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CIT Group Inc. (CIT)

53.5   2.16 (4.21%) 05-16 01:09
Open: 51.36 Pre. Close: 51.34
High: 54.325 Low: 51.4
Volume: 32,810,120 Market Cap: 5,306(M)
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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: - -
Low: - -
Close: - -

Technical analysis

as of: 2022-02-14 10:18:29 AM
Overall:       
Stoxline posted a NEUTRAL today, same as yesterday. Current trend continues, but could change at anytime. It is not a good time to buy or sell.
Target: Six months: 63.45     One year: 74.11
Support: Support1: 52.51    Support2: 51.4
Resistance: Resistance1: 54.32    Resistance2: 63.45
Pivot: 53.5
Moving Average: MA(5): 53.5     MA(20): 53.5
MA(100): 51.82     MA(250): 51.57
MACD: MACD(12,26): 0.2     Signal(9): 0.3
Stochastic oscillator: %K(14,3): 71.7     %D(3): 71.7
RSI: RSI(14): 58.9
52-week: High: 56.61  Low: 44.66
Average Vol(K): 3-Month: 0 (K)  10-Days: 0 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently above mid-term; and above long-term moving average. From the relationship between price and moving averages: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
[ CIT ] has closed Bollinger Bands are 100% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 16 bars. This is a sign that the market may be about to initiate a new trend.

Headline News

Fri, 13 May 2022
Interview with CIT military expert on challenges for Ukraine’s army and capabilities of its navy - Yahoo News

Thu, 12 May 2022
UAE: MoF Consultation Paper on Corporate Income Tax - Lexology

Wed, 11 May 2022
CIT Arranges $714 Million for Thermal Generation Assets in California - Benzinga - Benzinga

Fri, 06 May 2022
MCPO HOSTS THIRD ROUND OF CRISIS INTERVENTION TRAINING AS STATEWIDE CIT AWARDS PRESENTED - Monmouth County Prosecutor

Thu, 05 May 2022
CIT celebrates graduates - Oak Ridge - Oakridger

Thu, 05 May 2022
CIT Increases Financing for Polsteam Ship Operator by Nearly $10 Million - PR Newswire

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Financial Services
Industry:  Banks—Regional
Shares Out. 99 (M)
Shares Float 98 (M)
% Held by Insiders 1 (%)
% Held by Institutions 94.4 (%)
Shares Short 5,720 (K)
Shares Short P.Month 5,130 (K)

Stock Financials

EPS 6.88
EPS Est Next Qtl 0.88
EPS Est This Year 2.8
EPS Est Next Year 3.52
Book Value (p.s.) 56.97
Profit Margin (%) 25.7
Operating Margin (%) 41.4
Return on Assets (ttm) 1.2
Return on Equity (ttm) 11.9
Qtrly Rev. Growth 17.3
Gross Profit (p.s.) 16.33
Sales Per Share 27.93
EBITDA (p.s.) 0
Qtrly Earnings Growth 104.8
Operating Cash Flow 923 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 7.77
PEG Ratio 0.6
Price to Book value 0.93
Price to Sales 1.91
Price to Cash Flow 5.74

Stock Dividends

Dividend 0.34
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date 2021-11-11
Ex-Dividend Date 2021-10-27
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