Price: $0.0000
$0.00
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Day's High:
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Day's Low: |
$ 0.00 |
30 Day Perf: |
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Volume (M): |
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52 Wk High: |
$ 0.00 |
Volume (M$): |
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$0.00 |
52 Wk Low: |
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Market Capitalization (Millions $) |
- |
Shares
Outstanding (Millions) |
100 |
Employees |
3,360 |
Revenues (TTM) (Millions $) |
2,769 |
Net Income (TTM) (Millions $) |
715 |
Cash Flow (TTM) (Millions $) |
-2,107 |
Capital Exp. (TTM) (Millions $) |
712 |
Cit Group Inc
CIT Group Inc., a Delaware corporation,'is a leading global'commercial and consumer
finance'company.'Founded in 1908, we provide'financing'and'leasing'capital'for'
companies'in a wide'variety of industries,'including'many'of'todays'leading'industries'
and'emerging businesses.'We offer vendor,'equipment,'commercial,'factoring,'consumer
and structured financing products.
We have broad'access to'customers'and markets'through our'"franchise"
businesses.'Each'business'focuses on'specific'industries,'asset'types and markets,
with portfolios diversified by client, industry and geography.
We'provide a wide'range of'financing'and'leasing'products'to small, midsize
and larger'companies'across a wide'variety of'industries,'including manufacturing,'
retailing, transportation,'aerospace, construction, technology, communication,'
and various'service-related'industries.'Our secured'lending, leasing and'factoring'
products'include'direct'loans and'leases,'operating leases,'leveraged and single
investor leases, secured revolving lines of credit and term loans, credit protection,'
accounts receivable'collection,'import and export financing, debtor-in-possession
and turnaround financing, and acquisition and expansion'financing.'Consumer
lending,'conducted in our Specialty Finance segment,'consists'primarily'of home
equity'lending to'consumers'originated largely through a network of brokers
and correspondents.
Transactions are generated'through direct calling efforts with borrowers, lessees,'
equipment'end-users,'vendors,'manufacturers'and'distributors'and through referral
sources and other'intermediaries.'In addition,'our strategic business'units
work'together in referring'transactions'to other CIT units to best'meet'our'
customers'overall'financing'needs.'We also'buy'and'sell participations'in and'
syndications'of'finance'receivables'and/or'lines of credit. From time to time,
in the normal course of business, we purchase finance receivables on a wholesale
basis to supplement our'origination'volume and sell certain'finance'receivables'
and equipment'under'operating'leases to reduce concentrations,'for other'balance'
sheet'management'purposes,'or to improve profitability.
We conduct our'operations'through'five'strategic'business'units that market'
products'and'services'that'satisfy the'financing'needs of specific customers,'
industries,'vendors/manufacturers,'and markets.'Our five business segments are
as follows:
o'Specialty'Finance'--'vendor'programs,'small-ticket'commercial lending and
leasing,'consumer'home equity'lending and U.S.'Small Business Administration
lending;
o'Commercial'Finance'-- mid- to'large-ticket'asset-based'lending, factoring;
o'Equipment'Finance -- diversified,'middle market equipment'lending and leasing;
o'Capital'Finance -- commercial'aircraft and rail equipment'leasing and lending;
and
o'Structured'Finance'--'advisory'services,'including'transaction structuring,'
other'specialized'investment'banking'services'and project and other large ticket
asset-based financing.
We compete'primarily on the basis of pricing,'terms and structure.'From time
to time, our competitors seek to compete aggressively on the basis of these
factors and we may lose'market'share to the extent we are'unwilling'to match
competitor pricing and terms in order to maintain interest margins and/or credit
standards.
Other primary'competitive'factors include'industry'experience,'client service
and relationships.'In addition, demand for our products with respect to certain'
industries will be affected by demand for such industrys'services and products
and by industry regulations.
