Daily Stock Analysis, CIT, CIT Group Inc, priceseries

CIT Group Inc. Daily Stock Analysis
Stock Information
Open
49.28
Close
49.78
High
50.23
Low
49.08
Previous Close
49.14
Daily Price Gain
0.64
YTD High
51.73
YTD High Date
Dec 12, 2017
YTD Low
38.95
YTD Low Date
Mar 22, 2017
YTD Price Change
7.69
YTD Gain
18.28%
52 Week High
51.73
52 Week High Date
Dec 12, 2017
52 Week Low
38.95
52 Week Low Date
Mar 22, 2017
52 Week Price Change
7.26
52 Week Gain
17.07%
Company Information
Stock Symbol
CIT
Exchange
NYSE
Company URL
http://www.cit.com
Company Phone
9737405000
CEO
Ellen Rose Alemany
Headquarters
New Jersey
Business Address
1 CIT DRIVE, LIVINGSTON, NJ 07039
Sector
Equity
Industry Category
Financial Services
Industry Group
Credit Services
CIK
0001171825
About

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 Non-Strategic Portfolios. The Commercial Banking segment consists of four divisions, commercial finance, rail, 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 Non-Strategic Portfolios segment consists of businesses and portfolios that we 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.

Description

CIT Group Inc. operates as the bank holding company for CIT Bank, National Association that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking, Consumer Banking, Non-Strategic Portfolios (NSP), and Corporate and Other segments. The Commercial Banking segment offers lending, leasing, and other financial and advisory services primarily to small and middle-market companies; factoring and secured financing services, as well as receivables management products to the retail supply chain; and equipment leasing and secured financing to the rail industry. The Consumer Banking segment provides mortgage loans, deposits, and private banking and fiduciary services. It accepts deposits, including checking and savings accounts, money market accounts, and certificates of deposit; and offers residential mortgage and small business administration loans, as well as reverse mortgages. The NSP segment provides equipment financing, secured lending, and leasing and advisory services to small and middle-market businesses. The Corporate and Other segment offers investments and other unallocated items, such as amortization of intangible assets. The company also offers acquisition and expansion financing, enterprise value and cash flow loans, import and export financing, and letters of credit/trade acceptances; and account receivables collection, asset management, credit protection, cash management and payment, debt restructuring, debt underwriting and syndication, financial risk management, insurance, merger and acquisition advisory, and online banking services. It offers its services through 70 branches located in southern California, as well as through other offices worldwide. CIT Group Inc. was founded in 1908 and is based in Livingston, New Jersey.