CIT Group Inc. · New York, NY United States ·(NYSE: CIT)
Company Description
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This link will open in a new window 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, and advisory services to small and mid-sized businesses and to more than half of the Fortune 1000 in such industries as energy, health care, communications, and entertainment. Financial services include debt restructuring and equipment financing to the aerospace and transportation industries. Its real estate services include mortgage debt, mezzanine debt, and net lease financing. CIT has more than $80 billion in assets and serves some one million clients in more than 50 countries around the world. To read the full description, subscribe now.
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Key CIT Group Inc. Financials
| Company Type | Public - NYSE: CIT Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $2,959.4 |
| 2008 Employees | 4,995 |
CIT Group Inc. Executives
42 executives listed for CIT Group Inc.'s New York, NY location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Jeffrey Peek | Network |
| Vice Chairman and CFO | Joseph Leone | Network |
| President and COO | Alexander Mason | Network |
Competition
Competitive Landscape for CIT Group Inc.
Demand is driven by consumer income and demographics. The profitability of individual companies depends on the correct assessment of repayment likelihood and effective collections activities. Large companies have an advantage in the ability to manage large portfolios of mortgage, auto, and credit card loans through sophisticated computer risk modeling. Small companies can compete effectively in the cash lending or sales finance segments, where a local or neighborhood presence is highly effective. The industry is capital-intensive; annual revenue per worker is about $430,000. To read the full description, subscribe now.Top CIT Group Inc. Competitors
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