Cit Group

Cit Group is a publicly traded company having a good stock performance result. Cit Group is a fortune 500 stock listed company trading under Cit. The company’s name was changed to Commercial Investment Trust in 1915 and to Cit Group, Inc. in 1986. Cit Group has it’s headquarter in New York City. Cit Group was established by Henry Ittleson in 1908 as Commercial Credit and Investment Company.

Cit Group Inc. is a worldwide commercial and consumer finance company. The Company's six business segments are Specialty Finance-commercial, Commercial Services, Specialty Finance-consumer, Corporate Finance, Equipment Finance and Capital Finance. It provides a range of financing and leasing products to small, medium and larger companies across a range of industries, including retailing, manufacturing, transportation, construction, aerospace, technology, communication and a variety of service-related industries.

Cit's secured lending, leasing and factoring products include direct loans and leases, operating leases, secured revolving lines of credit and term loans, accounts receivable collection, leveraged and single-investor leases, credit protection, import and export financing, debtor-in-possession and turnaround financing and acquisition and expansion financing. Consumer lending consists primarily of first-mortgage lending to consumers.

Cit Group, Inc., a commercial and consumer finance company, provides finance and lease capital, and advisory services for consumers and companies across various industries worldwide. It offers dealer, equipment, transportation, and commercial finance products such as factoring, small business lending, home lending, student lending and structured financing products and commercial real estate financing, as well as mergers and acquisitions and management advisory services.

The company’s commercial products include direct loans and leases, leveraged and single investor leases, operating leases, secured revolving lines of credit and term loans, credit protection, import and export financing, accounts receivable collection, debtor-in-possession and turnaround financing, acquisition and expansion financing, and U.S. government-backed small business loans. Cit Group’s consumer products primarily consist of first mortgage loans and government-backed student loans.

It also offers capital markets structuring and syndication, balance sheet restructuring, finance-based insurance and advisory services in asset finance, merger and acquisition, and commercial real estate study. The company serves manufacturing, retailing, transportation, wholesaling, construction, communications, healthcare and various service-related industries, as well as provides financing to consumers in the home and student loan markets.