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CIT Group stock price, quote, forecast and news

CIT
US1255818015
A0YGL2

Price

53.50
Today +/-
+0
Today %
+0 %
P

CIT Group stock price

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Weekly
Details

Price

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Overview

The Quote Chart provides detailed and dynamic insights into the CIT Group stock's performance, showcasing daily, weekly, or monthly aggregated quotes. Users can switch between different time frames to analyze the stock's progression meticulously and make informed investment decisions.

Intraday Feature

The intraday feature provides real-time data, allowing investors to view the CIT Group stock’s price fluctuations within the trading day, facilitating timely and strategic investment decisions.

Total Return and Relative Price Change

View the total return of the CIT Group stock to gauge its profitability over time. The relative price change, based on the first quote available in the selected timeframe, offers insights into the stock’s performance, assisting in evaluating its investment potential.

Interpretation and Investment

Utilize the comprehensive data presented in the Quote Chart to analyze CIT Group's market trends, price movements, and potential returns. Make informed investment choices by comparing different time frames and evaluating intraday data for optimized portfolio management.

CIT Group Stock Price History

DateCIT Group Price
1/3/202253.50 undefined
12/31/202151.34 undefined

CIT Group Revenue, EBIT, Net Income

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Revenue
Net Income
Details

Revenue, EBIT and Profit

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Understanding Revenue, EBIT, and Income

Gain insights into CIT Group, a comprehensive overview of its financial performance can be obtained by analyzing the Revenue, EBIT, and Income chart. Revenue represents the total income generated by CIT Group from its primary operations, showcasing the company’s ability to attract and retain clients. EBIT, or Earnings Before Interest and Taxes, indicates the company’s operational profitability, free from the influence of tax and interest expenses. The Income section reflects CIT Group’s net earnings, an ultimate measure of its financial health and profitability.

Yearly Analysis and Comparisons

Observe the yearly bars to understand the annual performance and growth of CIT Group. Compare the Revenue, EBIT, and Income to evaluate the company’s efficiency and profitability. A higher EBIT compared to the previous year suggests an improvement in operational efficiency. Likewise, an increase in Income indicates enhanced overall profitability. Analyzing the year-to-year comparison assists investors in understanding the company’s growth trajectory and operational efficiency.

Utilizing Expectations for Investment

The expected values for the forthcoming years offer investors a glimpse into CIT Group’s anticipated financial performance. Analyzing these projections alongside historical data aids in making informed investment decisions. Investors can gauge the potential risks and returns, aligning their investment strategies accordingly to optimize profitability and mitigate risks.

Investment Insights

Leveraging the comparison between Revenue and EBIT helps in assessing CIT Group’s operational efficiency, while the Revenue and Income comparison reveals the net profitability after accounting for all expenses. Investors can derive valuable insights by meticulously analyzing these financial parameters, laying the foundation for strategic investment decisions aimed at capitalizing on CIT Group’s growth potential.

CIT Group Revenue, EBIT and net profit per share

DateCIT Group RevenueCIT Group Net Income
2025e2.26 B undefined338.47 M undefined
2024e2.17 B undefined406.26 M undefined
2023e2.1 B undefined492.5 M undefined
2022e1.87 B undefined450.1 M undefined
2021e1.93 B undefined786.81 M undefined
20203.15 B undefined-615.3 M undefined
20193.29 B undefined529.9 M undefined
20183.27 B undefined447.1 M undefined
20173.21 B undefined468.2 M undefined
20163.09 B undefined-848 M undefined
20152.61 B undefined1.03 B undefined
20142.37 B undefined1.12 B undefined
20133.53 B undefined675.7 M undefined
20123.91 B undefined-592.3 M undefined
20114.85 B undefined14.8 M undefined
20106.37 B undefined521.3 M undefined
20093.93 B undefined184.3 M undefined
20086.1 B undefined-2.8 B undefined
20077.81 B undefined-81 M undefined
20066.22 B undefined1.05 B undefined
20055.76 B undefined949.1 M undefined
20044.65 B undefined753.6 M undefined
20034.57 B undefined572.3 M undefined
20021.23 B undefined144 M undefined
20014.55 B undefined263.3 M undefined

