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 Porter & CompanyThe most serious warning of my careerWith the 2024 election just weeks away, a new crisis is barrelling down on America… one that could cleave the financial world in two the moment the polls close. I predict they could see investment losses of 50% (or more) in the weeks following the presidential election. Click here now to grab your seat 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… The most serious warning of my career (Ad)With the 2024 election just weeks away, a new crisis is barrelling down on America… one that could cleave the financial world in two the moment the polls close. I predict they could see investment losses of 50% (or more) in the weeks following the presidential election. Click here now to grab your seat now. CIT Group Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 36th PercentileCIT Group scored higher than 36% of companies evaluated by MarketBeat, and ranked 729th out of 898 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 129.99.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 38.23.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 Media0.6 / 5News Sentiment0.24 News Coverage This WeekMarketBeat has tracked 2 news articles for CIT Group this week, compared to 3 articles on an average week.MarketBeat Follows1 people have added CIT Group to their MarketBeat watchlist in the last 30 days. 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, 2024 | financialpost.comMoody’s lifts outlook on four big regional banks to stable from negativeSeptember 19, 2024 | msn.comThe most serious warning of my careerWith the 2024 election just weeks away, a new crisis is barrelling down on America… one that could cleave the financial world in two the moment the polls close. I predict they could see investment losses of 50% (or more) in the weeks following the presidential election. September 25, 2024 | Porter & Company (Ad)US and UN condemn slaying of environmentalist in HondurasSeptember 17, 2024 | 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 earnings results on Monday, October, 25th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.39. The firm's quarterly revenue was down 8.9% compared to the same quarter last year. Does CIT Group have any subsidiaries? The following companies are subsidiaries of CIT Group: 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 Earnings10/25/2021Today9/24/2024Fiscal 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 The 10 Best AI Stocks to Own in 2024Wondering where to start (or end) with AI stocks? 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