room for the dividends to grow as Wall Street expects that the company will continue to show consistent earnings growth. As sports betting picks up speed across new states, now that the Supreme Court has OK'd it, BYD expects to participate in the growth in that arena.BYD is play on the economy continuing to steam ahead and the regional consumer's willingness to dispose of income at BYD's casinos. Expect the dividend to rise substantially over the next several years. Delta Air Lines (DAL)2-Year Dividend Growth: +32%Delta Air Lines (NYSE:DAL) has increased its dividend by over 32% over the past two years. In 2018 the dividend rose 14.8% and recently DAL set the annual rate at $1.61, up 15.1%. The stock is a general play on economic growth as well as its moves to diversity earnings.Delta's recent Q2 revenues were up 9% year-over-year. Earnings shot up an incredible 32%. Analysts are especially optimistic about the new credit card that DAL is going to co-brand in partnership with American Express (NYSE:AXP).The stock is still cheap, though. It trades at just 8.4x earnings which are expected to reach $7.10 for the year.Given that its dividend rate is $1.61, the pay-out ratio is 22%. So there is plenty of room for the company to continue to increase the dividend. Moreover, the stock sports a very attractive dividend yield of 2.71%. * 7 Great No-Load Mutual Funds for Retirement Portfolios Investors can expect DAL to consistently raise the dividend over the next several years. Citigroup (C)2-Year Dividend Growth: +59.4%Citigroup (NYSE:C) has raised its dividend almost 60% in the past two years. The dividend was up 41% in 2018 and this year Citigroup has hiked it another 13.3%.Citigroup is a play on strong economic growth in the U.S. The company has consistently produced solid revenue and earnings growth in the past 5 years.The company is well positioned to withstand any interest rate headwinds, should rates continue to fall. Deposits and loans have continued to grow despite interest rate cuts. Revenue was up 4% in the first half of 2019 and net income rose 13%.Citigroup's stock trades for less than 9x earnings per share. The dividend yield is very attractive at 3.1%. This is more than investors can make in their money market accounts.With the dividend set at $2.04, and earnings expected to be $7.64 this year, the payout ratio is only 26.7%. So there is still plenty of room for Citigroup to raise the dividend as earnings grows.Investors can expect Citigroup to raise its dividend over the next several years at a similar rate in 2019.As of this writing, Mark Hake, CFA does not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 5 Value Stocks With Fast-Growing Dividends appeared first on InvestorPlace.

  • CIT Group (CIT) Ratings Affirmed by Moody's, Outlook Positive
    Zacks

    CIT Group (CIT) Ratings Affirmed by Moody's, Outlook Positive

    Moody's affirms CIT Group (CIT) and its subsidiary's ratings. Moreover, the company's outlook remains positive.

  • GuruFocus.com

    Cit Group Inc (CIT) EVP and Chief Financial Office John J. Fawcett Bought $123,600 of Shares

    EVP and Chief Financial Office of Cit Group Inc (30-Year Financial, Insider Trades) John J. Fawcett (insider trades) bought 3,000 shares of CIT on 08/14/2019 at an average price of $41.2 a share. Continue reading...

  • Moody's

    CIT Group Inc. (Old) -- Moody's affirms CIT Group's ratings; outlook remains positive

    Moody's Investors Service has affirmed the ratings of CIT Group Inc. (CIT) and its bank subsidiary CIT Bank, N.A. (CIT Bank), following the affirmation of the bank's baa3 standalone baseline credit assessment (BCA). This rating action follows the announcement of CIT's planned acquisition of Mutual of Omaha Bank, which is unrated. "CIT's ratings affirmation with a positive outlook reflects our view that the acquisition will diversify and strengthen CIT's deposit franchise, expand its commercial lending and banking lines and reduce its funding costs" said Warren Kornfeld, Senior Vice President.

