CIT: CIT GROUP INC Profile

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CIT GROUP INC

CIT

Stock price

9.54 0.00 0.00%

as of 04:07 PM EDT on 07/23/2008 in USD (NYSE Delay: 20 mins.)
Extended Hours

9.49 -0.05 -0.52%

as of 08:59 AM EDT on 07/24/08

Analyst Consensus

Buy
Analyst Consensus

Strong Buy

Buy

Hold

Sell

Strong Sell
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2007 Sales	2007 Sales Growth	2007 Net Income	2007 Employees
$8,605,000,000	23.9%	$-81,000,000	6,700

Key Executives: CIT

Name	Title	Officer Since
Jeffrey M. Peek	CEO	9/1/03
Alexander T. Mason	COO	-
Joseph M. Leone	CFO	-
William J. Taylor, CPA	Chief Accounting Officer	-
Robert J. Ingato	General Counsel	-
Nancy J. Foster	Chief Risk Officer	-
James S. McDonald	Director	10/17/07
Walter J. Owens	President, Divisional	-

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— View Full Profile

Nancy J. Foster

James S. McDonald has served as a director of CIT since October 2007. Mr. McDonald has served as the President, Chief Executive Officer and director of Rockefeller & Co., Inc. and as a director of Rockefeller Financial Services, Inc. since 2001. Previously, Mr. McDonald served as President and Chief Executive Officer of Pell Rudman & Co., Inc. from 1986 to 2000, and Partner in the Boston law firm of Choate, Hall & Stewart, Attorneys, which he... View Full Profile

James S. McDonald

Walter J. Owens has served as President, CIT Corporate Finance since January 2007. Prior to January 2007, Mr. Owens served as Executive Vice President and Chief Sales and Marketing Officer of CIT since March 2005. Prior to joining CIT, Mr. Owens served as Chief Marketing Officer for General Electric Commercial Finance since 2003, and in a number of other executive and management positions with GE since 1992. Mr. Owens is a certified public... View Full Profile

Walter J. Owens

John F. Daly has served as President and Chief Executive Officer of CIT Trade Finance since 1999. Previously, Mr. Daly was Executive Vice President and Senior Credit Officer of CIT Trade Finance since 1996 and served in various other senior management positions since joining CIT in 1987. Prior to joining CIT, Mr. Daly was employed by Manufacturers Hanover Commercial Corporation since 1973.... View Full Profile

John F. Daly

Terry Kelleher has served as Co-President of CIT Global Vendor Finance since September 2007. Previously, Mr. Kelleher served as Managing Director of CIT Vendor Finance, Europe, Asia and the South Pacific. Prior to joining CIT, Mr. Kelleher was with GE Capital in a number of senior positions at various international locations since 1990 and Wang International Finance Limited as Group Finance Director since 1986. Mr. Kelleher is a qualified... View Full Profile

Terry Kelleher

C. Jeffrey Knittel has served as President of CIT Transportation Finance since April 2007 and CIT Aerospace since 1998. Previously, Mr. Knittel served as Executive Vice President of CIT Group/Capital Finance division since 1992, and in several other senior management positions within CIT Group/Capital Finance division since 1986. Mr. Knittel also served in various senior management positions with Manufacturers Hanover Leasing Corporation since... View Full Profile

C. Jeffrey Knittel

Kristine Snow has served as Co-President of CIT Global Vendor Finance since September 2007. Previously, Ms. Snow served as President of CIT Vendor Finance, Americas since September 2006. Prior to joining CIT, Ms. Snow spent 17 years at Sun Microsystems, Inc., most recently as Senior Vice President of Sun Microsystems Global Financial Services. Prior to Sun Microsystems, Ms. Snow held various positions with Cray Research Inc., Digital Equipment... View Full Profile

Kristine Snow

Kristine Snow has served as Co-President of CIT Global Vendor Finance since September 2007. Previously, Ms. Snow served as President of CIT Vendor Finance, Americas since September 2006. Prior to joining CIT, Ms. Snow spent 17 years at Sun Microsystems, Inc., most recently as Senior Vice President of Sun Microsystems Global Financial Services. Prior to Sun Microsystems, Ms. Snow held various positions with Cray Research Inc., Digital Equipment... View Full Profile

