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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: |
| #60 | 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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7 hours: |
US briefing: Still paved with gold
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11 hours: |
They Just Don't Get CIT Group!
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3/8/10: |
Dan Loeb's Third Point: Net Long Distressed Debt and Mortgage
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3/5/10: |
Owners Learning To Boost Revenue
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3/5/10: |
Third Point's Dan Loeb Betting Big On Junk Financials Including
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3/4/10: |
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3/4/10: |
John Thain Getting That Familiar Itch
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3/4/10: |
2009 no bonus year for CIT
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3/4/10: |
Thain's pay plea at CIT
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3/3/10: |
CIT Expects $900M Loss in Q4 - Analyst Blog
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| Income (in thousands of USD) |
3 months ending 2009-09-30 |
12 months ending 2008-12-31 |
| Revenue | -534,100 | 1,910,200 |
| Net Income | -1,033,300 | -2,799,500 |
| Balance Sheet (in thousands of USD) | ||
| Current Assets | -- | -- |
| Total Assets | 69,188,600 | 80,448,900 |
| Current Liabilities | -- | -- |
| Total Liabilities | 64,102,800 | 72,324,600 |
| Total Shareholders Equity | 5,085,800 | 8,124,300 |
| Cash Flow (in thousands of USD) | ||
| Cash from Operating Activity | 516,800 | 220,900 |
| Cash from Investing Activity | 729,000 | -208,300 |
| Cash from Financing Activity | 297,400 | 852,700 |
| Change in Cash | 1,543,200 | 865,300 |
| Key Stats |
3 months ending 2009-09-30 |
Trailing 12 Months |
| Gross Profit Margin | -- | -- |
| Net Profit Margin | 193.47% | 634.66% |
| Return on Assets | -1.49% | -5.23% |
| Return on Equity | -20.32% | -71.22% |
| Return on Invested Capital | -- | -- |