CIT Group Income Statement, Balance Sheet, Cash Flow Statement

  • Simple

  • Expanded

  • Income Statement

  • Balance Sheet

  • Cashflow

 
REVENUE (B)REVENUE GROWTH (%)GROSS MARGIN (%)GROSS INCOME (M)EBIT (M)EBIT MARGIN (%)NET INCOME (B)NET INCOME GROWTH (%)SHARES (M)DOCUMENTS
19992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021e2022e2023e2024e2025e
2.926.164.551.234.574.655.766.227.816.13.936.374.853.913.532.372.613.093.213.273.293.151.931.872.12.172.26
-111.25-26.19-72.99271.991.7323.938.0425.44-21.87-35.5762.18-23.90-19.39-9.62-32.9510.2618.423.692.060.49-4.23-38.67-3.3612.213.444.43
---------------------------
000000000000000000000000000
0000000000000000000000299216000
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0.390.610.260.140.570.750.951.05-0.08-2.80.180.520.01-0.590.681.121.03-0.850.470.450.53-0.620.790.450.490.410.34
-57.07-56.96-45.25297.2231.6426.0310.22-107.743,355.56-106.57183.15-97.31-4,328.57-214.0265.78-7.60-182.01-155.19-4.4918.34-216.26-227.80-42.759.33-17.48-16.75
200.2200.2212.5211.8213.1215.1210.7203.1193.9259.1399.6200.6200.8200.9201.7189.5186.4201.9164118.896.998.400000
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Details

Keystats

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Revenue and Growth

The CIT Group Revenue and Revenue Growth are pivotal to understanding the company's financial health and operational efficiency. A consistent increase in revenue indicates a company’s ability to effectively market and sell its products or services, while the revenue growth percentage offers insights into the pace at which the company is expanding over the years.

Gross Margin

The Gross Margin is a crucial metric that showcases the percentage of revenue exceeding the cost of goods sold (COGS). A higher gross margin is indicative of a company’s efficiency in controlling its production costs, thereby promising potential profitability and financial stability.

EBIT and EBIT Margin

EBIT (Earnings Before Interest and Taxes) and EBIT Margin offer deep insights into a company’s profitability, excluding the impacts of interest and taxes. Investors often assess these metrics to gauge the operational efficiency and inherent profitability of a business, separate from its financial structure and tax environment.

Income and Growth

Net Income and its subsequent growth are quintessential for investors looking to understand a company’s profitability. Consistent income growth underscores a company’s ability to enhance its profitability over time, reflecting operational efficiency, strategic competitiveness, and financial health.

Shares Outstanding

Shares outstanding refer to the total number of shares a company has issued. It's instrumental in calculating key metrics like Earnings Per Share (EPS) which is pivotal for investors to evaluate a company’s profitability on a per-share basis, offering a more granular view of financial health and valuation.

Interpreting Year to Year Comparison

Comparing yearly data allows investors to identify trends, assess the company’s growth, and anticipate potential future performance. Analyzing how metrics like revenue, income, and margins change year over year can provide valuable insights into the company’s operational efficiency, competitiveness, and overall financial health.

Expectations and Predictions

Investors often juxtapose the current and past financial data with the market’s expectations. This comparison aids in assessing whether the CIT Group is performing as anticipated, underperforming or outperforming the market predictions, providing pivotal data for investment decisions.

 
ASSETSCASH BALANCE (M)RECEIVABLES (M)OTHER REC. (M)INVENTORIES (M)OTHER CURRENT LIAB. (M)CURRENT ASSETS (M)TANGIBLE ASSETS (B)LONG-T. INVEST. (M)LONG-T. REC. (M)INTANGIBLE ASSETS (M)GOODWILL (B)OTHER NON-CURRENT ASSETS (B)NON-CURRENT ASSETS (B)TOTAL ASSETS (B)LIABILITIESCOMMON STOCK (B)ADDITIONAL PAID-IN CAPITAL (B)RETAINED EARNINGS (B)OTHER EQUITY (M)UNREAL. GAINS/LOSSES (M)EQUITY (B)LIABILITIES (M)PROVISIONS (M)OTHER SHORT-TERM LIAB. (M)SHORT-TERM DEBTS (M)LONG-TERM DEBT PORTION (B)SHORT-TERM REC. (B)LONG-T. LIAB. (B)DEFERRED TAXES (M)OTHER LIAB. (B)LONG-T. LIABILITIES (B)DEBT (B)TOTAL CAPITAL (B)
200020012002200320042005200620072008200920102011201220132014201520162017201820192020
                                         
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000000
000000000000000000000
7.196.46.717.628.299.6411.0212.812.8811.0211.1612.0912.4913.1215.067.057.686.917.137.688.22
000000037648737400000175220248314366427
000000000000000000000
0000000002251196432001661411138966135
1.976.550.40.490.61.011.011.150.70.280.360.350.350.340.571.060.690.370.370.370
00000009.310.04000.110.764.971.7416.3314.062.970.480.090.78
9.1612.957.118.18.8910.6512.0323.6414.1111.8911.6312.6113.6218.4217.3724.7822.7810.618.388.579.57
9.1612.957.118.18.8910.6512.0323.6414.1111.8911.6312.6113.6218.4217.3724.7822.7810.618.388.579.57
                                         
