Cit Group Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Cit Group

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Cit Group Fast Facts

Revenue	Over $500 million    See Exact Annual Revenue
Employees	N/AExact Company Size
Primary Industry	522291 Consumer Lending
Address	1 Cit Drive Livingston, NJ 07039

Note: Revenues for privately held companies are statistical evaluations.


Cit Group's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Cit Group's annual revenues are Over $500 million (see exact revenue data)
• What industry is the company in?
  • Cit Group is classified as operating in the Consumer Lending industry, NAICS Code 522291.

Cit Group Annual Revenue and Growth Rate

Cit Group	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	Over $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Cit Group's revenues are gauged from an analysis of company filings.

Cit Group's Income Statement (based on Industry Averages)

Cit Group P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Trademark Applications

Trademark applications show the products and services that Cit Group is developing and marketing. Cit Group doesn't have any recent trademark applications, indicating Cit Group is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
TOMORROW THINKING banking and financing services; commercial and consumer lending services; checking and savings account services; Banking services featuring the provision of certificates of deposit; ATM banking services; individual retirement account services; financial advisory and consulting services; factoring agency services; insurance brokerage and agency services; reinsurance underwriting; on-line banking; Payment processing services, namely, credit card and debit card transaction processing services; commercial and consumer financial services, namely, secured and unsecured financing, asset based lending, lease-purchase financing, debt restructuring, structured financing, project financing, franchise financing, rail and aviation financing, equipment financing, factoring agencies, lines of credit lending, letter of credit issuance, loan and lease syndication in the nature of forming a syndicate of multiple lenders to provide the borrower with needed capital for repayment; student loan services; real estate financing services; real estate lending services; corporate, commercial and institutional real estate advisory services relating to real estate investment and corporate real estate portfolios; strategic planning regarding acquisitions and divestitures of real estate assets and designing strategic financing solutions for real estate investments; financing real estate investments for corporate, commercial and institutional clients	08/05/2020
C-SUITE banking and financing services; commercial and consumer lending services; checking and savings account services; Banking services featuring the provision of certificates of deposit; ATM banking services; individual retirement account services; financial advisory and consulting services; factoring agency services; insurance brokerage and agency services; reinsurance underwriting; on-line banking; Payment processing services, namely, credit card and debit card transaction processing services; commercial and consumer financial services, namely, secured and unsecured financing, asset based lending, lease-purchase financing, debt restructuring, structured financing, project financing, franchise financing, rail and aviation financing, equipment financing, factoring agencies, lines of credit lending, letter of credit issuance, loan and lease syndication in the nature of forming a syndicate of multiple lenders to provide the borrower with needed capital for repayment; student loan services; real estate financing services; real estate lending services; corporate, commercial and institutional real estate advisory services relating to real estate investment and corporate real estate portfolios; strategic planning regarding acquisitions and divestitures of real estate assets and designing strategic financing solutions for real estate investments; financing real estate investments for corporate, commercial and institutional clients	03/18/2020
C-SUITE DIGITAL SOLUTIONS banking and financing services; commercial and consumer lending services; checking and savings account services; Banking services featuring the provision of certificates of deposit; ATM banking services; individual retirement account services; financial advisory and consulting services; factoring agency services; insurance brokerage and agency services; reinsurance underwriting; on-line banking; Payment processing services, namely, credit card and debit card transaction processing services; commercial and consumer financial services, namely, secured and unsecured financing, asset based lending, lease-purchase financing, debt restructuring, structured financing, project financing, franchise financing, rail and aviation financing, equipment financing, factoring agencies, lines of credit lending, letter of credit issuance, loan and lease syndication in the nature of forming a syndicate of multiple lenders to provide the borrower with needed capital for repayment; student loan services; real estate financing services; real estate lending services; corporate, commercial and institutional real estate advisory services relating to real estate investment and corporate real estate portfolios; strategic planning regarding acquisitions and divestitures of real estate assets and designing strategic financing solutions for real estate investments; financing real estate investments for corporate, commercial and institutional clients	03/18/2020

See all trademarks and details in the Full Report.

Market Share of Cit Group's Largest Competitors

A competitive analysis shows these companies are in the same general field as Cit Group, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
SYNCHRONY FINANCIAL	Stamford, CT	100
SOCIAL FINANCE	San Francisco, CA	29
TITLEMAX OF GEORGIA	Savannah, GA	29
UPSTART NETWORK	San Mateo, CA	26
ADVANCE AMERICA CASH ADVANCE CENTERS	Spartanburg, SC	23
MARINER FINANCE	Baltimore, MD	22
ENOVA INTERNATIONAL	Chicago, IL	21
PROG HOLDINGS	Draper, UT	21
SECURITY GROUP	Spartansburg, SC	21

Nearby Competitors

These companies are similar in business line and location to Cit Group. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
CIT GROUP	Livingston, NJ	100
ATLANTIC HOME LOANS	Parsippany, NJ	5
MLB RESIDENTIAL LENDING	Springfield, NJ	2
FIRST ALLIANCE HOME MORTGAGE	Cranford, NJ	2
JERSEY MORTGAGE COMPANY OF NEW JERSEY	Cranford, NJ	2
CITY STANDARD DATA	Millburn, NJ	1

Future Competition: Cit Group's Fastest Growing Competitors

These companies are in the same general field as Cit Group and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)