CIT Group is a bank holding company and a financial holding company. Through its subsidiaries, Co. provides financing, leasing and advisory services principally to middle-market companies in a range of industries, primarily in North America. Co. also provides banking and related services to commercial and individual customers through its banking subsidiary, CIT Bank, N.A. Co. manages its business in two operating segments: Commercial Banking, which provides a range of lending, leasing and deposit products, as well as ancillary products; and Consumer Banking, which is comprised of two divisions: Consumer and Community Banking and Legacy Consumer Mortgages. We show 49 historical shares outstanding datapoints in our CIT shares outstanding history coverage, used to compute CIT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CIT market cap history over the course of time is important for investors
interested in comparing CIT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of CIT versus a peer is one thing; comparing
CIT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like CIT can fluctuate over the course of history.
With this page we aim to empower investors researching CIT by allowing them to research the CIT market cap history. |
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Video: The Importance of Market Cap