00.260.26000.50.50.52.99000000000.330.330.530.53
3.535.8410.6810.6810.6710.6310.6810.4511.478.48.438.468.58.568.68.728.778.86.816.856.89
2.60.18-5.61-5.14-4.5-3.69-2.84-2.95-5.8100.50.52-0.080.581.622.521.551.911.922.311.43
12-77-201-142-58115130195-2060-1-83-78-74-134-135-127-63-91-62-55
000000000000000-7-13-24-871091
6.156.215.135.46.127.568.478.28.448.48.948.98.359.0610.0911.110.1810.958.889.648.88
00000000543558035223724724420218187929388
0000000074544104920000000243250
00000000-143-265039186180319215251204107167122
000000000000000000000
0000000000001.432.513.053.092.310.2300.010
000000001.150.7300.881.852.943.623.512.740.520.20.520.46
28.931.8526.7129.533.5142.3852.9463.7263.7543.2634.0526.3120.5415.9715.413.2610.225.054.524.814.74
000000000000000000000
2.432.392.273.93.854.194.139.64.532.243.992.792.86.153.16.25.862.542.471.812.47
31.3334.2428.9833.3937.3646.5757.0773.3268.2845.5138.0429.123.3422.1218.5119.4616.077.596.996.627.21
31.3334.2428.9833.3937.3646.5757.0773.3269.4346.2438.0429.9925.1925.0622.1222.9718.818.117.197.147.67
37.4840.4534.138.7943.4854.1365.5481.5277.8754.6446.9838.8833.5434.1232.2134.0728.9919.0516.0716.7816.55
Details

Balance Sheet

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Understanding the Balance Sheet

The balance sheet of CIT Group provides a detailed financial snapshot, revealing the company's assets, liabilities, and equity at a specific point in time. Analyzing these components is crucial for investors looking to understand CIT Group's financial health and stability.

Assets

CIT Group's assets represent everything the company owns or controls that has monetary value. These are categorized into current and non-current assets, offering insights into the company's liquidity and long-term investments.

Liabilities

Liabilities are obligations that CIT Group must settle in the future. Analyzing the ratio of liabilities to assets provides insights into the company's financial leverage and risk exposure.

Equity

Equity refers to the residual interest in the assets of CIT Group after deducting liabilities. It represents the owners’ claim on the company’s assets and earnings.

Year-to-Year Analysis

Comparing balance sheet figures year-to-year allows investors to identify trends, growth patterns, and potential financial risks, facilitating informed investment decisions.

Interpreting the Data

Detailed analysis of assets, liabilities, and equity can provide investors with comprehensive insights into CIT Group's financial standing, aiding in investment evaluations and risk assessments.

