CIT - CIT Group Inc.

NYSE - NYSE Delayed Price. Currency in USD
-1.11 (-2.10%)
At close: 4:02PM EDT
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Previous Close52.76
Bid0.00 x 1300
Ask54.00 x 1800
Day's Range51.53 - 52.75
52 Week Range43.25 - 56.14
Avg. Volume1,370,887
Market Cap6.563B
PE Ratio (TTM)18.49
EPS (TTM)2.79
Earnings DateJul 23, 2018 - Jul 27, 2018
Forward Dividend & Yield0.64 (1.19%)
Ex-Dividend Date2018-05-10
1y Target Est55.85
Trade prices are not sourced from all markets
  • Barrons.com2 days ago

    [$$] Expect More Bank Mergers After Dodd-Frank Rollback

    Review | Preview The rollback of some postcrisis financial regulations will help small and mid-size banks get bigger—and leave fewer of them. Barron’s saw the potential in early December (“Lifting the Lid on Regional Banks’ Share Prices,” Dec. 2, 2017), as the legislation emerged from the Senate Banking Committee. By raising the threshold for stricter supervision under Dodd-Frank from $50 million in assets to $250 million, the new law effectively removes a disincentive for mergers and acquisitions.

  • PR Newswire2 days ago

    CIT Names Chief Risk Officer; Promotes Chief Credit Officer

    NEW YORK, May 25, 2018 /PRNewswire/ -- CIT Group Inc. (CIT) announced that it has named Wahida Plummer as its chief risk officer responsible for all enterprise risk. In addition, the company has promoted its Chief Credit Officer Marisa Harney to an expanded role leading all credit risk. Both leaders will report to CIT Chairwoman and Chief Executive Officer Ellen R. Alemany and serve on the company's Executive Management Committee, effective immediately.

  • CIT Group (CIT) Up 5.4% Since Earnings Report: Can It Continue?
    Zacks3 days ago

    CIT Group (CIT) Up 5.4% Since Earnings Report: Can It Continue?

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

  • PR Newswire3 days ago

    CIT Announces Preliminary Results of Cash Tender Offer for Its Common Stock

    NEW YORK, May 24, 2018 /PRNewswire/ -- CIT Group Inc. (CIT) today announced the preliminary results of its "modified Dutch auction" tender offer, which expired at 11:59 p.m., ET, on May 23, 2018. Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of approximately 12.9 million shares of CIT's common stock were properly tendered and not properly withdrawn at or below a purchase price of $54.75 per share, including approximately 9.0 million shares that were tendered by notice of guaranteed delivery.

  • PR Newswire4 days ago

    CIT Closes $25 Million Loan to Friendly Franchisees Corporation

    JACKSONVILLE, Fla., May 23, 2018 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that its Franchise Finance team, part of CIT's Business Capital division, has closed a $25 million loan to La Palma, Calif.-based Friendly Franchisees Corporation. Friendly Franchisees is a leading owner and operator of Carl's Jr. restaurant franchises, with more than 70 outlets across the Los Angeles and San Francisco areas of California. Proceeds from the financing will be used for remodeling some restaurants, refinancing existing debt and other corporate purposes.

  • PR Newswire5 days ago

    CIT Serves As Sole Lead Arranger On $107.5 Million For Oakland Residential Project

    NEW YORK , May 22, 2018 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT), today announced that its Real Estate Finance division was the sole lead arranger of a $107.5 million senior-secured construction loan ...

  • What You Should Know About CIT Group Inc’s (NYSE:CIT) Liquidity
    Simply Wall St.10 days ago

    What You Should Know About CIT Group Inc’s (NYSE:CIT) Liquidity

    CIT Group Inc’s (NYSE:CIT) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with aRead More...

  • PR Newswire10 days ago

    CIT Bank Provides $6 Million Investment To Jumpstart A New Credit Union Branch For Low And Moderate Income Families

    Self- Help Federal Credit Union's new branch will serve the central Los Angeles area PASADENA, Calif. , May 17, 2018 /PRNewswire/ --  CIT Bank N.A. and its California branch division OneWest Bank  today ...

  • PR Newswire12 days ago

    CIT Northbridge Serves as Sole Lead Arranger on $30 Million Credit Facility for Alliance Time

    NEW YORK , May 15, 2018 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) today announced that its CIT Northbridge Credit joint venture served as sole lead arranger on a $30 million revolving credit facility ...

  • GlobeNewswire18 days ago

    Recent Analysis Shows CIT Group, Republic Services, Etsy, Tiffany, Booz Allen Hamilton Holding, and EOG Resources Market Influences — Renewed Outlook, Key Drivers of Growth

    NEW YORK, May 09, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of CIT ...

  • See what the IHS Markit Score report has to say about CIT Group Inc.
    Markit18 days ago

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

    Short interest is low for CIT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.

