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| Overview | News | Financials | People | Insider Trades | Compensation | Holdings | Ownership | Corporate Family |
| Name: | CIT Group Inc. |
| Industries: | Finance |
| Revenue: | -$570.70M ¹ |
| Profit: | -$3.62B ¹ |
| Employees: | 4,995 |
| Headquarters: | 1 CIT DRIVE LIVINGSTON, New Jersey 07039 United States Of America |
| Website: | |
| Lists: |
| #144 | Best Performers |
| #24 | Best Performers In Finance |
CIT has been lending its financial services for decades. Founded in 1908 and headquartered in New York, NY, CIT Group Inc. (NYSE: CIT) became a bank holding company in December 2008. Its primary bank subsidiary is CIT Bank, which focuses on providing commercial lending. The company also provides financing and leasing products and advisory services to companies in more than 30 industries in some 50 countries, including manufacturing, retailing, transportation, aerospace, healthcare, technology and
CIT has been lending its financial services for decades. Founded in 1908 and headquartered in New York, NY, CIT Group Inc. (NYSE: CIT) became a bank holding company in December 2008. Its primary bank subsidiary is CIT Bank, which focuses on providing commercial lending. The company also provides financing and leasing products and advisory services to companies in more than 30 industries in some 50 countries, including manufacturing, retailing, transportation, aerospace, healthcare, technology and communication. Its business segments include Consumer, Transportation Finance, Vendor Finance, Trade Finance and Corporate Finance. It is based in North America, and operates in Europe, South America and the Pacific Rim. The company had 2008 revenue of about $6.1 billion and employs about 5,000 people.
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3/19/10: |
Value Masters Top 10 Popularity Clone: Update
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3/18/10: |
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3/18/10: |
CIT's Thain Will Retain Aircraft Finance Unit, Executive Says
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3/18/10: |
CIT Declines Below Book Value; Thain Says Securitization Remains
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3/18/10: |
Banks failing to pay TARP dividends increases to 82
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3/17/10: |
New CEO Outlines CIT's Challenges
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3/17/10: |
Morning Movers: CIT Jumps; BlackRock Raised to Buy”
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3/17/10: |
CIT Group (NYSE: CIT) Posts $1B Loss in 4Q
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3/17/10: |
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3/17/10: |
CIT Group Executive's Letter Proves to be Valuable…
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| Income (in thousands of USD) |
3 months ending 2009-12-31 |
12 months ending 2009-12-31 |
| Revenue | -578,700 | -1,335,400 |
| Net Income | -976,100 | -3,970,000 |
| Balance Sheet (in thousands of USD) | ||
| Current Assets | -- | -- |
| Total Assets | 60,029,100 | 60,029,100 |
| Current Liabilities | -- | -- |
| Total Liabilities | 51,629,100 | 51,629,100 |
| Total Shareholders Equity | 8,400,000 | 8,400,000 |
| Cash Flow (in thousands of USD) | ||
| Cash from Operating Activity | 681,800 | 2,073,700 |
| Cash from Investing Activity | 1,317,500 | 5,287,600 |
| Cash from Financing Activity | 1,499,300 | -5,219,400 |
| Change in Cash | 3,498,600 | 2,141,900 |
| Key Stats |
3 months ending 2009-12-31 |
Trailing 12 Months |
| Gross Profit Margin | -- | -- |
| Net Profit Margin | 168.67% | 297.29% |
| Return on Assets | -1.63% | -6.61% |
| Return on Equity | -11.62% | -47.26% |
| Return on Invested Capital | -- | -- |