 
NET INCOME (B)DEPRECIATION (B)DEFERRED TAXES (M)CHANGES IN WORKING CAPITAL (B)NON-CASH ITEM (B)PAID INTEREST (B)PAID TAXES (M)NET CASH FLOW FROM OPERATING ACTIVITIES (B)CAPITAL EXPENDITURES (M)CASH FLOW FROM INVESTING ACTIVITIES (B)CASH FLOW FROM OTHER INVESTING ACTIVITIES (B)INTEREST INCOME AND EXPENSES (M)NET DEBT CHANGE (B)NET CHANGE IN EQUITY (B)CASH FLOW FROM FINANCING ACTIVITIES (B)CASH FLOW FROM OTHER FINANCING ACTIVITIES (B)TOTAL DIVIDENDS PAID (M)NET CHANGE IN CASH FLOW (B)FREE CASH FLOW (M)SHARE-BASED COMPENSATION (M)
199920002001null2002200320042005200620072008200920102011201220132014201520162017201820192020
0.390.610.26-6.70.140.570.750.951.05-0.08-2.80.180.520.01-0.590.681.121.03-0.850.470.450.53-0.62
0.41.411.161.290.291.090.890.921.071.281.411.42-0.50.751.990.710.970.780.610.30.310.310.33
163211177276712653210000-116108573259-433-572978-39118115-95
0.240.05-0.440.19-0.030.78-0.091.05-0.71.440.343.880.90.43-0.20.070.06-0.081.31-0.450.1600.57
-0.11-0.37-0.146.31-0.05-0.22-0.230.02-0.16-0.311.27-3.3-0.44-0.39-0.32-0.19-0.340.030.350.26-0.05-0.030.29
0000000000002.691.941.2411.081.111.150.920.810.950.73
662846-434480115115159199-6-12425941868219-614025-41-66
1.081.911.031.360.422.481.642.941.252.330.222.070.590.860.911.321.381.192.410.530.980.930.48
-1,633-2,457-1,450-1,877-449-2,188-1,668-2,428-2,860-2,865-2,611-3,102-1,286-2,136-1,776-2,071-3,058-3,088-1,866-793-655-807-1,018
-4.55-4.550.992.320.18-4.28-5.05-6.69-11.51-10.75-1.125.2910.194.270.49-4.35-1.161.09-0.517.060.04-1.951.19
-2.92-2.092.444.20.63-2.09-3.39-4.26-8.65-7.891.498.3911.476.412.27-2.281.94.171.367.860.7-1.142.21
00000000000000000000000
4.582.56-2.75-3.43-0.811.843.855.029.1410.68-3.1-7.6-10.01-8.95-6.02-0.34-1.89-2.7-2.55-7.14-0.79-1.67-0.92
-0.05-0.070.771.1800-0.06-0.09-0.12-0.524.230.01000-0.19-0.78-0.530-3.11-1.63-0.150
4.472.39-2.03-2.25-0.841.743.654.911.210.460.85-5.22-10.53-7.21-2.332.480.94-0.9-2.97-13.08-0.941.91-0.35
-0.060000-0-0.030.122.370.52-0.082.46-0.521.743.693.033.72.45-0.3-2.721.593.870.75
0-105-520-25-101-110-141-193-221-199-91000-20-95-114-123-113-115-146-171
1-0.26-01.47-0.24-0.060.241.140.932.03-0.052.140.24-2.08-0.93-0.561.071.32-1.11-5.470.070.891.33
00000000000000000000000
00000000000000000000000

CIT Group stock margins

The CIT Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of CIT Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for CIT Group.

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Profit margin
Details

Margin

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Understanding Gross Margin

The gross margin, expressed as a percentage, delineates the gross profit made from the CIT Group's sales revenue. A higher gross margin percentage indicates that the CIT Group retains more revenue after accounting for the costs of goods sold. Investors use this metric to gauge financial health and operational efficiency, as well as to compare it with competitors and industry averages.

EBIT Margin Analysis

EBIT margin represents the CIT Group's earnings before interest and taxes. Analyzing the EBIT margin over different years provides insights into the operational profitability and efficiency, excluding the effects of financial leverage and tax structure. A growing EBIT margin over the years signifies improving operational performance.

Revenue Margin Insights

The revenue margin demonstrates the CIT Group's total revenue generated. When comparing the revenue margin year over year, investors can gauge the CIT Group's growth and market expansion. It is essential to compare the revenue margin with the gross and EBIT margins to understand the cost and profit structures better.

Interpreting Expectations

The expected values for gross, EBIT, and revenue margins provide future financial outlook of the CIT Group. Investors should compare these expectations with historical data to understand potential growth and risk factors. It is crucial to consider the underlying assumptions and methodologies used in projecting these expected values to make informed investment decisions.

Comparative Analysis

Comparing the gross, EBIT, and revenue margins, both yearly and over multiple years, enables investors to perform a comprehensive analysis of the CIT Group's financial health and growth prospects. Evaluating the trends and patterns in these margins helps in identifying strengths, weaknesses, and potential investment opportunities.

CIT Group Margin History

DateCIT Group Profit margin
2025e14.96 %
2024e18.75 %
2023e23.5 %
2022e24.1 %
2021e40.72 %
2020-19.53 %
201916.11 %
201813.66 %
201714.6 %
2016-27.41 %
201539.58 %
201447.24 %
201319.12 %
2012-15.15 %
20110.31 %
20108.18 %
20094.69 %
2008-45.9 %
2007-1.04 %
200616.81 %
200516.48 %
200416.21 %
200312.53 %
200211.72 %
20015.79 %

CIT Group Stock Sales Revenue, EBIT, Earnings per Share

The CIT Group earnings per share therefore indicates how much revenue CIT Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

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Sales per Share
Earnings per Share
Details

Revenue, EBIT and Earnings per share

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Revenue Per Share

Revenue per share represents the total revenue CIT Group earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates CIT Group's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of CIT Group’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating CIT Group's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