Lawrence A. Marsiello

Kristine Snow has served as Co-President of CIT Global Vendor Finance since September 2007. Previously, Ms. Snow served as President of CIT Vendor Finance, Americas since September 2006. Prior to joining CIT, Ms. Snow spent 17 years at Sun Microsystems, Inc., most recently as Senior Vice President of Sun Microsystems Global Financial Services. Prior to Sun Microsystems, Ms. Snow held various positions with Cray Research Inc., Digital Equipment... View Full Profile

Thomas B. Hallman

William M. Freeman has served as a director of CIT since July 2003. Mr. Freeman has served as President and Chief Executive Officer and Director of Arbinet-thexchange, Inc. since November 19, 2007. Previously, Mr. Freeman was elected to the Board of Motient Corp., now Terrestar Corp., on February 5, 2007, and Chairman of Motient/Terrestar on March 15, 2007. Mr. Freeman also served as Chief Executive Officer and Director of Leap Wireless... View Full Profile

William M. Freeman

William J. Taylor has served as Executive Vice President and Controller of CIT since November 1999. Previously, Mr. Taylor served as Senior Vice President and Controller since 1993, as Vice President and Controller since 1991, and joined CIT as Vice President and Assistant Controller in 1989. Prior to joining CIT, he served as Senior Vice President and Controller of Crossland Savings FSB and as a Senior Audit Manager with KPMG specializing in... View Full Profile

William J. Taylor, CPA

Susan M. Lyne has served as a director of CIT since October 2006. Ms. Lyne has served as President, Chief Executive Officer and director of Martha Stewart Living Omnimedia, Inc. since November 2004. Prior to joining Martha Stewart Living, Ms. Lyne served in various positions at Walt Disney Company, including President, ABC Entertainment from 2002 to 2004, Executive Vice President, Movies & Miniseries, ABC Entertainment from 1998 to 2002, and... View Full Profile

Susan M. Lyne

Timothy M. Ring has served as a director of CIT since January 2005. Mr. Ring has served as Chairman and Chief Executive Officer of C.R. Bard, Inc. since August 2003. Previously, he served as Group President from April 1997 to August 2003, as Group Vice President from December 1993 to April 1997, and Corporate Vice President - Human Resources from June 1992 to December 1993. Prior to joining C.R. Bard in 1992, Mr. Ring served in a number of... View Full Profile

Timothy M. Ring

Vice Admiral John R. Ryan has served as a director of CIT since July 2003. Mr. Ryan is President and Chief Executive Officer of the Center for Creative Leadership in Greensboro, North Carolina since June 2007. Previously, Mr. Ryan served as Chancellor of the State University of New York since June 2005. Mr. Ryan also served as President of the State University of New York Maritime College from June 2002 until June 2005 while also serving as the... View Full Profile

Vice Admiral John R. Ryan

Joseph M. Leone has served as CIT's Vice Chairman and Chief Financial Officer since September 2003. Previously, Mr. Leone served as Executive Vice President and Chief Financial Officer since July 1995. Mr. Leone served as Executive Vice President of Sales Financing, a business unit of CIT, from June 1991, Senior Vice President and Controller since March 1986, and in a number of other executive and management positions with Manufacturers Hanover... View Full Profile

Joseph M. Leone

Lois M. Van Deusen has served as a director of CIT since January 2003. Ms. Van Deusen is the Managing Member and 100% owner of LVD Consulting, LLC, which was formed in January 2008, and Of Counsel and the former Managing Partner of McCarter & English, LLP, a regional law firm based in Newark, New Jersey. Ms. Van Deusen joined McCarter & English in 1978, was named a partner in 1986 and retired from the partnership in 2007. Ms. Van Deusen is... View Full Profile

Lois M. Van Deusen

Peter J. Tobin has served as a director of CIT since July 1, 2002, and previously from May 1984 to June 1, 2001. Mr. Tobin retired from St. John's University in May 2005, after serving as Special Assistant in Corporate Relations and Development to the President of St. John's University since September 2003, and previously as Dean of the Peter J. Tobin College of Business at St. John's University since August 1998. From March 1996 to December... View Full Profile

Peter J. Tobin

Robert J. Ingato has served as CIT's Executive Vice President and General Counsel since June 2001, and as Secretary since August 14, 2002. Previously, Mr. Ingato served as Executive Vice President and Deputy General Counsel since November 1999. Mr. Ingato also served as Executive Vice President of Newcourt Credit Group Inc., which was acquired by CIT, since January 1998, as Executive Vice President and General Counsel of AT&T Capital Corporation,... View Full Profile

