CIT Group is selling at 23.00 as of the 21st of March 2025; that is 0.04 percent increase since the beginning of the trading day. The preferred stock's open price was 22.99. CIT Group has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. The performance scores are derived for the period starting the 21st of December 2024 and ending today, the 21st of March 2025. Click here to learn more.
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina. More on CIT Group Preferred
CIT Group Preferred (FCNCO) is traded on NASDAQ Exchange in USA. It is located in 4300 Six Forks Road, Raleigh, NC, United States, 27609 and employs 10 people. CIT Group is listed under Banking category by Fama And French industry classification. The company classifies itself under Financial Services sector and is part of Banks—Regional industry.
CIT Group Preferred has accumulated about 7.14 B in cash with (283.78 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 446.11, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check CIT Group Probability Of BankruptcyOwnership AllocationAlmost 83.36 percent of CIT Group outstanding shares are held by general public with 16.64 % by other corporate entities.
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Other Information on Investing in CIT Preferred Stock
CIT Group financial ratios help investors to determine whether CIT Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CIT with respect to the benefits of owning CIT Group security.