CIT Group Revenue, EBIT and net profit per share

DateCIT Group Sales per ShareCIT Group Earnings per Share
2025e22.95 undefined3.43 undefined
2024e21.98 undefined4.12 undefined
2023e21.25 undefined4.99 undefined
2022e18.94 undefined4.56 undefined
2021e19.59 undefined7.98 undefined
202032.02 undefined-6.25 undefined
201933.95 undefined5.47 undefined
201827.55 undefined3.76 undefined
201719.56 undefined2.85 undefined
201615.32 undefined-4.2 undefined
201514.02 undefined5.55 undefined
201412.5 undefined5.91 undefined
201317.52 undefined3.35 undefined
201219.46 undefined-2.95 undefined
201124.15 undefined0.07 undefined
201031.77 undefined2.6 undefined
20099.83 undefined0.46 undefined
200823.54 undefined-10.8 undefined
200740.26 undefined-0.42 undefined
200630.64 undefined5.15 undefined
200527.33 undefined4.5 undefined
200421.61 undefined3.5 undefined
200321.44 undefined2.69 undefined
20025.8 undefined0.68 undefined
200121.4 undefined1.24 undefined

CIT Group business model

CIT Group Inc is an American financial company headquartered in New York City. It was founded in 1908 under the name Commercial Investment Trust. Over the years, the company changed its name several times and became more specialized in financing businesses. The business model of CIT Group is based on financing businesses of different sizes. The company offers various products and services, such as commercial lending, equipment financing, factoring, and treasury & payment services. These products and services enable companies to realize their growth plans and improve their financial situation. CIT Group is divided into four divisions: commercial banking, consumer banking, transportation finance, and trade finance & services. The commercial banking division offers companies various credit and financing options. The consumer banking division offers retail customers checking and savings accounts, as well as credit cards. The transportation finance division focuses on financing transport companies and airlines. The trade finance & services division offers companies services related to trade and export. A well-known product of CIT Group is the SBA Loan. This is a loan guaranteed by the Small Business Administration (SBA). Such loans are aimed at small businesses in need of financial support. CIT Group is one of the largest providers of SBA Loans in the United States. Over the years, CIT Group has made several acquisitions. In 2015, for example, the company acquired OneWest Bank to strengthen its presence in the consumer banking sector. In 2016, CIT Group acquired Mutual of Omaha Bank to expand its business in the commercial banking sector. In 2008, CIT Group faced difficulties due to the financial crisis and had to rely on a government bailout. The company received a financial injection of $2.33 billion. In 2009, CIT Group was able to repay the government assistance. Today, CIT Group is one of the leading financial companies in the United States, specializing in financing businesses. The company offers a wide range of products and services and operates in various divisions. Through its numerous acquisitions, CIT Group has continuously expanded its business model and has become an important player in the US financial industry. CIT Group is one of the most popular companies on Eulerpool.com.

CIT Group SWOT Analysis

Strengths

1. Diverse range of financial products and services offered, including commercial lending, equipment financing, and leasing.

2. Established reputation and presence in the financial industry.

3. Strong financial performance and stable revenue streams.

Weaknesses

1. Reliance on borrowing and funding from wholesale markets, making it vulnerable to fluctuations in interest rates and market conditions.

2. Limited international presence compared to some competitors.

3. Higher exposure to risk due to concentration of lending in specific industries.

Opportunities

1. Expansion into emerging markets with growing demand for financial services.

2. Potential for partnerships or acquisitions to enhance product offerings and market reach.

3. Adoption of cutting-edge technologies to improve operational efficiency and provide innovative solutions to customers.

Threats

1. Intense competition from traditional banks, fintech firms, and other financial institutions.

2. Economic downturns and financial crises impacting borrowing and lending activities.

3. Regulatory changes and compliance requirements affecting the financial industry.

CIT Group Eulerpool Fair Value

Details

Fair Value

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Understanding Fair Value

The fair value of a stock provides insights into whether the stock is currently undervalued or overvalued. It is calculated based on profit, revenue, or dividends and offers a comprehensive perspective of the stock’s intrinsic value.

Income-Based Fair Value

This is calculated by multiplying the earnings per share by the average P/E ratio of the selected past years for smoothing. If the fair value is higher than the current market price, it suggests that the stock is undervalued.

Example 2022

Fair Value Profit 2022 = Earnings per Share 2022 / Average P/E Ratio 2019 - 2021 (3 Years Smoothing)

Revenue-Based Fair Value

It is derived by multiplying the revenue per share by the average price-to-sales ratio of the selected past years for smoothing. An undervalued stock is identified if the fair value exceeds the ongoing market price.

Example 2022

Fair Value Revenue 2022 = Revenue per Share 2022 / Average PSR 2019 - 2021 (3 Years Smoothing)

Dividend-Based Fair Value

This value is determined by dividing the dividend per share by the average dividend yield of the selected past years for smoothing. A higher fair value than the market price indicates an undervalued stock.

