Report
EUR 13.77 For Business Accounts Only

CIT GROUP sees an upgrade to Neutral thanks to a better star rating, but the title remains unattractive

The independent financial analyst theScreener just awarded an improved star rating to CIT GROUP (US), active in the Speciality Finance industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 1 out of 4 possible stars. Given its market behaviour as moderately risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Neutral; the title, however, remains unattractive. As of the analysis date December 7, 2021, the closing price was USD 49.90 and its target price was estimated at USD 42.08.
Underlying
CIT Group Inc.

CIT Group is a bank and a financial holding company. Through its subsidiaries, the company provides financing, leasing and advisory services to middle-market companies and small businesses in a range of industries in North America. The company also provides banking and related services to commercial and individual customers through its banking subsidiary. The company has three operating segments: Commercial Banking, which include Commercial Finance, Rail, Real Estate Finance, and Business Capital; Consumer Banking, which includes Retail Banking, Consumer Lending, and Small Business Administration Lending; and Non-Strategic Portfolios, which includes businesses and portfolios that the company no longer consider strategic.

Provider
TheScreener
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