  • The Wall Street Journal20 days ago

    [$$] CIT Is Lead Arranger on Financing for Onyx Renewable Partners

    The New York company, a developer of commercial-and-industrial and small-scale utility solar projects in North America, is backed by Blackstone Group LP’s energy-focused unit, Blackstone Energy Partners, ...

  • PR Newswire20 days ago

    FinTech Breakthrough Names CIT Point-Of-Sale Platform As "Best Small Business Lending Solution" In 2018

    NEW YORK , May 7, 2018 /PRNewswire/ --  FinTech Breakthrough , an independent organization that recognizes the top companies, technologies and products in the global FinTech market, today announced that ...

  • PR Newswire20 days ago

    CIT Serves As Sole Lead Arranger on $79 Million Financing for Onyx Renewable Partners

    NEW YORK, May 7, 2018 /PRNewswire/ -- CIT Group Inc. (CIT), a leading provider of commercial lending and leasing services, today announced that its Commercial Finance division's Energy Finance unit served as sole lead arranger and administrative agent for approximately $79 million in financing for Onyx Renewable Partners L.P. ("Onyx"). This new financing follows a $53 million financing arranged by CIT for Onyx in late 2017. The financing will support a portfolio of more than 80 megawatts of distributed generation solar power projects to be placed into service in 2018 and 2019.

  • ACCESSWIRE25 days ago

    Free Post Earnings Research Report: American Express’ Quarterly Earnings Advanced 37.78%

    LONDON, UK / ACCESSWIRE / May 02, 2018 / has just released a free earnings report on American Express Co. (NYSE: AXP) ("AmEx"). The Company reported its financial results on April 18, 2018, for the first quarter of the fiscal year 2018 ended March 31, 2018. The Company surpassed analysts' consensus estimates for earnings and revenues in Q1 FY18.

  • PR Newswire26 days ago

    CIT's Capital Equipment Financing Unit Announces New Appointments

    Expanded Team Enhances Direct Origination Capabilities, Supports Growth NEW YORK , May 1, 2018 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) today announced that its Capital Equipment Finance unit, part ...

  • PR Newswire27 days ago

    U.S. Small Businesses Anticipate Growth And Expansion In 2018

    CIT's recent survey measures small business expectations and priorities NEW YORK , April 30, 2018 /PRNewswire/ --  CIT Direct Capital , the national online small business lending unit of CIT Group (NYSE: ...

  • PR Newswirelast month

    CIT Announces Its Intention to Commence a Cash Tender Offer for Up To $500,000,000 of its Common Stock

    NEW YORK, April 25, 2018 /PRNewswire/ -- CIT Group Inc. (CIT) today announced its intention to commence a modified "Dutch auction" cash tender offer to purchase up to $500,000,000 of its common stock, par value $0.01 per share, on or about April 26, 2018. Under the terms of the proposed tender offer, CIT stockholders would have the opportunity to tender some or all of their shares at a price within a range, which is currently expected to be $50.00 to $56.00 per share.  The closing share price of CIT's common stock on April 24, 2018, the last trading day prior to today's announcement, was $52.52.  At the currently expected minimum price of $50.00 per share, CIT would repurchase a maximum of 10,000,000 shares, which represents approximately 8% of CIT's currently outstanding common stock.

  • CIT Group (CIT) Q1 Earnings Lag, Stock Falls, Provisions Up
    Zackslast month

    CIT Group (CIT) Q1 Earnings Lag, Stock Falls, Provisions Up

    CIT Group's (CIT) Q1 earnings reflect a rise in provision for credit losses and lower net interest income.

  • Thomson Reuters StreetEventslast month

    Edited Transcript of CIT earnings conference call or presentation 24-Apr-18 12:00pm GMT

    Q1 2018 CIT Group Inc Earnings Call

  • Risk Factors To Consider Before Investing In CIT Group Inc (NYSE:CIT)
    Simply Wall St.last month

    Risk Factors To Consider Before Investing In CIT Group Inc (NYSE:CIT)

    Improving credit quality as a result of post-GFC recovery has led to a strong environment for growth in the banking sector. As a small-cap bank with a market capitalisation ofRead More...

  • Associated Presslast month

    CIT: 1Q Earnings Snapshot

    On a per-share basis, the New York-based company said it had net income of 74 cents. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment ...

  • PR Newswirelast month

    CIT Announces First Quarter 2018 Results

    NEW YORK , April 24, 2018 /PRNewswire/ -- Highlights : First quarter net income available to common shareholders of $97 million or $0.74 per diluted common share; income from continuing operations available ...

  • ACCESSWIRElast month

    CIT Group Inc. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / April 24, 2018 / CIT Group Inc. (NYSE: CIT ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 24, 2018 at 8:00 AM Eastern Time. To listen ...

  • AmEx (AXP) Q1 Earnings Top on Higher Card Member Spending
    Zackslast month

    AmEx (AXP) Q1 Earnings Top on Higher Card Member Spending

    American Express' (AXP) Q1 shows a double-digit rise in billed business, revenues and earnings.