  • CIT Group Inks Deal to Acquire Mutual of Omaha Bank for $1B
    Zacks

    CIT Group Inks Deal to Acquire Mutual of Omaha Bank for $1B

    The acquisition of Mutual of Omaha Bank will help CIT Group (CIT) expand its commercial banking operations.

  • Benzinga

    CIT Buys Mutual Of Omaha For $1B

    CIT Group Inc. (NYSE: CIT ) and Mutual of Omaha will acquire Mutual's savings bank subsidiary, Mutual of Omaha Bank, for $1 billion. The purchase price will be comprised primarily of cash and up to $150 ...

  • TheStreet.com

    [video]CIT Group to Acquire Mutual of Omaha Bank for $1 Billion

    CIT Group to buy Mutual of Omaha's savings bank subsidiary, Mutual of Omaha Bank, for $1 billion in cash and stock.

  • MarketWatch

    CIT to buy Mutual of Omaha Bank for $1 billion

    CIT Group Inc. announced Tuesday a deal for its CIT Bank N.A. subsidiary to buy Mutual of Omaha's savings bank subsidiary, Mutual of Omaha Bank, for $1 billion in cash and stock. Under terms of the deal, the purchase will be comprised of cash and up to $150 million in CIT common stock. CIT said the deal is expected to improve deposit costs by about 20 basis points (0.2 percentage points), while its tangible common equity ratio is expected to be enhanced by 80 basis points in 2020. The deal is expected to close in the first quarter. CIT's stock, which was still inactive in premarket trading, has rallied 16.6% year to date, while the S&P 500 has advanced 15.0%.

  • LendingClub (LC) Reports Loss in Q2, Revenues Improve Y/Y
    Zacks

    LendingClub (LC) Reports Loss in Q2, Revenues Improve Y/Y

    LendingClub's (LC) Q2 earnings reflect lower expenses, higher revenue growth and upbeat outlook.

  • Be Sure To Check Out CIT Group Inc. (NYSE:CIT) Before It Goes Ex-Dividend
    Simply Wall St.

    Be Sure To Check Out CIT Group Inc. (NYSE:CIT) Before It Goes Ex-Dividend

    CIT Group Inc. (NYSE:CIT) is about to trade ex-dividend in the next 4 days. This means that investors who purchase...

  • Here's How P/E Ratios Can Help Us Understand CIT Group Inc. (NYSE:CIT)
    Simply Wall St.

    Here's How P/E Ratios Can Help Us Understand CIT Group Inc. (NYSE:CIT)

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we'll...

  • Moody's

    GS Mortgage Securities Trust 2013-GCJ14 -- Moody's upgrades two and affirms eleven classes of GSMS 2013-GCJ14

    The ratings on two principal and interest (P&I) classes, Cl. B and Cl. C, were upgraded primarily due to an increase in credit support resulting from loan paydowns and amortization, as well as an increase in defeasance. Moody's rating action reflects a base expected loss of 3.3% of the current pooled balance, compared to 2.8% at Moody's last review.

  • Sallie Mae (SLM) Q2 Earnings Beat Estimates as Revenues Rise
    Zacks

    Sallie Mae (SLM) Q2 Earnings Beat Estimates as Revenues Rise

    Sallie Mae's (SLM) second-quarter 2019 results reflect top-line strength, partly muted by higher expenses.

  • Thomson Reuters StreetEvents

    Edited Transcript of CIT earnings conference call or presentation 23-Jul-19 12:00pm GMT

    Q2 2019 CIT Group Inc Earnings Call

  • CIT Group (CIT) Up 1.9% on Q2 Earnings Beat, Revenues Down
    Zacks

    CIT Group (CIT) Up 1.9% on Q2 Earnings Beat, Revenues Down

    Lower credit costs and higher interest income support CIT Group's (CIT) Q2 earnings. However, lower non-interest income is an undermining factor.

  • CIT Group Inc (CIT) Q2 2019 Earnings Call Transcript
    Motley Fool

    CIT Group Inc (CIT) Q2 2019 Earnings Call Transcript

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