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MarketScreener Homepage  >  Equities  >  Nyse  >  CIT Group Inc.    CIT

CIT GROUP INC.

(CIT)
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Business Summary
Logo CIT Group Inc.
CIT Group Inc. (CIT) is a bank holding company (BHC) and a financial holding company (FHC). The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America. The Company's segments include Commercial Banking, Consumer Banking, Non-Strategic Portfolios, and Corporate and Other. The Commercial Banking segment consists of four divisions: Commercial Finance, Rail, Real Estate Finance, and Business Capital. The Consumer Banking segment includes Retail Banking, Mortgage Lending, and SBA Lending (together referred to as Other Consumer Banking), and Legacy Consumer Mortgages (LCM). The Company's products and services include account receivables collection, acquisition and expansion financing, asset management and servicing, asset-based loans, debt underwriting and syndication, deposits, enterprise value and cash flow loans, equipment leases, factoring services and financial risk management.

Number of employees : 3 609 people.
Sales per Business
2019
USD (in Million)%
Commercial Banking1,85758.7%
Consumer Banking524.0016.6%
Sales per region
2019
USD (in Million)%
United States3,242102.6%
Foreign47.501.5%
Managers and Directors
NameAgeSinceTitle
Ellen Rose Alemany64-Chairman, President & Chief Executive Officer
Denise M. Menelly582016Executive VP, Head-Technology & Operations
John J. Fawcett612017Chief Financial Officer & Executive Vice President
Alla Whitston-2018Chief Technology Officer
William M. Freeman672011Independent Director
John R. Ryan742011Lead Independent Director
R. Brad Oates662009Independent Director
Gerald Rosenfeld, Dr.732011Independent Director
Laura Simone Unger592010Independent Director
Sheila A. Stamps622014Independent Director
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 163,196,500 95,979,633 58.8% 64,658,739 39.6% 56.0%
Stock B 0 8,325,000 0 0.0% 0 0.0%
Shareholders
NameEquities%
The Vanguard Group, Inc. 9,063,809 9.20%
Mason Capital Management LLC 8,491,061 8.62%
JC Flowers Securities Co. LLC 7,007,345 7.11%
Greenlight Capital, Inc. 6,662,889 6.76%
SSgA Funds Management, Inc. 5,845,100 5.93%
Capital Research & Management Co. (World Investors) 4,880,200 4.95%
First Pacific Advisors LP 4,789,245 4.86%
Sound Shore Management, Inc. 4,631,334 4.70%
Epoch Investment Partners, Inc. 4,390,295 4.46%
Tourbillon Capital Partners LP 4,310,208 4.37%
Company contact information
CIT Group, Inc.
11 West 42nd Street
New York, NY 10036-8002

Phone : +1.212.461.5200
Web : http://www.cit.com