CIT Group Inc. is a United States financial holding company founded in 1908 with more than $35 billion in finance and leasing assets. The company's name is an abbreviation of an early corporate name, Commercial Investment Trust. It provides financing and leasing capital to its middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance. CIT also operates CIT Bank (Member FDIC), BankOnCIT.com, its primary bank subsidiary, which offers a suite of online savings options designed to help customers achieve a range of financial goals.

Our business areas operate under two segments: North American Commercial Finance and Transportation & International Finance.

North American Commercial Finance
COMMERCIAL SERVICES: CIT Commercial Services is a leading provider of factoring services in the United States. We provide credit protection, accounts receivable management services and asset-based lending to manufacturers and importers that sell into retail channels of distribution.
CORPORATE FINANCE: CIT Corporate Finance provides lending, leasing and other financial and advisory services to the middle market with a focus on specific industries, including: Aerospace & Defense,  Business Services, Communications,  Energy,  Entertainment,  Gaming,  Healthcare,  Industrials,  Information Services & Technology,  Restaurants,  Retail,  Sports & Media, and Transportation.
EQUIPMENT FINANCE: CIT Equipment Finance provides leasing and equipment loan solutions to small businesses and middle market companies in a wide range of industries. We provide creative financing solutions to our borrowers and lessees, and assist manufacturers and distributors in growing sales, profitability and customer loyalty by providing customized, value-added finance solutions to their commercial clients.
REAL ESTATE FINANCE: CIT Real Estate Finance provides senior secured commercial real estate loans to developers and other commercial real estate professionals. We focus on stable, cash flowing properties and originate construction loans to highly experienced and well-capitalized developers.

Transportation & International Finance
BUSINESS AIR: CIT Business Air provides financing solutions to business jet operators. Serving clients around the globe, we provide financing that is tailored to our clients’ unique business requirements. Products include term loans, leases, pre-delivery financing, fractional share financing and vendor/manufacturer financing.
COMMERCIAL AIR: CIT Commercial Air is one of the world’s leading aircraft leasing organizations and provides leasing and financing solutions—including operating leases, capital leases, loans and structuring, and advisory services—for commercial airlines worldwide. We own and finance a fleet of more than 300 commercial aircraft and have more than 100 customers in approximately 50 countries.
INTERNATIONAL FINANCE: CIT International Finance offers equipment financing and leasing to small and middle market businesses in the UK and China.
MARITIME FINANCE: CIT Maritime Finance offers senior secured loans, sale-leasebacks and bareboat charters to owners and operators of oceangoing cargo vessels, including tankers, bulkers, container ships, car carriers, and offshore vessels and drilling rigs.
RAIL: CIT Rail is an industry leader in offering customized leasing and financing solutions and a highly efficient, diversified fleet of railcar assets to freight shippers and carriers throughout North America and Europe. 
Company Growth (employees)
Type
Public
HQ
New York, US
Founded
1908
Size (employees)
4,900 (est)
Website
cit.com
CIT was founded in 1908 and is headquartered in New York, US

CIT Office Locations

CIT has offices in New York, Livingston, Beijing, Shanghai and in 21 other locations
New York, US (HQ)
11 West 42nd Street
Salt Lake City, US
2150 South 1300 East, Suite 400
Dallas, US
5420 Lbj Freeway, Suite 200
Charlotte, US
201 South Tryon Street, Suite 700
Boston, US
175 Federal Street, Suite 503
Indianapolis, US
5750 Castle Creek Parkway, Suite 367
Chicago, US
30 South Wacker Drive, Suite 2900
Atlanta, US
7000 Central Parkway Ne, Suite 1200
Jacksonville, US
10201 Centurion Parkway North, Suite 100
Fort Lauderdale, US
1000 South Pine Island Road, Suite 500
Washington, US
500 New Jersey Ave., Nw, Suite 350
Los Angeles, US
300 S Grand Ave
San Pedro Garza García, MX
Batallón De San Patricio 109 10, Col. Valle Oriente Cp 66260
México, MX
Park Plaza, Torre 2, Javier Barros Sierra Number 540 , Colonia Santa Fe, Delegacion, Alvaro Obregon
Barueri, BR
Alameda Rio Negro 585, Edificia Padauiri, 7 Andar Sala 72
Dublin, IE
3 George's Dock
Bracknell, GB
Circa, The Ring, 2 A High Street
Dublin, IE
Cit House, Blackrock Business Park, Carysfort Avenue, Blackrock, Co
Calgary, CA
#420, 700 4th Ave. S.W.
Toronto, CA
#700, 207 Queens Quay
Burlington, CA
5035 South Service Road
Singapore, SG
30 Raffles Place, Caltex House #18 02
Guangzhou, CN
Rm 2012, Citic Plaza, 233 Tianhe N. Road
Shanghai, CN
18 F, Uc Tower, 500 Fushan Road, Pudong
Beijing, CN
Unit 2406, China World Trade Office Tower 2, No.1 Jian Guo Men Wai Avenue
Livingston, US
One Cit Drive Livingston

CIT Data and Metrics

CIT Financial Metrics

CIT's revenue was reported to be $3.6 b in FY, 2014
USD

Net income (FY, 2015)

1.1 b

Market capitalization (27-Jun-2017)

9.8 b

Closing share price (27-Jun-2017)

48.5
CIT's current market capitalization is $9.8 b.
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015

Revenue

2.5 b1.8 b2.3 b3.6 b

Revenue growth, %

(28%)55%

Operating expense total

1 b896.6 m894 m984.7 m941.8 m1.2 b

EBIT

774.1 m680.8 m

EBIT margin, %

33%19%

Interest expense

(1.1 b)(1.1 b)(1.1 b)

Interest income

1.4 b1.2 b1.5 b

Income tax expense

83.9 m(397.9 m)(488.4 m)

Net Income

681.6 m1.1 b1.1 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Goodwill

334.6 m571.3 m1.2 b685.4 m

Total Assets

47.1 b47.9 b67.5 b64.2 b

Additional Paid-in Capital

8.6 b8.6 b8.7 b8.8 b

Retained Earnings

1.6 b2.6 b1.6 b

Total Equity

8.9 b9.1 b11 b10 b

Financial Leverage

5.3 x5.3 x6.1 x6.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

675.7 m1.1 b1.1 b(848 m)

Cash From Operating Activities

(555.1 m)1.1 b

Dividends Paid

(20.1 m)(95.3 m)(114.9 m)(123 m)

Interest Paid

(997.8 m)(1 b)(1.1 b)(1.1 b)
Y, 2016

Financial Leverage

6.4 x

CIT Market Value History

CIT Online and Social Media Presence

CIT News and Updates

CIT Company Life and Culture

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