CIT Group SWOT Analysis, Competitors & USP

Posted in Banking & Financial Services, Total Reads: 1574

SWOT analysis of CIT Group analyses the brand/company with its strengths, weaknesses, opportunities & threats. CIT Group is one of the leading brands in the banking & financial services sector. The table below also lists the top CIT Group competitors and elaborates CIT Group segmentation, targeting, positioning & USP.

CIT Group

Parent Company

CIT Group Inc.( Commercial Investment Trust)


Financial Institution


Banking & Financial Services

Tagline/ Slogan

At CIT, we are Capital Redefined


A one stop where all commercial as well as retail financial services are provided



Individuals, HNIs and medium & large firms

Target Group

Medium and large firms


A financial service provider that offers products related to every specific need of firms as well as offers financial products for retail customers

CIT Group SWOT Analysis


Below is the Strengths, Weaknesses, Opportunities & Threats (SWOT) Analysis of CIT Group. Strengths are:

1. Appears in the list of Fortune 500 companies
2. Offers diverse range of products for firms from factoring, leasing, retail financing, aerospace to global vendor finance
3. Has a subsidiary- CIT Bank- which provides financial products to retail customers

4. The company has operations in US, Europe & Asia Pacific

5. Over 3500+ people are employed with the company


Here are the weaknesses in the CIT Group SWOT Analysis:

1. Lower market share compared to prominent global financial institutions
2. Mostly confined in a few locations with limited brand awareness


Following are the Opportunities in CIT Group SWOT Analysis:

1. Can expand to other locations & increase its market share
2. Can diversify to merchant banking, wholesale banking, investment banking, etc.

3. More services for customers and more focus on brand marketing and advertising


The threats in the SWOT Analysis of CIT Group are as mentioned:

1. Highly sensitive to macroeconomic outlook of the particular country
2. Vulnerable to political situation of the country

3. Economic recessions and increasing competitors activity

CIT Group Competition


Below are the top 6 CIT Group competitors:

1. American Financial Services
2. Wells Fargo
3. JP Morgan Chase.

4. Discover Financial Services

5. Brewer Investment Group

6. Fannie Mae

The brandguide table above concludes the CIT Group SWOT analysis along with its marketing and brand parameters. Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry.

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