CIT - CIT Group Inc.

NYSE - NYSE Delayed Price. Currency in USD
+0.38 (+0.72%)
At close: 4:03PM EDT

52.90 0.00 (0.00%)
After hours: 4:03PM EDT

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Previous Close52.52
Bid52.95 x 100
Ask54.21 x 200
Day's Range52.89 - 54.01
52 Week Range43.25 - 56.14
Avg. Volume937,167
Market Cap6.83B
PE Ratio (TTM)18.93
EPS (TTM)2.79
Earnings DateApr 23, 2018 - Apr 27, 2018
Forward Dividend & Yield0.64 (1.20%)
Ex-Dividend Date2018-05-10
1y Target Est56.15
Trade prices are not sourced from all markets
  • PR Newswire10 hours ago

    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
    Zacks13 hours ago

    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 StreetEvents21 hours ago

    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.yesterday

    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 Pressyesterday

    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 Newswireyesterday

    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 ...

  • ACCESSWIRE2 days ago

    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
    Zacks6 days ago

    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.

  • PR Newswire9 days ago

    CIT Declares Dividends

    NEW YORK , April 16, 2018 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.16 per common share on its outstanding common ...

  • PR Newswire15 days ago

    CIT to Announce First Quarter 2018 Financial Results

    Conference Call and Audio Webcast Scheduled for 8 a.m. ET, April 24 NEW YORK , April 10, 2018 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) today announced it will issue its first quarter 2018 financial ...

  • PR Newswire16 days ago

    OneWest Bank Announces New Small Business Banking Promotion

    Offer valid for new and established small businesses across Southern California Supports the Launch + Grow small business campaign PASADENA, Calif. , April 9, 2018 /PRNewswire/ --  OneWest Bank , the Southern ...

  • See what the IHS Markit Score report has to say about CIT Group Inc.
    Markit16 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.

  • PR Newswire22 days ago

    CIT Serves As Sole Lead Arranger on Nearly $36 Million Financing for Nordic Solar

    Financing will support operation of community solar projects in Minnesota NEW YORK , April 3, 2018 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending and leasing services, ...

  • Investopedia28 days ago

    4 Bank Stocks to Outperform in 2018: Oppenheimer

    Fundamentals remain 'very stable and solid' in the financial space, according to one bull.

  • PR Newswire28 days ago

    CIT Northbridge Serves as Sole Lead Arranger on $20 Million Credit Facility for Arkos Field Services

    Financing to support continued growth in the energy industry aftermarket NEW YORK , March 28, 2018 /PRNewswire/ --  CIT Group Inc. (NYSE: CIT) announced today that CIT Northbridge Credit served as sole ...

  • PR Newswire29 days ago

    CIT and Operation HOPE Launch Video Series to Empower Small Business Owners

    The Launch and Grow series will run through Financial Literacy Month and features small business owners sharing their successes, tips and challenges NEW YORK , March 27, 2018 /PRNewswire/ --  CIT Group ...

  • What Is CIT Group Inc’s (NYSE:CIT) Share Price Doing?
    Simply Wall St.last month

    What Is CIT Group Inc’s (NYSE:CIT) Share Price Doing?

    CIT Group Inc (NYSE:CIT), operating in the financial services industry based in United States, saw a double-digit share price rise of over 10% in the past couple of months onRead More...

  • PR Newswirelast month

    CIT Bank Launches New Money Market Account Expanding Its Product Portfolio

    PASADENA, Calif., March 13, 2018 /PRNewswire/ -- CIT Bank, CIT Group's (CIT) national online bank (Member FDIC), today announced the launch of a new Money Market account adding to its suite of online savings products.  The new, fully electronic account allows customers to maximize their savings by earning interest while also ensuring funds remain accessible with the option to make transfers using applications such as People Pay. "CIT is pleased to expand its portfolio with the addition of this new Money Market account," said Steve Solk, president of Consumer Banking. Bill Pay, a free service to make one-time or recurring bill payments, will be added later this spring.

  • PR Newswirelast month

    CIT Names Sarah L. F. McAvoy as Corporate Treasurer

    NEW YORK , March 13, 2018 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that it has named Sarah L. F. McAvoy to the Corporate Treasurer position, effective March 19.  In this role, McAvoy ...

  • PR Newswire2 months ago

    CIT Announces Redemption Of Approximately $883 Million Of Its Unsecured Debt

    NEW YORK, March 9, 2018 /PRNewswire/ -- CIT Group Inc. (CIT) today announced that it has given notice of its intention to redeem on April 9, 2018 (the "Redemption Date") $500 million aggregate principal amount of its outstanding 3.875% Senior Unsecured Notes due February 2019 (the "3.875% Notes") and all of its outstanding $383 million aggregate principal amount 5.500% Senior Unsecured Notes due February 2019 (the "5.500% Notes" and together with the 3.875% Notes, the "Notes"). The 3.875% Notes will be redeemed at a redemption price equal to the greater of (x) 100% of the principal amount of the 3.875% Notes redeemed, and (y) the sum of the present values of the remaining scheduled payments of principal and interest on the 3.875% Notes to be redeemed that would be due after the related Redemption Date but for such redemption (exclusive of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Yield plus 35 basis points, plus, in either case, accrued and unpaid interest, to the Redemption Date, subject to the rights of holders of such notes on a relevant record date to receive interest due on a relevant interest payment date.

  • Moody's2 months ago

    Origen Manufactured Housing Contract Senior/Subordinate Asset-Backed Certificates, Series 2001-A -- Moody's upgrades $170 Million of securities backed by manufactured housing collateral issued from 1995 to 2006

    Moody's Investors Service (Moody's) has upgraded the ratings of thirty five tranches from twenty transactions, issued by multiple issuers from 1995 to 2006. The collateral backing these transactions consists ...

  • Reuters2 months ago

    Top U.S. bank regulator told to recuse himself from CIT Group matters

    A top U.S. bank regulator, Comptroller of the Currency Joseph Otting, must recuse himself from matters involving CIT Group Inc and other lenders with which he has had past financial ties, the agency's acting chief counsel said this week. Otting in January sold shares in companies he might regulate as head of the Office of the Comptroller of the Currency (OCC), which is the top regulator for national banks.

  • PR Newswire2 months ago

    CIT Adds to Sales Team in Office Imaging

    JACKSONVILLE, Fla. , March 7, 2018 /PRNewswire/ --  CIT Group Inc . (NYSE: CIT), a leading provider of commercial lending and leasing services, today announced three additions to its Equipment Finance ...

  • CIT Group's (CIT) Outlook Upgraded to Positive by Moody's
    Zacks2 months ago

    CIT Group's (CIT) Outlook Upgraded to Positive by Moody's

    CIT Group's (CIT) strong fundamentals and efforts to improve efficiency will go a long way in supporting profitability. These are the primary reasons for an outlook upgrade by Moody's.

  • Why Should You Hold on to CIT Group (CIT) Stock for Now
    Zacks2 months ago

    Why Should You Hold on to CIT Group (CIT) Stock for Now

    Business streamlining efforts and solid capital position poise CIT Group (CIT) well for the future. Yet, higher costs and poor asset quality remain concerns.