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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
12/28/2021 |
$53.05 |
$53.64 |
$52.76 |
$52.84 |
910.40K | 12/29/2021 |
$51.92 |
$52.30 |
$50.76 |
$51.57 |
3.34M | 12/30/2021 |
$51.47 |
$51.99 |
$50.02 |
$50.30 |
2.09M | 12/31/2021 |
$50.34 |
$51.75 |
$49.66 |
$51.34 |
1.78M | 01/03/2022 |
$51.36 |
$54.33 |
$51.36 |
$53.50 |
32.81M |
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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. | |
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CIT (CIT) has the following price history information. Looking back at CIT historical stock prices for the last five trading days, on December 28, 2021, CIT opened at $53.05, traded as high as $53.64 and as low as $52.76, and closed at $52.84. Trading volume was a total of 910.40K shares. On December 29, 2021, CIT opened at $51.92, traded as high as $52.30 and as low as $50.76, and closed at $51.57. Trading volume was a total of 3.34M shares. On December 30, 2021, CIT opened at $51.47, traded as high as $51.99 and as low as $50.02, and closed at $50.30. Trading volume was a total of 2.09M shares. On December 31, 2021, CIT opened at $50.34, traded as high as $51.75 and as low as $49.66, and closed at $51.34. Trading volume was a total of 1.78M shares. On January 03, 2022, CIT opened at $51.36, traded as high as $54.33 and as low as $51.36, and closed at $53.50. Trading volume was a total of 32.81M shares.
CIT Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into CIT shares, starting with a $10,000 purchase of CIT, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
01/03/2022 |
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Start price/share: |
$49.89 |
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End price/share: |
$53.50 |
|
Starting shares: |
200.44 |
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Ending shares: |
241.45 |
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Dividends reinvested/share: |
$7.13 |
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Total return: |
29.18% |
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Average Annual Total Return: |
3.35% |
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Starting investment: |
$10,000.00 |
|
Ending investment: |
$12,915.52 |
|
Years: |
7.76 |
|
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/01/2014 |
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End date: |
01/03/2022 |
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Start price/share: |
$49.89 |
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End price/share: |
$53.50 |
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Dividends collected/share: |
$7.13 |
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Total return: |
21.53% |
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Average Annual Total Return: |
2.54% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,150.10 |
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Years: |
7.76 |
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Date |
Close |
12/28/2021 | $52.84 | 12/29/2021 | $51.57 | 12/30/2021 | $50.30 | 12/31/2021 | $51.34 | 01/03/2022 | $53.50 |
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