Example 2022

Fair Value Dividend 2022 = Dividend per Share 2022 * Average Dividend Yield 2019 - 2021 (3 Years Smoothing)

Expectations and Forecasts

Future expectations provide potential trajectories for stock prices and aid investors in decision-making. The expected values are forecasted figures of fair value, taking into account the growth or decline trends of profit, revenue, or dividend.

Comparative Analysis

Comparing the fair value based on profit, revenue, and dividend provides a holistic overview of the stock’s financial health. Observing the annual and per-annual variations contributes to understanding the consistency and reliability of stock performance.

CIT Group historical P/E ratio, EBIT, and P/S ratio.

CIT Group shares outstanding

The number of shares was CIT Group in 2023 — This indicates how many shares 98.4 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

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Number of stocks
Details

Revenue, EBIT and Earnings per share

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Revenue Per Share

Revenue per share represents the total revenue CIT Group earns, divided by the number of outstanding shares. It is a crucial metric as it reflects the company's ability to generate sales and signifies growth and expansion potential. Comparing yearly revenue per share allows investors to analyze the consistency in a company’s earnings and predict future trends.

EBIT Per Share

EBIT per share indicates CIT Group's earning before interest and taxes, offering insights into operational profitability excluding the effects of capital structure and tax rates. It can be juxtaposed against revenue per share to gauge the efficiency in converting sales into profits. A consistent increase in EBIT per share over the years underscores operational efficiency and profitability.

Income Per Share

Income per share, or earnings per share (EPS), reveals the portion of CIT Group’s profit allocated to each share of common stock. It’s instrumental in evaluating the profitability and financial health. By comparing it with revenue and EBIT per share, investors discern how effectively a firm translates sales and operational profits into net income.

Expected Values

Expected values are projections of revenue, EBIT, and income per share for forthcoming years. These anticipations, rooted in historical data and market analysis, aid investors in strategizing their investments, evaluating CIT Group's prospective performance, and estimating future stock prices. However, it’s pivotal to consider market volatilities and uncertainties that can influence these projections.

CIT Group dividend history and estimates

In 2023, CIT Group paid a dividend amounting to 1.14 USD. Dividend means that CIT Group distributes a portion of its profits to its owners.

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Dividend
Dividend (Estimate)
Details

Dividend

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Dividend Overview

The dividend per year chart for CIT Group provides a comprehensive view of the annual dividends distributed to shareholders. Analyze the trend to understand the consistency and growth in dividend payouts over the years.

Interpretation and Use

A consistent or increasing trend in dividends can indicate the company's profitability and financial health. Investors can use this data to identify CIT Group’s potential for long-term investment and income generation through dividends.

Investment Strategy

Incorporate the dividend data in evaluating CIT Group's overall performance. A thorough analysis, considering other financial aspects, will help in making informed investment decisions for optimal capital growth and income generation.

CIT Group Dividend History

DateCIT Group Dividend
2025e0.78 undefined
2024e0.93 undefined
2023e1.14 undefined
2022e1.03 undefined
2021e1.78 undefined
20201.4 undefined
20191.3 undefined
20180.82 undefined
20170.61 undefined
20160.6 undefined
20150.75 undefined
20140.65 undefined
20130.1 undefined

CIT Group dividend payout ratio

In 2023, CIT Group had a payout ratio of 22.9%. The payout ratio indicates the percentage of the company's profits that CIT Group distributes as dividends.

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Payout ratio

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What is Yearly Payout Ratio?

The yearly payout ratio for CIT Group represents the proportion of earnings paid out as dividends to shareholders. It is an indicator of the company's financial health and stability, illustrating how much profit is being returned to investors versus being reinvested back into the company.

How to Interpret the Data

A lower payout ratio for CIT Group could mean that the company is reinvesting more into its growth, whereas a higher ratio indicates more earnings are being distributed as dividends. Investors seeking regular income might prefer companies with a higher payout ratio, while those looking for growth may opt for companies with a lower ratio.

Using the Data for Investments

Evaluate CIT Group's payout ratio in conjunction with other financial metrics and performance indicators. A sustainable payout ratio, coupled with strong financial health, can indicate a reliable dividend payout. However, a very high ratio might suggest the company is not sufficiently reinvesting in its future growth.

CIT Group Payout Ratio History

DateCIT Group Payout ratio
2025e22.71 %
2024e22.61 %
2023e22.9 %
2022e22.62 %
2021e22.31 %
2020-22.39 %
201923.77 %
201821.79 %
201721.37 %
2016-14.29 %
201513.52 %
201411.01 %
20132.99 %
201222.31 %
201122.31 %
201022.31 %
200922.31 %
200822.31 %
200722.31 %
200622.31 %
200522.31 %
200422.31 %
200322.31 %
200222.31 %
200122.31 %
Unfortunately, there are currently no price targets and forecasts available for CIT Group.

