CIT Group

CIT Group Inc. is a holding company for CIT Bank, N.A., a national bank operating within the United States. Through CIT Bank, the company provides banking and related services to individual and commercial customers. Founded in 1908, CIT Group has its headquarters in New York. The company operates through two segments: Commercial Banking and Consumer Banking. Through the Commercial Banking segment, the company provides commercial lending, leasing, and deposit products, as well as a range of loan in the form of lines of credit, term loans, collateral-back loans, unsecured loans, commercial real estate loans, asset-based loans, and cash flow loans. Supply chain financing, asset management, receivable management, leasing, and equipment financing services are also available through this segment. CIT's consumer banking segment includes a national direct bank and regional branch network, which offer banking accounts, retirement accounts, residential mortgage loans, payment solutions, and more. Listed on the NYSE, CIT Group is available under the ticker CIT. In addition to its other services, the company also offers online banking, leasing, and advisory services. As of December 2021, CIT Bank operates a regional branch network of more than 60 branches, primarily located in southern California. Follow this stock and stay up to date on CIT share price changes here on eToro.