CIT Group Inc (NYSE:CIT)

North American company
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Market Info - CIT

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Company Info - CIT

  • Market Cap$2.666bn
  • SymbolNYSE:CIT
  • IndustryFinancial Services
  • Sector-
  • Currency
  • ISINUS1255818015

Company Profile

CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.CIT Group Inc is a banking corporation provides financing, leasing and advisory services to middle-market companies in a diverse group of industries. The group offers retail banking through its subsidiary. It also syndicates and sells finance receivables.

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