CIT Group Inc. (NYSE: CIT) spotted trading -9.08% off 52-week high price. On the other end, the stock has been noted 42.08% away from the low price over the last 52-weeks. The stock changed 0.48% to recent value of $50.44. The stock transacted 486897 shares during most recent day however it has an average volume of 662.97K shares. The company has 95.9M of outstanding shares and 92.21M shares were floated in the market.
On July 19, 2019, CIT Group Inc. (NYSE: CIT) announced that its board of directors has declared a quarterly cash dividend of $0.35 per common share on its outstanding common stock. The dividend is payable on Aug. 23, 2019 to common shareholders of record as of Aug. 9, 2019.
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience, approximately $50 billion in assets as of March 31, 2019, and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company’s commercial banking segment includes commercial financing, real estate financing, equipment financing, factoring and railcar financing. CIT’s consumer banking segment includes its national online bank, CIT Bank, and a Southern California branch bank Its earnings per share (EPS) expected to touch remained 156.50% for this year while earning per share for the next 5-years is expected to reach at 10.00%.an operating margin of 48.60% while its profit margin remained 23.00% for the last 12 months.
The price moved ahead of -1.12% from the mean of 20 days, -0.01% from mean of 50 days SMA and performed 5.27% from mean of 200 days price. Company’s performance for the week was -2.15%, 0.72% for month and YTD performance remained 31.80%.
Sam Leventhal is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Sam is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Dividend News category for our site.
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