Notice: This company has been marked as potentially delisted and may not be actively trading. NYSE:CIT CIT Group (CIT) Stock Price, News & Analysis Add Compare Share Share Stock Analysis Stock Analysis Get CIT Group alerts: Email Address About CIT Group Stock (NYSE:CIT) 30 days 90 days 365 days Advanced Chart Ad Investors AlleyForget Trump and KamalaI hope you're deleting all those emails telling you how to make "1,000% gains" from the magic "Kamala Trade". It's nonsense. No one knows what's going to happen in November.THIS CALENDAR is the only thing that matters for you and your financial health right now. Get CIT Group alerts:Sign Up Key Stats Today's Range$51.36▼$54.3350-Day Range$46.31▼$53.6152-Week Range$34.77▼$56.62Volume32.81 million shsAverage Volume778,897 shsMarket Capitalization$5.31 billionP/E Ratio7.80Dividend Yield2.62%Price TargetN/AConsensus RatingN/A Company OverviewCIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Corporate. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Corporate segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.Read More… Forget Trump and Kamala (Ad)I hope you're deleting all those emails telling you how to make "1,000% gains" from the magic "Kamala Trade". It's nonsense. No one knows what's going to happen in November.THIS CALENDAR is the only thing that matters for you and your financial health right now. CIT Group Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 33rd PercentileCIT Group scored higher than 33% of companies evaluated by MarketBeat, and ranked 746th out of 904 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's OpinionN/AAnalyst RatingN/A Consensus RatingThere is not enough analysis data for CIT Group.Read more about CIT Group's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings Growth-38.62% Earnings GrowthEarnings for CIT Group are expected to decrease by -38.62% in the coming year, from $7.51 to $4.61 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CIT Group is 7.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.55.Price to Earnings Ratio vs. SectorThe P/E ratio of CIT Group is 7.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.58.Price to Book Value per Share RatioCIT Group has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Short InterestN/AShort Interest LevelN/A Short InterestThere is no current short interest data available for CIT. Dividend2.5 / 5Dividend StrengthModerate Dividend YieldCIT Group pays a meaningful dividend of 2.62%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCIT Group does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of CIT Group is 20.41%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, CIT Group will have a dividend payout ratio of 30.37% next year. This indicates that CIT Group will be able to sustain or increase its dividend.Read more about CIT Group's dividend. Sustainability and ESG3.6 / 5Environmental Score-0.33 Short InterestThere is no current short interest data available for CIT. News and Social Media0.0 / 5News Sentiment0.24 News Coverage This WeekMarketBeat has tracked 3 news articles for CIT Group this week, compared to 3 articles on an average week. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, CIT Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.65% of the stock of CIT Group is held by insiders.Percentage Held by Institutions91.20% of the stock of CIT Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about CIT Group's insider trading history. Receive CIT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CIT Group and its competitors with MarketBeat's FREE daily newsletter. Email Address CIT Stock News Headlines10 years without remedy for the damages caused by Grupo Mexico’s toxic spillSeptember 19 at 8:01 PM | financialpost.comMoody’s lifts outlook on four big regional banks to stable from negativeSeptember 19 at 10:24 AM | msn.comTrump’s “Tax Free” Retirement StrategySince 1924 — over one hundred years — the US dollar has lost nearly 18x its value. If you're planning on retiring any time soon... Every retirement dollar you have invested in paper assets will only continue to drop in value. We just released a Free Guide that reveals all the details.September 20, 2024 | Gold Safe Exchange (Ad)US and UN condemn slaying of environmentalist in HondurasSeptember 17 at 4:04 PM | financialpost.comFraser Institute News Release: Reducing business tax rate to 8% across Atlantic provinces would benefit workers; encourage growth and competitiveness in regionSeptember 12, 2024 | financialpost.comOne In Custody Following Barricade At Vacant Home In Montgomery County: Park PoliceSeptember 7, 2024 | msn.comSports betting firm bet365 fined $33K for taking bets after outcomes were knownSeptember 6, 2024 | financialpost.comShohei Ohtani Becomes New Beats Brand AmbassadorSeptember 4, 2024 | financialpost.comSee More Headlines CIT Stock Analysis - Frequently Asked Questions How were CIT Group's earnings last quarter? CIT Group Inc. (NYSE:CIT) posted its quarterly earnings results on Monday, October, 25th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.39. The company's quarterly revenue was down 8.9% compared to the same quarter last year. Does CIT Group have any subsidiaries? CIT Group subsidiaries include these companies: OneWest Bank N.A, 1143986 Ontario Limited, 1244771 Ontario Limited, 3918041 Canada Inc., 544211 Alberta Ltd., 555565 Alberta Ltd., 555566 Alberta Ltd., and more. What other stocks do shareholders of CIT Group own? Based on aggregate information from My MarketBeat watchlists, some other companies that CIT Group investors own include Bank of America (BAC), Delta Air Lines (DAL), Citigroup (C), JPMorgan Chase & Co. (JPM), AT&T (T), Exxon Mobil (XOM) and Kinder Morgan (KMI). Company Calendar Last Earnings10/25/2021Today9/20/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry National Commercial Banks Sub-IndustryRegional Banks Current SymbolNYSE:CIT CUSIP12558180 CIK1171825 Webwww.cit.com Phone(212) 461-5200Fax212-461-5200Employees4,163Year Founded1908Profitability EPS (Most Recent Fiscal Year)$6.86 Trailing P/E Ratio7.80 Forward P/E Ratio7.12 P/E GrowthN/ANet Income$-615,300,000.00 Net Margins23.98% Pretax Margin32.41% Return on Equity15.12% Return on Assets1.47% Debt Debt-to-Equity Ratio0.75 Current Ratio0.93 Quick Ratio0.93 Sales & Book Value Annual Sales$3.15 billion Price / Sales1.68 Cash Flow$8.56 per share Price / Cash Flow6.25 Book Value$52.75 per share Price / Book1.01Miscellaneous Outstanding Shares99,170,000Free Float98,525,000Market Cap$5.31 billion OptionableOptionable Beta1.48 Social Links 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report This page (NYSE:CIT) was last updated on 9/20/2024 by MarketBeat.com Staff From Our PartnersThis Crypto Is Set to Explode in SeptemberWith thousands of cryptocurrencies out there, it's crucial to focus on the ONE that has the potential to make ...Crypto 101 Media | SponsoredElon Musk’s chilling warning for humanityThe 'invasion' I've discovered has nothing to do with the border crisis. What's happening at our southern bord...The Freeport Society | SponsoredHow the US Will Win the Great Lithium RaceChina spent $60B+ on lithium infrastructure in the past decade. It possesses 7.9% of the world’s supply, but i...DealMaker | SponsoredThe Perfect Storm for an EV RevoltWith constant talk about Artifical Intelligence, inflation, and the upcoming election clogging the airwaves......Eagle Publishing | SponsoredTrump’s “Tax Free” Retirement StrategySince 1924 — over one hundred years — the US dollar has lost nearly 18x its value. If you're planning on re...Gold Safe Exchange | SponsoredThe election trade you can't losePolitics is an unpredictable game. But no matter what happens in the next few months... There's one thin...Investors Alley | SponsoredAre You Ready for a Small-Cap Rally?Jeff Bezos has just made a bold move into Quantum Computing as a Service (QaaS), a technology set to disrupt i...InvestorPlace | SponsoredMust-Know for Trading OptionsOptions are becoming increasingly popular among investors – with demand hitting record highs for 3 years in a ...Unstoppable Prosperity | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding CIT Group Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Share CIT Group With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.