Daily Stock Analysis, CIT, CIT Group Inc, priceseries

CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following segments: Transportation and International Finance; North America Banking; Legacy Consumer Mortgages; Non-Strategic Portfolios; and Corporate and Other. The Transportation and International Finance segment provides leasing and financing solution to operators and suppliers in the aviation and railcar industries. The North America Banking segment consists of the following divisions: Commercial Banking, Commercial Real Estate, Commercial Services, Equipment Finance, and Consumer Banking. The Legacy Consumer Mortgages segment includes portfolios of mortgage loans and reverse mortgage loans. The Non-Strategic Portfolio segment involves in portfolios that no longer considered strategic. The Corporate and Other segment offers investments and other unallocated items, such as certain amortization of intangible assets. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.

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.