CIT Group list of shareholders

%
Name
Stocks
Change
Date
9.72276 % The Vanguard Group, Inc.9,587,617-59,2019/30/2021
5.35124 % State Street Global Advisors (US)5,276,859-269,8239/30/2021
4.54804 % Alua Capital Management LP4,484,81909/30/2021
4.43192 % Lord, Abbett & Co. LLC4,370,317-10,0979/30/2021
3.78803 % Egerton Capital (UK) LLP3,735,3751,514,6719/30/2021
3.56088 % Fuller & Thaler Asset Management Inc.3,511,382221,0819/30/2021
3.20620 % Dimensional Fund Advisors, L.P.3,161,6356,5059/30/2021
3.13642 % Hotchkis and Wiley Capital Management, LLC3,092,827-29,8409/30/2021
2.33694 % Invesco Advisers, Inc.2,304,453-10,0329/30/2021
10.15701 % BlackRock Institutional Trust Company, N.A.10,015,825-223,0059/30/2021
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CIT Group Executives and Management Board

Mr. Joseph Otting58
CIT Group Co-President (since 2015)
Compensation 24.88 M
Mr. Nelson Chai55
CIT Group Co-President (since 2015)
Compensation 14.45 M
Ms. Ellen Alemany65
CIT Group Chairwoman and Chief Executive Officer of CIT Group and Chairwoman, CEO and President of CIT Bank (since 2016)
Compensation 9.58 M
Mr. Lawrence Marsiello62
CIT Group Vice Chairman and Chief Lending Officer (since 2003)
Compensation 6.27 M
Mr. Jeffrey Peek65
CIT Group Chairman of the Board, Chief Executive Officer (since 2005)
Compensation 5.39 M
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Most common questions regarding CIT Group

What values and corporate philosophy does CIT Group represent?

CIT Group Inc represents a set of core values and a corporate philosophy built on integrity, innovation, and collaboration. The company is committed to delivering exceptional financial solutions and services that empower its clients to thrive. With a strong focus on customer-centricity, CIT Group Inc strives to provide tailored solutions, fostering long-term relationships. Furthermore, the company upholds a culture of ethical behavior and transparency, ensuring accountability and trust. CIT Group Inc's dedication to continuous improvement and forward-thinking approaches enables it to adapt and shape the future of finance, driving growth and success for its stakeholders.

In which countries and regions is CIT Group primarily present?

CIT Group Inc is primarily present in the United States.

What significant milestones has the company CIT Group achieved?

CIT Group Inc has achieved several significant milestones throughout its history. One noteworthy achievement was the company's acquisition of OneWest Bank in 2015, which significantly expanded its banking footprint. CIT Group Inc also successfully transformed itself into a commercial bank holding company in 2008, allowing it to access funding from the Federal Reserve during the financial crisis. Furthermore, the company has consistently demonstrated its commitment to innovation by launching various technology-driven solutions, such as its proprietary digital platform, CIT Bank Direct. These achievements highlight CIT Group Inc's continuous efforts to adapt and grow, positioning itself as a prominent player in the financial services industry.

What is the history and background of the company CIT Group?

CIT Group Inc, a leading financial holding company, boasts a rich history and background. Established in 1908, it was originally known as Commercial Credit and Investment Company. Over the years, CIT has evolved into a prominent entity, providing financing, leasing, and advisory services to small and middle-market businesses worldwide. The company has been at the forefront of supporting industries like transportation, aerospace, and healthcare, fueling economic growth. CIT Group Inc has garnered a strong reputation for its commitment to innovation, customer-centric approach, and tailored financial solutions. With a legacy spanning over a century, CIT continues to empower businesses and shape the financial landscape.

Who are the main competitors of CIT Group in the market?

The main competitors of CIT Group Inc in the market include Ally Financial Inc, Bank of America Corporation, and JPMorgan Chase & Co. These financial institutions operate in the same industry and offer similar services as CIT Group Inc. However, CIT Group Inc differentiates itself through its specialized focus on commercial lending and leasing solutions for small and middle-market businesses. By catering to this niche market, CIT Group Inc has established a competitive edge and solidified its position among its industry peers.

In which industries is CIT Group primarily active?

CIT Group Inc is primarily active in the financial services industry.

What is the business model of CIT Group?

