CIT Group Inc

NYSE:CIT   3:59:59 PM EDT
51.74
-2.30 (-4.26%)
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Market Cap (Intraday)5.13B
Current PE16.39
Forward PE 10.35
2yr Forward PE 12.09
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Estimates Current Quarter
Revenue$519.28 Million
Adjusted EPS$0.79
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10-Day MA$52.90
50-Day MA$52.55
200-Day MA$39.46
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CIT Group Inc Stock, NYSE:CIT

11 West 42nd Street, New York, New York 10036-8002
United States of America
Phone: +1.212.461.5200
Number of Employees: 4500

Description

CIT 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.