Hindsight Market

The Graveyard › 2009

Cit Group Inc

CIT · Banks · NYSE · in our data July 2, 2002 to November 2, 2009 (7.3 years)

The first trading day in our data for Cit Group Inc is July 2, 2002 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on February 7, 2007, the market valued it at $12.2 billion. It ended in a collapse: the last trade was $0.25, -99.6% from its split-adjusted high. The delisting record says: likely failure.

2002-072009-11
Peak market value$12.2 billionFebruary 7, 2007
Highest split-adjusted share price$56.41June 4, 2007
Last share price$0.25November 2, 2009
From its split-adjusted high to the end-99.6%
Return over the days in our data-98.7%with dividends, before the last trade
Worst single day-75.0%July 16, 2009

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 2002.

Could you have seen it coming? Play The Crash of '08

Also gone in 2009: Banks