48.00
Real-Time Quote
 -0.41 / -0.85%
Today’s Change
41.06
Today|||52-Week Range
52.72
-7.92%
Year-to-Date
SECTOR
Finance
INDUSTRY
Finance/Rental/Leasing
MARKET CAP
$9.0B

Company Description

CIT Group, Inc. is a bank holding company. It provides primarily commercial financing and leasing products and other services to small and middle market businesses through its wholly owned subsidiaries. The company operates through five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance and Consumer segment. The Corporate Finance segment provides financing and advisory services to small and medium size companies in the U.S. and Canada and has a specialized lending unit focused on financial sponsors in Europe. Its core products include asset-based and cash flow lending, fee based advisory products for middle-market customers, equipment leasing and financing, and commercial real estate financing. The Transportation Finance segment provides aircraft and railcar leasing and financing solutions to operators and suppliers in the global aviation and North American rail car industries. The Trade Finance segment provides factoring, receivable management products and secured financing to businesses that operate in several industries, including apparel, textile, furniture, home furnishings and consumer electronics and offers domestic and international customized credit protection, lending and outsourcing services that include working capital and term loans, factoring, receivable management products, bulk purchases of accounts receivable, import and export financing and letters of credit programs. The Vendor Finance segment develops business solutions for small businesses and middle market companies, providing equipment financing and value added services. The Consumer segment includes government-guaranteed student loans. CIT Group was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.

Contact Information

CIT Group, Inc.
11 West 42nd Street
New York New York 10036-8002
P:(212) 461-5200
Investor Relations:

Employees

Shareholders

Mutual fund holders53.28%
Other institutional44.46%
Individual stakeholders0.79%

Top Executives

John A. ThainChairman & Chief Executive Officer
Nelson J. ChaiPresident
Scott T. ParkerChief Financial Officer & Executive Vice President
Stacey GoodmanChief Information Officer & Executive VP
Andrew T. BrandmanChief Administrative Officer & Executive VP

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