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CIT Group Inc. (CIT)
53.5  2.16 (4.21%)    12-31 19:00
Open: 51.36
High: 54.325
Volume: 32,810,120
  
Pre. Close: 51.34
Low: 51.4
Market Cap: 0(M)
Technical analysis
2022-02-14 10:18:29 AM
Short term     
Mid term     
Targets 6-month :  63.45 1-year :  74.11
Resists First :  54.32 Second :  63.45
Pivot price 53.5
Supports First :  52.51 Second :  51.4
MAs MA(5) :  53.5 MA(20) :  53.5
MA(100) :  51.82 MA(250) :  51.57
MACD MACD :  0.2 Signal :  0.3
%K %D K(14,3) :  71.7 D(3) :  71.7
RSI RSI(14): 58.9
52-week High :  56.61 Low :  44.66
Price, MAs 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.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: - -
Low: - -
Close: - -
Company 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.

Headline News

Tue, 02 Apr 2024
CIT Bank Review: a Comprehensive Look at Services and Features - Business Insider

Mon, 18 Mar 2024
CIT Group Looks To Better Crisis Response System In County - Times-Union Newspaper

Thu, 14 Mar 2024
CIT Bank Review 2024: High-Yield Savings Accounts And More - The College Investor

Mon, 05 Feb 2024
CIT Bank Savings Products Named Best Online Savings Account and Best High-Yield Savings Account by The Ascent ... - Longview News-Journal

Wed, 31 Jan 2024
CIT Bank Review 2024 | TIME Stamped - TIME

Wed, 20 Dec 2023
CIT Bank Unveils Redesigned Mobile App and Web Interface to Improve Customer Experience - Yahoo Finance

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