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Blue Chip Growth

Stock Report: CIT Group Inc. (CIT) Report Updated: Aug 22, 2016 | Print This Page

Get more stock ratings by Louis Navellier

CIT Group Inc. (CIT)

Rating: Sell Volatility: Conservative
Total Grade: D Industry: Banks
Competitors: TRCB,CUBN,FMBH,FCFP

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: D down no change
Last Week: D same no change
Two Weeks Ago: D up no change
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CIT Group Inc.© quotemedia

Company Profile

CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. Its Transportation & International Finance segment offers leasing and financing solutions to operators and suppliers in the aviation and railcar industries. It offers aircraft leasing, lending, asset management, and advisory services to airlines; and term loans, leases, pre-delivery financing, fractional share financing, and vendor/manufacturer financing for corporate and private owners of business jets. This segment also provides secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels; and equipment financing, lending, and leasing to small and middle-market businesses. The company’s North American Commercial Finance segment offers commercial services, such as factoring, receivable management products, and secured financing to apparel, textile, furniture, home furnishings, and consumer electronics industries; corporate finance, including financing options and advisory services to commercial and industrial, communications, media and entertainment, energy, and healthcare industries; leasing and equipment loan solutions; and commercial real estate loans to developers and other commercial real estate professionals. The company also offers various products and services, including acquisition and expansion financing, asset-based loans, credit protection, debtor-in-possession/turnaround financing, deposits, enterprise value and cash flow loans, financial risk management, import and export financing, insurance, letters of credit/trade acceptances, mergers and acquisition advisory services, and secured lines of credit, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.