CIT Group Inc (CIT) Stock
CIT is no longer traded. CIT Group was merged with First Citizens (FCNCA) on January 3, 2022.
Each CIT share was exchanged for 0.062 shares of First Citizens Class A common stock. Prices on this page are historical; the last trade was January 3, 2022 at $53.50.
See First Citizens (FCNCA) stock →CIT Group stock price history
CIT final trading statistics
- Final close
- $53.50
- Final trading day
- Jan 3, 2022
- Market cap at delisting
- $5.31B
- Shares outstanding
- 99.17M
- Final 52-week range
- $34.77 – $56.62
- Avg. volume (final 3 mo.)
- 1,453,705
- All-time high (split-adj.)
- $55.77 · Sep 2021
- All-time low (split-adj.)
- $12.36 · Mar 2020
- Return since IPO
- +123.6%
- Beta
- 1.47
- Book value / share
- $56.97
- Price / book
- 0.94
CIT Group annual financials
| Fiscal year | Revenue | Net income | EPS |
|---|---|---|---|
| FY2020 | $2.40B | -$615.3M | -$6.59 |
| FY2019 | $2.34B | $529.9M | $5.28 |
| FY2018 | $2.46B | $447.1M | $3.61 |
| FY2017 | $2.48B | $468.2M | $2.60 |
| FY2016 | $2.33B | -$848.0M | -$4.26 |
Last five fiscal years reported before the delisting; fiscal year ending December. EPS is adjusted (non-GAAP) EPS as reported. Source: company filings via EODHD.
About CIT Group Inc
CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. The company operates through Commercial Banking and Consumer Banking segments. The Commercial Banking segment provides a range of commercial lending, leasing, and deposit products; loans comprising revolving lines of credit, term loans, unsecured loans, collateral-backed loans, asset-based loans, commercial real estate loans, and cash flow loans; and ancillary services and products, including cash management, capital markets, and advisory services primarily to small and middle market companies. This segment also offers asset management, factoring, receivable management, and secured financing services; supply chain financing, leasing and equipment financing to small businesses and middle market, and railroads and shippers. The Consumer Banking segment provides checking, savings, money market, and individual retirement accounts; time deposits and certificates of deposit; residential mortgage loans; small business administration loans; payment solutions; and fiduciary services. The company also offers leasing and advisory, and online banking services. It operates through a network of approximately 60 branches located in southern California. CIT Group Inc. was founded in 1908 and is based in New York, New York.
CIT Group stock FAQ
What happened to CIT Group stock?
CIT Group was merged with First Citizens (FCNCA) on January 3, 2022. Shareholders received 0.062 shares of First Citizens Class A common stock for each share. CIT stock stopped trading on the NYSE, with a final close of $53.50 on January 3, 2022.
What did CIT Group shareholders receive?
Each CIT share was converted into 0.062 shares of First Citizens Class A common stock.
Is CIT stock still trading?
No. CIT was delisted from the NYSE on January 3, 2022 and no longer trades on a U.S. exchange. Former CIT Group shareholders received First Citizens (FCNCA) shares.
What was the last price of CIT stock?
CIT closed at $53.50 on its final trading day, January 3, 2022, for a market value of about $5.31B.
What were CIT Group's revenue and earnings in its last full fiscal year?
CIT Group reported revenue of $2.40B and net income of -$615.3M in fiscal 2020, its last full year as a public company.
When did CIT Group go public?
CIT Group Inc stock began trading on December 10, 2009.