CIT (CIT-PB) Stock Analysis

What CIT does

Established in 1908 and headquartered in New York, New York, CIT Group Inc. serves as the parent entity for CIT Bank, N.A. This financial institution delivers a comprehensive suite of banking and related services to both commercial enterprises and individual clients. Its operations are primarily segmented into two divisions: Commercial Banking and Consumer Banking. The Commercial Banking segment offers an extensive portfolio of lending, leasing, and deposit solutions. This includes a diverse array of credit facilities such as revolving lines, term loans, and various secured and unsecured financing options like asset-based, commercial real estate, and cash flow loans. Complementary services encompass cash management, capital markets, and advisory support, primarily catering to small and mid-sized enterprises. Furthermore, this division provides specialized financial services such as asset management, factoring, receivables management, and secured financing. Its expertise also extends to supply chain finance, along with equipment and leasing solutions for small businesses, mid-market entities, and the transportation sector, notably railroads and shippers. On the consumer front, the Consumer Banking segment supplies essential personal banking products like checking, savings, and money market accounts, alongside individual retirement accounts (IRAs) and various time deposits, including certificates of deposit. It also facilitates residential mortgage loans, Small Business Administration (SBA) loans, payment processing, and fiduciary responsibilities. Beyond these core segments, CIT Group Inc. delivers broader leasing and financial advisory services, complemented by robust online banking capabilities. Its physical presence is concentrated in southern California, where it maintains a network of approximately 60 branch locations.

Key metrics

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Frequently asked questions

What is the ticker symbol for CIT?

CIT trades under the ticker CIT-PB on NYSE.

Which exchange is CIT-PB listed on?

CIT-PB is listed on NYSE.

What sector does CIT operate in?

CIT is classified in the Financial Services sector (Banks - Regional industry).

How can PortView help analyze CIT-PB in a portfolio?

PortView shows CIT-PB's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.