CIT - CIT Group Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
46.41
0.00 (0.00%)
As of 11:45AM EDT. Market open.
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Previous Close46.41
Open46.28
Bid46.49 x 800
Ask46.50 x 1300
Day's Range45.67 - 46.81
52 Week Range35.50 - 54.55
Volume161,719
Avg. Volume708,404
Market Cap4.395B
Beta (3Y Monthly)1.59
PE Ratio (TTM)10.45
EPS (TTM)4.44
Earnings DateOct 21, 2019 - Oct 25, 2019
Forward Dividend & Yield1.40 (2.99%)
Ex-Dividend Date2019-08-08
1y Target Est55.82
Trade prices are not sourced from all markets
  • PR Newswire

    CIT Names David Bagatelle Head of Relationship Commercial Banking, Eastern Region

    NEW YORK, Sept. 18, 2019 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that David S. Bagatelle has joined the company as a managing director and will lead the relationship commercial banking activity in the Eastern region. In this role, Bagatelle will deliver an integrated product offering from across CIT to small and midsized clients, as well as their owners and senior managers, in the region. "Dave is a seasoned banker with a distinguished track record, and we are pleased to have him join the CIT team as we continue to expand our commercial banking capabilities and further deepen our client relationships," said CIT Bank, N.A. President and Head of Commercial Banking Robert Rubino.

  • 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...

  • PR Newswire

    CIT Serves as Sole Lead Arranger on $27.2 Million Financing for Texas Assisted Living Facilities

    NEW YORK , Sept. 12, 2019 /PRNewswire/ --  CIT Group Inc.  (NYSE: CIT) today announced that its Healthcare Finance  business served as sole lead arranger for a $27.2 million loan for two assisted living ...

  • PR Newswire

    CIT Serves as Sole Lead Arranger on $34 Million Financing for Texas Assisted Living Facility

    NEW YORK , Sept. 10, 2019 /PRNewswire/ --  CIT Group Inc.  (NYSE: CIT) today announced that its Healthcare Finance  unit served as sole lead arranger on a $34 million financing for an assisted living facility ...

  • PR Newswire

    CIT Leads $140 Million Financing for California Solar Project

    NEW YORK , Sept. 10, 2019 /PRNewswire/ --  CIT Group Inc.  (NYSE: CIT) today announced its  Power and Energy  business served as coordinating lead arranger for $140 million in debt financing to support ...

  • CIT and Operation HOPE Introduce Launch and Grow in Southern California
    PR Newswire

    CIT and Operation HOPE Introduce Launch and Grow in Southern California

    A HOPE Inside Program Presented by CIT to Empower Women Entrepreneurs PASADENA, Calif. , Sept. 4, 2019 /PRNewswire/ --  CIT Group Inc. , and its Southern California retail branch bank OneWest Bank , today ...

  • PR Newswire

    CIT to Present at Barclays Global Financial Services Conference

    NEW YORK , Sept. 3, 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 ...

  • 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...

  • PR Newswire

    CIT Names David Harnisch President of Commercial Finance as Jim Hudak Retires

    NEW YORK , Aug. 26, 2019 /PRNewswire/ -- CIT Group Inc . (NYSE: CIT) today announced that David Harnisch will join the company as president of Commercial Finance, effective Sept. 23, 2019 . Harnisch will ...

  • 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.

  • OneWest Bank Launches New Promotion Supporting Local Small Businesses
    PR Newswire

    OneWest Bank Launches New Promotion Supporting Local Small Businesses

    Customers can earn up to $600 PASADENA, Calif. , Aug. 21, 2019 /PRNewswire/ --  OneWest Bank , CIT's Southern California retail bank division, today announced a new small business banking promotion  for ...

  • PR Newswire

    CIT Names Philip Robbins as President of Asset Management and Capital Markets

    NEW YORK , Aug. 20, 2019 /PRNewswire/ -- CIT Group Inc . (NYSE: CIT) today announced that Philip Robbins has joined the company as the president of Asset Management and Capital Markets. In this role, he ...

  • 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...

  • OneWest Bank Now Offers Zelle®
    PR Newswire

    OneWest Bank Now Offers Zelle®

    PASADENA, Calif., Aug. 14, 2019 /PRNewswire/ -- OneWest Bank, CIT's Southern California branch network, today announced Zelle® is now available in its mobile banking app, providing customers a fast, safe and easy way to send and receive money with friends, family and others they trust. "We're pleased to offer Zelle as it provides ease and convenience for our customers by enabling them to send or receive money in a matter of minutesi," said Heather Ellison, head of Retail Banking for OneWest Bank. Zelle provides consumers a digitally convenient alternative to cash and checks by allowing for funds to be sent from one bank account in the U.S. to another, using only a recipient's email address or U.S. mobile number.

  • 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%.

  • CIT to Acquire Mutual of Omaha Bank
    PR Newswire

    CIT to Acquire Mutual of Omaha Bank

    - Enhances and diversifies CIT's funding profile with Mutual of Omaha Bank's market-leading homeowners association banking business, a source of scalable lower-cost deposits - Extends middle market commercial ...

  • OneWest Bank Names Rolland Mattoon as Director of Small Business
    PR Newswire

    OneWest Bank Names Rolland Mattoon as Director of Small Business

    PASADENA, Calif. , Aug. 7, 2019 /PRNewswire/ --  OneWest Bank , CIT's Southern California branch network, today announced that Rolland Mattoon has joined the company as director of Small Business. In this ...

  • 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.

  • PR Newswire

    CIT Names Ken Martin as Managing Director of Small Business Solutions Unit

    PORTSMOUTH, N.H. , Aug. 5, 2019 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that Ken Martin has joined the company as managing director of the Small Business Solutions unit, which is part ...