CIT Group

CIT Group - aircraft leasing business ia a provider of an aircraft leasing and lease management services.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

CIT Group is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing, and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment, and rail leasing. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. CIT is headquartered in New York City.

CIT (CIT) delivered earnings and revenue surprises of 1.59% and -7.01%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

CIT Group (CIT) Reports Q2 Loss, Lags Revenue Estimates

NEW YORK, July 21, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced its second quarter 2020 financial results.

CIT Announces Second Quarter 2020 Financial Results

NEW YORK, July 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy unit served as lead arranger on a $126 million financing for the 108-megawatt (MW) direct current Trent River Solar project in Pollocksville, North Carolina.

CIT Leads $126 Million Financing for 108-Megawatt Solar Project in North Carolina

NEW YORK, July 9, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that it has named Chris Esposito as managing director in charge of its newly expanded Asset-Based Lending business. In this role, Esposito is responsible for managing the Asset-Based Lending team, overseeing...

CIT Names Managing Director to Lead Asset-Based Lending Unit

NEW YORK, July 7, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business served as lead arranger on a $118.5 million financing for the utility-scale Harts Mill Solar project in Edgecombe County, North Carolina. The project is owned by Kayne...

CIT Leads $118.5 Million Financing for North Carolina Solar Project

NEW YORK, June 25, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $50 million senior secured revolving credit facility for CITIES Market Studios. Based in Minneapolis,...

CIT Northbridge Credit Serves as Sole Lender on $50 Million Credit Facility for CITIES Market Studios

NEW YORK, June 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) ("CIT") today announced the pricing of a public offering of $500 million aggregate principal amount of 3.929% senior unsecured fixed-to-floating rate notes due 2024 (the "Notes"). The Notes priced at par. The Notes will...

CIT Announces Pricing Of $500 Million Of 3.929% Senior Unsecured Fixed-To-Floating Rate Notes

NEW YORK, June 16, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) ("CIT") today announced that it has commenced a public offering of Securities and Exchange Commission (SEC) registered senior unsecured fixed-to-floating rate notes (the "Notes"). CIT intends to use the net proceeds from...

CIT Announces Public Offering Of Senior Unsecured Fixed-To-Floating Rate Notes

NEW YORK, June 3, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that its Asset-Based Lending team served as administrative agent for a new $185 million senior secured, asset-based credit facility for Orscheln Farm and Home LLC, a leading retailer of farm supplies, home...

CIT Serves as Agent on $185 Million Credit Facility for Orscheln Farm and Home

NEW YORK, May 27, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE: CIT) today announced that it has won three Stevie® American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award...

CIT Wins Three Stevie® American Business Awards

NEW YORK, May 26, 2020 /PRNewswire/ -- CIT Bank, N.A. (CIT Bank), the banking subsidiary of CIT Group Inc. (NYSE: CIT) (CIT), today announced that it has commenced a cash tender offer to purchase any and all of its 2.969 % Senior Unsecured Fixed-to-Floating Rate Notes due 2025. As of May...

CIT Bank Announces Commencement of Tender Offer for its 2.969% Senior Unsecured Fixed-to-Floating Rate Notes Due 2025

CIT (CIT) reported earnings 30 days ago. What's next for the stock?

Why Is CIT (CIT) Down 6.4% Since Last Earnings Report?

Banco Bilbao Vizcaya Argentaria

Cadence Bank

Opus Bank

PacWest Bancorp

Umpqua Holdings

Goodwill impairments are rare under normal economic conditions but can spike when triggered by an extreme event that significantly affects markets.

6 Banks That Took Goodwill Impairments in 2020

CIT Group (CIT) witnesses significantly higher provisions in the first quarter of 2020.

CIT Group (CIT) Stock Down 7.8% on Q1 Loss, Provisions Rise

CIT Group Inc. (CIT) CEO Ellen Alemany on Q1 2020 Results - Earnings Call Transcript

CIT (CIT) delivered earnings and revenue surprises of -392.77% and 10.56%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

CIT Group (CIT) Reports Q1 Loss, Tops Revenue Estimates

Moody's Investors Service affirms ratings of CIT Group (CIT) and its bank subsidiary CIT Bank, NA. However, the rating firm's outlook for the bank has been downgraded to "stable".

CIT Group's Outlook Lowered by Moody's Amid Coronavirus Scare

Why Is CIT (CIT) Down 9.7% Since Last Earnings Report?

CIT Group (CIT) witnesses higher revenues and lower provisions in the fourth quarter of 2019.

CIT Group (CIT) Q4 Earnings Beat Estimates, Revenues Up Y/Y

CIT Group's (CIT) CEO Ellen Alemany on Q4 2019 Results - Earnings Call Transcript

Brighthouse Financial

Credit Suisse

Legg Mason

Navient

SYNNEX

P/B ratio is emerging as a convenient tool for identifying low-priced stocks with high-growth prospects.

6 Value Stocks to Log Gains Using Price-to-Book Ratio

CIT (CIT) delivered earnings and revenue surprises of 14.41% and 4.32%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

CIT Group (CIT) Tops Q4 Earnings and Revenue Estimates

Oaktree Specialty Lending

CIT vs. OCSL: Which Stock Is the Better Value Option?

CIT or OCSL: Which Is the Better Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is CIT Group (CIT) Stock Undervalued Right Now?

Signet Jewelers

: P/B ratio is emerging as a convenient tool for identifying low-priced stocks with high-growth prospects.

News for CIT Group Stock (CIT)