Last $46.25 USD
Change Today +0.01 / 0.02%
Volume 1.1M
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

cit group inc (CIT) Snapshot

Open
$46.13
Previous Close
$46.24
Day High
$46.29
Day Low
$45.95
52 Week High
03/21/14 - $50.23
52 Week Low
05/15/14 - $41.06
Market Cap
8.1B
Average Volume 10 Days
878.3K
EPS TTM
$5.69
Shares Outstanding
176.0M
EX-Date
02/11/15
P/E TM
8.1x
Dividend
$0.60
Dividend Yield
1.19%
Current Stock Chart for CIT GROUP INC (CIT)

cit group inc (CIT) Details

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. Its Transportation & International Finance segment offers leasing and financing solutions to operators and suppliers in the aviation and railcar industries. It offers aircraft leasing, lending, asset management, and advisory services to airlines; and term loans, leases, pre-delivery financing, fractional share financing, and vendor/manufacturer financing for corporate and private owners of business jets. This segment also provides secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels; and equipment financing, lending, and leasing to small and middle-market businesses. The company’s North American Commercial Finance segment offers commercial services, such as factoring, receivable management products, and secured financing to apparel, textile, furniture, home furnishings, and consumer electronics industries; corporate finance, including financing options and advisory services to commercial and industrial, communications, media and entertainment, energy, and healthcare industries; leasing and equipment loan solutions; and commercial real estate loans to developers and other commercial real estate professionals. The company also offers various products and services, including acquisition and expansion financing, asset-based loans, credit protection, debtor-in-possession/turnaround financing, deposits, enterprise value and cash flow loans, financial risk management, import and export financing, insurance, letters of credit/trade acceptances, mergers and acquisition advisory services, and secured lines of credit, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.

3,360 Employees
Last Reported Date: 02/20/15
Founded in 1908

cit group inc (CIT) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.0M
President, Chairman of CIT Bank, Chief Execut...
Total Annual Compensation: $752.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $501.9K
President of Transportation & International F...
Total Annual Compensation: $501.9K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $501.9K
Compensation as of Fiscal Year 2013.

cit group inc (CIT) Key Developments

CIT Group Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014

CIT Group Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $306.2 million against $307.2 million a year ago. Net interest revenue was $29.3 million against $39.7 million a year ago. Income from continuing operations before benefit (provision) for income taxes was $222.4 million against $153.6 million a year ago. Income from continuing operations was $252 million or $1.37 per diluted share against $123 million or $0.61 per diluted share a year ago. Net income was $251 million or $1.37 per diluted share against $129.9 million or $0.65 per diluted share a year ago. For the year, the company reported total interest income of $1,226.5 million against $1,255.2 million a year ago. Net interest revenue was $140.3 n against $194.3 n a year ago. Income from continuing operations before benefit (provision) for income taxes was $680.8 million against $734.2 million a year ago. Income from continuing operations was $1,077.5 million or $5.69 per diluted share against $644.4 million or $3.19 per diluted share a year ago. Net income was $1,130.0 million or $5.96 per diluted share against $675.7 million or $3.35 per diluted share a year ago. Book value per share at December 31, 2014 grew to $50.13 from $49.10 at September 30, 2014 and $44.78 at December 31, 2013. Tangible book value per share at December 31, 2014 increased to $46.83 from $45.87 at September 30, 2014 and $42.98 at December 31, 2013.

Winchester Electronics Corp. Selects CIT Group Inc as Lead Arranger and Administrative Agent

Winchester Electronics Corp. has selected CIT Group Inc. as lead arranger and administrative agent to acquire SRI Hermetics, or SRI.

CIT Group Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

CIT Group Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

 

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