CIT Group Inc
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Financials : Banks | Small Cap Value
Company profile

CIT Group Inc. (CIT) is a bank holding company (BHC) and a financial holding company (FHC). The Company, together with its subsidiaries, provides financing, leasing and advisory services to middle market companies in a range of industries in North America. The Company's segments include Commercial Banking, Consumer Banking, Non-Strategic Portfolios, and Corporate and Other. The Commercial Banking segment consists of four divisions: Commercial Finance, Rail, Real Estate Finance, and Business Capital. The Consumer Banking segment includes Retail Banking, Mortgage Lending, and SBA Lending (together referred to as Other Consumer Banking), and Legacy Consumer Mortgages (LCM). The Company's products and services include account receivables collection, acquisition and expansion financing, asset management and servicing, asset-based loans, debt underwriting and syndication, deposits, enterprise value and cash flow loans, equipment leases, factoring services and financial risk management.

Day's Change
1.62 (6.48%)
B/A Size
Day's High
Day's Low
(Heavy Day)

Today's volume of 4,227,033 shares is on pace to be much greater than CIT's 10-day average volume of 3,692,436 shares.


Nasdaq Comp's decline reflects big-tech weakness, but defies bullish breadth data

1:19 pm ET September 16, 2020 (MarketWatch)

The Nasdaq Composite fell 0.3% amid weakness in shares of mega-capitalization technology companies but Nasdaq exchange breadth data pointed to broad gains. The number of advancing stocks on the Nasdaq outnumbered decliners 2,256 to 910, while the volume of advancing stocks represented 68.7% of total volume. But while the market of Nasdaq stocks rallied, the stocks of five-biggest companies by market-cap, all listed on the Nasdaq, traded down. Shares of Apple Inc. (AAPL) lost 2.1%, Microsoft Corp. (MSFT) fell 0.6%, Inc. (AMZN) gave up 0.9%, Google-parent Alphabet Inc. (GOOGL) slipped 0.6% and Facebook Inc. (FB) declined 2.5%. Meanwhile, the S&P 500 rose 0.2% and the Dow Jones Industrial Average climbed 191 points, or 0.7%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

September 16, 2020 13:19 ET (17:19 GMT)

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