Company

CIT Group Inc.

Headquarters: New York, NY, United States

Founded: 1908

Employees: 3,812

CEO: Ms. Ellen R. Alemany

NYSE: CIT

Market Cap

$5.02 Billion

USD as of Jan. 1, 2022

history Market Cap History

CIT Group Inc. market capitalization over time

Evolution of CIT Group Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of CIT Group Inc.

Detailed Description

CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.

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Stocks & Indices

CIT Group Inc. has the following listings and related stock indices.


Stock: NYSE: CIT wb_incandescent

Stock: FSX: QIT1 wb_incandescent

Product & Services

Commercial bankingRetail bankingAsset-based lendingCommercial mortgagesFactoring

Key People

Founder(s): Henry Ittleson

Ellen Alemany (Chairwoman & CEO) John Fawcett (CFO) Robert Rubino (President of C I T Bank)

Financials

Revenue: US$2.29 billion (2019)

Net income: US$529 million (2019)


Total assets: US$50.832 billion (2019)

Total equity: US$5.814 billion (2019)

Details

Headquarters:

11 West 42nd Street

New York, NY 10036

United States

Phone: 212-461-5200