CIT Group: stocks, financial statements

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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 Corporate and Other. The Commercial Banking segment consists of four divisions, commercial finance, rail, and 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 Corporate and Other segment consists of businesses and portfolios that they 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.

  • CIT Ticker
  • NYSE Exchange
  • 3,678 Employees
3 rated
  • $50.87, +$0.29 (+0.57%) Previous Close
  • 835,619 Previous Volume
  • $11.77 / $55.51 52 week low / high
  • -8.36% Percent off 52 week high
  • 2021-05-11 Updated
  • 2.06% Dividend Yield (trailing)
  • 2.75% Dividend Yield (forward)
  • 0 Public float
  • 99,066,261 Outstanding shares
  • 17.72 P/E
  • 5.01 B Market Cap
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Financial statements — CIT Group

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20 ← 16 2020 2019 2018 2017 2016
Total Revenue
3.2B 3.3B 3.3B 3.2B 3.3B
Cost Of Revenue
800M 110M 170M 110M 190M
Gross Profit
2.4B 3.2B 3.1B 3.1B 3.2B
Research and Development
0 0 0 0 0
Selling General and Admin
130M 130M 110M 110M 92M
Operating Expense
3.3B 2.7B 2.6B 2.7B 2.7B
Operating Income
-180M 640M 640M 450M 630M
Other Income Expense Net
0 0 0 44M 51M
EBIT
-180M 640M 640M 500M 680M
Interest Income
0 0 0 0 0
Pretax Income
-700M 620M 640M 190M 21M
Income Tax
-88M 95M 160M -68M 200M
Minority Interest
0 0 0 0 0
Net Income
-650M 510M 430M 460M -850M
Net Income Basic
-650M 510M 430M 460M -850M
20 ← 16 2020 2019 2018 2017 2016
Current cash
0 0 0 0 0
Short term investments
12B 10B 9B 8.8B 10B
Receivables
0 0 0 0 450M
Inventory
0 0 0 0 0
Other current assets
170M 0 0 0 0
Current assets
48B 41B 40B 38B 40B
Long term investments
9.9B 9.4B 9B 11B 24B
Property plant equipment
8B 7.5B 7.1B 170M 190M
Goodwill
0 370M 370M 370M 690M
Intangible assets
130M 66M 89M 110M 140M
Other assets
1.1B 800M 610M 7.6B 8.3B
Total assets
58B 51B 49B 49B 64B
Accounts payable
0 0 0 0 0
Current long term debt
7.6B 7.6B 9.8B 10B 16B
Other current liabilities
45B 36B 32B 31B 33B
Total current liabilities
52B 44B 42B 41B 50B
Long term debt
0 0 0 0 0
Other liabilities
0 490M 420M 470M 760M
Minority Interest
0 0 0 0 400K
Total Liabilities
52B 44B 43B 42B 54B
Common stock
98M 97M 120M 160M 200M
Retained earning
1.4B 2.3B 1.9B 1.9B 1.6B
Treasury stock
-3.2B -3.3B -2.9B -3.6B -180M
Capital surplus
Shareholder equity
5.7B 6.3B 5.9B 7.3B 10B
Net tangible assets
5.1B 5.4B 5.2B 6.5B 9.2B
20 ← 16 2020 2019 2018 2017 2016
Net Income
-650M 510M 430M 460M -850M
Depreciation
330M 310M 310M 390M 700M
Changes in receivables
0 0 0 -450M -190M
Changes in inventories
0 0 0 0 0
Cash change
-820M 790M -80M -540M -660M
Cash flow
480M 930M 980M 520M 2.4B
Capital expenditures
-1B -810M -660M -790M -1.9B
Investments
Investing activity other
Total investing cash flows
1.2B -1.9B 44M 7.8B -500M
Dividends paid
Net borrowings
-40B -33B -30B -27B -23B
Other financing cash flows
Cash flow financing
-350M 1.9B -940M -13B -2.9B
Exchange rate effect
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