CIT Group, Inc.

CIT Group, Inc.

CIT Group, Inc.

Overview
Date Founded

2001

Headquarters

11 WEST 42ND STREET NEW YORK NY 10036

Type of Company

Public

Employees (Worldwide)

3,609

Industries

Retail & Commercial Banking
Holding Companies

Company Description

CIT was born in 1908 when Henry Ittleson found a new way to make financing available to businesses in St. Louis, Missouri. Soon CIT was forging paths across the country, into Canada and overseas. After 100 years, financing remains at the heart of the company. But time and experience have produced innovations unimagined a century ago. True to its pioneering legacy, CIT remains an agent of opportunity, providing new resources and fresh perspectives to over one million clients across thirty industries around the globe.

Contact Data
Trying to get in touch with decision makers at CIT Group, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chief Executive Officer

President-Commercial Finance

President & Co-Head, Corporate Finance

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel & Corporate Secretary

Chief Communications & Marketing Officer

Chief Technology Officer

Executive Vice President & Chief Compliance Officer

Chief Risk Officer & Executive Vice President

Chief Auditor & Executive Vice President

Board of Directors

Chief Executive Officer at CIT Group, Inc.

President & Chief Executive Officer at Center for Creative Leadership

Faculty Director, Institute for Executive Education at New York University - School of Law

Former Director of Pension Investments & Cash Management at New York State Common Retirement Fund

Chairman-South Florida at Year Up, Inc.

Former Fund Advisor at Nuveen Tax Exempt Unit Trust Series 626

Chairwoman & Chief Executive Officer at Vanir Group of Cos., Inc.

Former Senior Deputy Comptroller-Large Bank Supervision at Office of the Comptroller of the Currency

Former President at Pacific Global Advisors LLC

Managing Partner at Stone Advisors LP

Paths to CIT Group, Inc.
Potential Connections via
Relationship Science
You
CIT Group, Inc.
Owners & Shareholders
Details Hidden

Palestra Capital Management manages private funds using fundamental, research intensive analytic processes. The firm primarily employs long and short investments in equities, and also selectively invests in credit and derivative opportunities. They identify these opportunities through bottom-up work on companies, industry-specific thematic work, special situations and screening. Palestra Capital Management seeks to own securities they believe trade at a significant discount to intrinsic value and to sell short securities they believe trade at a premium to intrinsic value.

Details Hidden

FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm’s strategies primarily invest in US listed companies and are a long only in stocks that they believe, based on its analysis, are undervalued. FTAM’s investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, behavioral mid-cap value, micro-cap, behavioral unconstrained equity, behavioral small-mid core equity, and behavioral all-cap equity.

Details Hidden

Ancient Art seeks to identify and invest in companies that are valued below their intrinsic value and to supplement those core investments with opportunistic investments in other areas and selected short selling. The firm conducts disciplined, fundamental research as part of their integrated top- down, bottom-up investment approach. Ancient Art takes several steps in in an attempt to maximize the return and to avoid higher risk situations. The firm may invest Teton Capital Partners' assets in any type of instrument of domestic or foreign issuers, including, but not limited to, preferred stocks, convertible securities, bonds, notes, warrants, rights, and money market, instruments. Teton’s assets may at times be fully invested in securities and at other times be held primarily in cash or cash equivalents.

Recent Transactions
Details Hidden

CIT Group, Inc. purchases Mutual of Omaha Bank - Nebraska from Mutual of Omaha Insurance Co.

Details Hidden

VTG AG purchases NACCO SAS from CIT Group, Inc.

Details Hidden

Aves One AG purchases Nacco Luxembourg SARL from CIT Group, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Underwriter

Advised onCIT Group, Inc. issued USD Common Stock

Underwriter

Advised onCIT Group, Inc. issued USD Common Stock

Auditor

Advised onCIT Group, Inc. issued USD Common Stock

Associate

Advised onVTG AG purchases NACCO SAS from CIT Group, Inc.

Legal Advisor

Advised onCIT Group, Inc. purchases Mutual of Omaha Bank - Nebraska from Mutual of Omaha Insurance Co.