The business model of CIT Group Inc focuses on providing commercial lending and leasing services to small and middle-market businesses across various industries. CIT Group specializes in offering customized financing solutions to help businesses manage their cash flow, acquire essential assets, and support their growth initiatives. With expertise in sectors such as transportation, manufacturing, healthcare, and technology, CIT Group offers a range of financial products including asset-based lending, equipment financing, factoring, and treasury and payment solutions. As a leading provider of commercial finance, CIT Group Inc is committed to helping businesses thrive by providing flexible and reliable financing options tailored to their unique needs.

What is the P/E ratio of CIT Group 2024?

The CIT Group P/E ratio is 12.96.

What is the P/S ratio of CIT Group 2024?

The CIT Group P/S ratio is 2.43.

What is the AlleAktien quality score of CIT Group?

The AlleAktien quality score for CIT Group is 2/10.

What is the revenue of CIT Group 2024?

The expected CIT Group revenue is 2.17 B USD.

How high is the profit of CIT Group 2024?

The expected CIT Group profit is 406.26 M USD.

What is the business model of CIT Group

CIT Group Inc is an American financial company that was founded in 1908 and is headquartered in New York City. The company provides various financial services and is divided into three main business segments: CIT Commercial Finance, CIT Consumer Banking, and CIT Northbridge Credit. CIT Commercial Finance specializes in financial solutions for businesses. This includes loans for the purchase of machinery, equipment, or properties, as well as financing for mergers and acquisitions. The company also offers leasing solutions for items such as planes, ships, or trucks. Customers mainly consist of medium-sized and large companies from different industries such as healthcare, retail, and transportation and logistics. On the other hand, CIT Consumer Banking focuses on individual customers. This includes the CIT Bank Savings Account, which offers high interest rates and free account maintenance. The company is also active in the mortgage market, providing various financing solutions, including conforming and jumbo mortgages. Additionally, savings accounts, CDs, and money market accounts are available. CIT Northbridge Credit is the company's third business segment. It offers financial solutions for commercial real estate and infrastructure, as well as private capital deals. This includes loans for financing office buildings, shopping centers, social properties, as well as renewable energy projects or road and bridge construction. In all business segments, CIT Group Inc emphasizes fast and easy loan provision, allowing customers quick access to necessary capital. The company highlights its understanding of customers and their needs, as well as the development of financial products tailored to customer requirements. The products and services of CIT Group Inc are primarily aimed at customers in the United States and Canada. The company also works with brokers and independent advisors to provide comprehensive financial advice to customers. In summary, CIT Group Inc is a diversified financial company that specializes in both commercial and consumer banking. In addition to loans and financing, CIT Group Inc also offers a range of bank and savings accounts. The company emphasizes fast and easy loan provision, as well as the development of customer-oriented financial products, to provide optimal financial support to its customers.

What is the CIT Group dividend?

CIT Group pays a dividend of 0 USD distributed over payouts per year.

How often does CIT Group pay dividends?

The dividend cannot currently be calculated for CIT Group or the company does not pay out a dividend.

What is the CIT Group ISIN?

The ISIN of CIT Group is US1255818015.

What is the CIT Group WKN?

The WKN of CIT Group is A0YGL2.

What is the CIT Group ticker?

The ticker of CIT Group is CIT.

How much dividend does CIT Group pay?

Over the past 12 months, CIT Group paid a dividend of 1.4 USD . This corresponds to a dividend yield of about 2.62 %. For the coming 12 months, CIT Group is expected to pay a dividend of 0.78 USD.

What is the dividend yield of CIT Group?

The current dividend yield of CIT Group is 2.62 %.

When does CIT Group pay dividends?

CIT Group pays a quarterly dividend. This is distributed in the months of March, June, August, November.

How secure is the dividend of CIT Group?

CIT Group paid dividends every year for the past 13 years.

What is the dividend of CIT Group?

For the upcoming 12 months, dividends amounting to 0.78 USD are expected. This corresponds to a dividend yield of 1.46 %.

In which sector is CIT Group located?

CIT Group is assigned to the 'Finance' sector.

Wann musste ich die Aktien von CIT Group kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of CIT Group from 11/12/2021 amounting to 0.35 USD, you needed to have the stock in your portfolio before the ex-date on 10/28/2021.

When did CIT Group pay the last dividend?

The last dividend was paid out on 11/12/2021.

What was the dividend of CIT Group in the year 2023?

In the year 2023, CIT Group distributed 1.033 USD as dividends.

In which currency does CIT Group pay out the dividend?

The dividends of CIT Group are distributed in USD.

All fundamentals about CIT Group

Our stock analysis for CIT Group Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of CIT Group Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.