CIT Group Inc. (NYSE: CIT)
Overview
If you haven't heard of CIT Group, then you're O-U-T of the proverbial loop. On the big-business landscape for about a century, CIT is a commercial bank holding company that offers lending, leasing, debt restructuring, equipment financing, and advisory services to small- and mid-sized businesses in such industries as energy, health care, retail, communications, manufacturing, IT services, and sports. Its real estate services include mortgage, mezzanine debt, and net lease financing. CIT has more than $60 billion in assets and serves clients in more than 50 countries around the world. It also operates CIT Bank in Utah. The company has been rebuilding itself after undergoing a brief stint in Chapter 11 in 2009.
Sample Overview & HistoryKey Numbers from Hoover's UK
Key financials for CIT Group Inc. (NYSE: CIT)
| Company Type | Public (NYSE: CIT) |
|---|---|
| Fiscal Year-End | December |
| 2010 Sales (mil.) | £4,112.7 |
| 1-Year Sales Growth | 59.7% |
| 2010 Net Income (mil.) | £334.1 |
| 1-Year Net Income Growth | 180.4% |
| 2010 Employees | 3,778 |
| 1-Year Employee Growth | (12.0%) |
Key People from Hoover's UK
Key people and executives for CIT Group Inc. (NYSE: CIT)
| Chairman and CEO | John A. Thain (Subscribers see complete biographies -- view sample)
|
|---|---|
| Nelson J. Chai | |
| VP Trade Finance | Ann-Margret Crater |
Top Competitors from Hoover's UK
Top competitors of CIT Group Inc. (NYSE: CIT)
There are 8 competitors for CIT Group; see more.Industry Information from Hoover's UK
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More Industry InformationRankings from Hoover's UK
See how CIT Group Inc. (NYSE: CIT) ranks in standard industry listings such as Fortune 500, S&P 500, and Dow Jones
- #364 in FORTUNE 500 (May 2011)
- #364 in FORTUNE 1000 (May 2011)
