U.S. Markets closed
LISTEN

Schultz: Businesses need to do more to help people

Yahoo Finance's Julia La Roche sits down with executive chairman and former CEO of Starbucks Howard Schultz

CIT Group Inc. (CIT)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
46.95-0.32 (-0.68%)
At close: 4:02PM EDT
People also watch
CMAMBICOFSLMFITB

CIT Group Inc.

One CIT Drive
Livingston, NJ 07039
United States
973-740-5000
http://www.cit.com

SectorFinancial
IndustryCredit Services
Full Time Employees3,995

Key Executives

NameTitlePayExercisedAge
Ms. Ellen R. AlemanyChairwoman & CEO2.54MN/A61
Ms. Denise M. MenellyHead of Technology & Operations and Exec. VP859.71kN/A55
Mr. John J. FawcettCFO & Exec. VPN/AN/A58
Mr. Edward K. SperlingPrincipal Accounting Officer, Exec. VP and Corp. ControllerN/AN/A53
Ms. Barbara A. CallahanHead of Investor Relations and Sr. VPN/AN/AN/A
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

CIT Group Inc. operates as the bank holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios (NSP), and Corporate and Other segments. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring and secured financing services, as well as receivables management products to the retail supply chain; and equipment leasing and secured financing to the rail industry. The Consumer Banking segment provides mortgage loans, deposits, and private banking and fiduciary services. It accepts deposits, including checking and savings accounts, money market accounts, and certificates of deposit; and offers residential mortgage and small business administration loans, as well as reverse mortgages. The NSP segment provides equipment financing, secured lending, and leasing and advisory services to small and middle-market businesses. The Corporate and Other segment offers investments and other unallocated items, such as amortization of intangible assets. The company also offers acquisition and expansion financing, enterprise value and cash flow loans, import and export financing, and letters of credit/trade acceptances; and account receivables collection, asset management, credit protection, cash management and payment, debt restructuring, debt underwriting and syndication, financial risk management, insurance, merger and acquisition advisory, and online banking services. It offers its services through 70 branches located in southern California, as well as through other offices worldwide. CIT Group Inc. was founded in 1908 and is based in Livingston, New Jersey.

Corporate Governance

CIT Group Inc.’s ISS Governance QualityScore as of September 1, 2017 is 3. The pillar scores are Audit: 10; Board: 5; Shareholder Rights: 2; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.