Company Address: 11 West 42nd Street New York 10036 NY
Company Phone Number: 461-5200 Stock Exchange / Ticker: NYSE CIT
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Customers Net Income fell by |
CIT's Customers Net Profit Margin fell to |
-9.42 % |
13.74 %
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Stock Performances by Major Competitors |
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Lcnb Corp
As I analyze the recent financial results of LCNB Corp. for the most recent fiscal period, it is evident that the company has faced some challenges. The company slipped into a deficit, with earnings per share falling significantly compared to the previous year. The decrease in revenue is also cause for concern, as it has declined both year-over-year and sequentially. The net deficit reported for the most recent fiscal period is a stark contrast to the bottom line recorded in the same reporting period a year before. Additionally, the increase in accounts receivable may indicate rising demand, but it also suggests that the company may be facing difficulties in collecting payments.
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American National Bankshares Inc
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Peoples Financial Services Corp
Peoples Financial Services Corp, a commercial bank, has recently released its financial results for the fourth quarter of 2023, which indicate a significant deterioration in key metrics. With a sharp decline in earnings per share (EPS), profit, and revenue, combined with decreasing net margins and operating earnings, the company's poor performance warrants a cautious and bearish perspective. Additionally, the recent fluctuation in share prices indicates ongoing market skepticism towards Peoples Financial Services Corp. Deteriorating Financial Performance Peoples Financial Services Corp's EPS saw a steep decline of -59.48% in the fourth quarter of 2023, falling to $0.52 per share compared to $1.27 in the preceding year. Similarly, profit plummeted by -45.72% from $0.95 to $0.52 per share in the prior reporting season. The downward spiral continued with a revenue decline of -21.25%, dropping to $21.88 million from $27.79 million in the same reporting season of the previous year. Sequentially, revenue deteriorated by -12.938% from $25.14 million.
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First United Corporation
During the past week, First United Corporation witnessed a drop of -0.58% in its shares. However, when compared to a year before, the company's shares exhibited an impressive improvement of 29.39%. With shares trending higher and just 8.6% below its 52-week high, it is important to dive deeper into First United Corporation's financial results and analyze how these figures will impact the company's future. Revenue Reduction and Profitability Slump: First United Corporation experienced a significant revenue reduction of -29.525% during the fourth quarter of the 2023 earnings season. This slump in revenue had a direct impact on profitability, with a decline of -74.76%. The company recorded $14.38 million in revenue for the latest period, in stark contrast to the $20.41 million generated the previous year. Similarly, earnings per share (EPS) dropped to $0.26 from $1.04 in the prior year.
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Smartfinancial Inc
SmartFinancial Inc is a company that has seen a decline in its financial performance in the fiscal year ending December 31, 2023. According to the company's report, both its top and bottom lines were soft, with a significant decrease in income per share and revenue compared to the previous year. The income per share plummeted by 49.35%, while revenue declined by 14.619% year on year. In the fiscal year ending December 31, 2022, the company reported revenue of $43.95 million, with earnings per share at $0.72. However, in the fiscal year ending December 31, 2023, the revenue dropped to $37.53 million, and the earnings per share decreased to $0.36. This represents a negative growth rate of 14.619% in revenue and a significant decline of 49.35% in earnings per share.
|
Per Share |
Current |
Earnings (TTM) |
6.86 $ |
Revenues (TTM) |
27.57 $
|
Cash Flow (TTM) |
- |
Cash |
44.1 $
|
Book Value |
61.48 $
|
Dividend (TTM) |
1.72 $ |
|
Per Share |
|
Earnings (TTM) |
6.86 $
|
Revenues (TTM) |
27.57 $ |
Cash Flow (TTM) |
- |
Cash |
44.1 $
|
Book Value |
61.48 $ |
Dividend (TTM) |
1.72 $ |
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Corporate Finance |
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Segment |
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of total Revenue |
Transport Finance |
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Segment |
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of total Revenue |
Trade Finance |
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Segment |
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of total Revenue |
Commercial Finance Group |
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Segment |
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of total Revenue |
Vendor Finance |
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Segment |
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of total Revenue |
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