Legal Advisor

Advised onVTG AG purchases NACCO SAS from CIT Group, Inc.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Co-Chair, Banking & Leveraged Finance Group at Bingham McCutchen LLP

Legal Advisor

Partner at Schulte Roth & Zabel LLP

Clients

JG Summit Holdings, Inc. is one of the leading companies in the Philippines with business interests in: Air Transportation, Banking, Food Manufacturing, Petrochemicals, Real Estate, Hotels & Property Development, and Telecommunications.

USD Partners LP is fee-based limited partnership company, which engages in the acquisition, development, and operation of midstream infrastructure and logistics solutions for crude oil, biofuels, and other energy-related products. It operates through the following segments: Terminalling Services, and Fleet Services. The Terminalling Services segment includes minimum monthly commitment fees under multi-year take-or-pay contracts to load and unload various grades of crude oil into and from railcars, as well as fixed fees per gallon to transload ethanol from railcars. The Fleet Services segment provides customers with leased railcars and fleet services related to the transportation of liquid hydrocarbons and biofuels by rail on a multi-year and take-or-pay basis. The company was founded by Michael R. Curry on June 5, 2014 and is headquartered in Houston, TX.

Key Stats and Financials As of 2020
Market Capitalization
$4.41B
Total Enterprise Value
$5.88B
Earnings Per Share
$-6.57
Three Year Compounded Annual Growth Rate Of Revenue
-0.47%
Debt TEV
0.99x
TEVNet Income
-9.56x
Enterprise Value / Sales
1.87x
Total Equity
$5.72B
Total Debt
$5.84B
Net Profit
$-615M
Revenue
$3.15B
Non-Profit Donations & Grants
$1 - $10K
2019
$10K - $25K
2019
Political Donations
Investments
Details Hidden

UPH Holdings, Inc., part of TNCI Operating Co. LLC, is an American company located in Austin, TX, that provides communications & networking services. On 09 Sep 13 TNCI Operating Co. LLC acquired UPH Holdings, Inc.

Details Hidden

OEP AM, Inc. engages in the provision of healthcare services. It offers home care services including assistance with activities of daily living and complex home nursing services. The company was founded in 1995 and is headquartered in Lynbrook, NY.

Details Hidden

TeraGo Networks, Inc. was provides telecommunications and information technology solutions services to businesses and other organizations. The company was founded in 1999 and headquartered in Thornhill, Canada.

Suppliers
Embraer SA Industrial Machinery & Manufacturing | São Paulo - Sp, Brazil

Embraer SA engages in the design, manufacture, and sale of aircraft and its parts for commercial, defense, and executive aviation sectors. It operates through the following segments: Commercial Aviation, Defense and Security, Executive Jet Business, Service & Support and Others. The Commercial Aviation segment is involved in the development, production, and sale of commercial jets; and the provision of support services to regional aviation and aircraft leasing. The Defense and Security segment engages in research, development, production, modification, and support for defense and security aircrafts, as well as other integrated products and solutions including satellites and information and communication systems. The Executive Jet Business segment deals with the development, manufacture, and sale of executive jets. The Service & Support segment provides after-service solutions and support to its customers through a comprehensive portfolio of innovative and competitive solutions to ensure operational efficiency of products manufactured by Embraer and by other aircraft manufacturers, extending the useful life of commercial, executive and defense aircraft. The Others segment refers to the supply of structural parts and hydraulic systems and the production of agricultural sprayers. The company was founded by Ozires Silva on August 19, 1969 and is headquartered in São Paulo, Brazil.

Progress Software Corp. Other Business & Consulting Services | Bedford, Massachusetts

Progress Software Corporation (NASDAQ: PRGS) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any Cloud, on any platform and on any device with minimal IT complexity and low total cost of ownership. The comprehensive Progress portfolio provides leading solutions for enterprise integration, data interoperability and application development, including SaaS enablement and delivery in the cloud. Progress solutions are used across a variety of industries, including Travel & Leisure, Capital Markets, and Communications

Trinity Industries, Inc. Engineering, Construction & Architecture | Dallas, TX

Trinity Industries, Inc. engages in the provision of rail transportation products and services in North America. It operates through the following segments: Railcar Leasing and Management Services Group, Rail Products Group and All Other. The Railcar Leasing and Management Services Group segment provides railcar industry services. The Rail Products Group segment includes the results of heads business. The All Other segment includes the results of highway products business. The company was founded in 1933 and is headquartered in Dallas, TX.

Awards & Honors
Rank #603
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by CIT Group, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of CIT Group, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and CIT Group, Inc..