Robert J. Ingato

Seymour Sternberg has served as a director of CIT since December 2005. Mr. Sternberg has served as Chairman of the Board and Chief Executive Officer of New York Life Insurance Company since April 1997. Mr. Sternberg joined New York Life as a Senior Vice President in 1989, and held positions of increasing responsibility, including Executive Vice President, Vice Chairman, and President and Chief Operating Officer. Mr. Sternberg serves on the Board... View Full Profile

Seymour Sternberg

Marianne Miller Parrs has served as a director of CIT since January 2003. Ms. Parrs retired at the end of 2007 from the International Paper Company where she had served as Executive Vice President and Chief Financial Officer since November 2005 and as interim Chief Financial Officer since May 2005. Ms. Parrs also has served as Executive Vice President with responsibility for Information Technology, Global Sourcing, Global Supply Chain - Delivery,... View Full Profile

Marianne Miller Parrs

Jeffrey M. Peek has served as our Chief Executive Officer since July 2004 and as Chairman of the Board of Directors of CIT since January 1, 2005. Mr. Peek joined CIT as President and Chief Operating Officer and as a director in September 2003. Previously, Mr. Peek was Vice Chairman of Credit Suisse First Boston LLC and was responsible for the firm's Financial Services Division, including Credit Suisse Asset Management, Pershing and Private Client... View Full Profile

Jeffrey M. Peek

Gary C. Butler has served as a director of CIT since February 2004. Mr. Butler has served as President and Chief Executive Officer of Automatic Data Processing, Inc. ("ADP") since August 31, 2006 and as President and Chief Operating Officer since 1998. Previously, Mr. Butler served as Group President, Employer Services at ADP since 1995, as President of ADP's Dealer Services Division since 1989, and in a number of other executive and management... View Full Profile

Gary C. Butler

On June 16, 2008, CIT Group Inc. issued a press release announcing the appointment of Alexander T. Mason as President and Chief Operating Officer, effective immediately. Prior to joining CIT, Mason served as Vice Chairman and Chief Operating Officer of Mercantile Bankshares Corporation until its March 2007 acquisition by PNC Bank. His responsibilities included all banking functions, marketing, strategic planning and human resources. Before this,... View Full Profile

Alexander T. Mason

Top Competitors: CIT

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Insider Trends: CIT
Sentiment for CIT is POSITIVE
- 0M
- 2M
- 4M
- 6M
- Market Value of Insider Sales
- Market Value of Insider Purchases
Total dollar value of all insider purchases and sales over 12 months
View All Insider Sentiment

Insider Transactions: CIT

Date	Name	Shares	Transaction Type	Market Value
07/18/08	VAN DEUSEN LOIS M	6,200	Purchase	$52,689.90
07/17/08	MASON ALEXANDER T	129,871	Award of Stock Options	$0.00
05/06/08	FREEMAN WILLIAM M	3,428	Award of Stock Options	$0.00

View All Insider Activity

Ownership Breakdown : CIT

Large Block Holder Type	Number
Institutions	458.00
Mutual Fund	930.00
Other Major	17.00

Full Details

Indices : CIT

Symbol	Name	Last Trade	Change
$RUI.X	Russell 1000 Index	701.92	2.29 0.33%
$INX	S&P 500 Index	1,282.19	0.00 0.00%
—	Fortune 500 Industrial Index	—	——%

View all Indices that include CIT

Short Interest Volume: CIT

Data as of 6/25/08

Current Short Interest Shares	301.99 M
Current Short Interest Ratio	5.40
Float	281.56 M

Short Interest as % of Float	14.50
Average Daily Volume	11.85 M
Outstanding Shares	285.20 M

Full Details

SEC Filings: CIT

Accepted Date	Description
07/23/2008	SEC Filing: Insider Buy/Sell
07/21/2008	SEC Filing: Insider Buy/Sell
07/21/2008	SEC Filing: Insider Buy/Sell

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CIT GROUP INC

CIT

Stock price

9.54 0.00 0.00%

as of 04:07 PM EDT on 07/23/2008 in USD (NYSE Delay: 20 mins.)
Analyst Consensus
- Strong Buy
- Buy
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- Sell
- Strong Sell
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CIT GROUP INC

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CIT GROUP INC Profile

Key Executives: CIT

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Ownership Breakdown : CIT

Indices : CIT

Short Interest Volume: CIT

SEC Filings: CIT

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