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Michael L. Brosnan net worth and biography

Michael Brosnan Biography and Net Worth

Director of CIT Group

Brosnan joined the CIT board in November 2016 and also serves as a board member for CIT Bank, N.A. Brosnan served as the examiner-in-charge of the Midsize Bank Supervision unit in the Office of the Comptroller of the Currency (OCC) from May 2013 to May 2016. Prior to that, he was senior deputy comptroller for the agency’s Large Bank Supervision unit from December 2010 to April 2013. In addition, he served as a member of the OCC's executive committee and the Committee on Bank Supervision.

From 2004 to 2008, Brosnan served in executive management roles at MBNA and Bank of America, including as enterprise operational risk executive responsible for risk management of the bank’s Global Technology and Operations, Chief Administrative Office, and Supplier Risk Management organizations. Brosnan previously served as compliance executive for Bank of America Card Services, and he oversaw the Operational Risk Management Division of MBNA America. Prior to his tenure with MBNA and Bank of America, Brosnan spent 21 years with the OCC. In 2003, he was named senior national bank examiner, the highest honor and designation available to bank examiners.

Brosnan received a Bachelor of Science degree and an MBA from Lynchburg College in Virginia. He also received the chartered financial analyst designation.

What is Michael L. Brosnan's net worth?: The estimated net worth of Michael L. Brosnan is at least $742,740.50 as of March 11th, 2021. Mr. Brosnan owns 13,883 shares of CIT Group stock worth more than $742,741 as of May 3rd. This net worth approximation does not reflect any other assets that Mr. Brosnan may own. Learn More about Michael L. Brosnan's net worth.
How do I contact Michael L. Brosnan?: The corporate mailing address for Mr. Brosnan and other CIT Group executives is 11 West 42nd Street, New York NY, 10036. CIT Group can also be reached via phone at (212) 461-5200 and via email at [email protected]. Learn More on Michael L. Brosnan's contact information.
Has Michael L. Brosnan been buying or selling shares of CIT Group?: Michael L. Brosnan has not been actively trading shares of CIT Group over the course of the past ninety days. Most recently, Michael L. Brosnan sold 5,901 shares of the business's stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $50.96, for a transaction totalling $300,714.96. Following the completion of the sale, the director now directly owns 13,883 shares of the company's stock, valued at $707,477.68. Learn More on Michael L. Brosnan's trading history.
Who are CIT Group's active insiders?: CIT Group's insider roster includes Michael Brosnan (Director), John Fawcett (EVP), Marisa Harney (EVP), Wahida Plummer (EVP), Steve Solk (Insider), Edward Sperling (EVP), and Sheila Stamps (Director). Learn More on CIT Group's active insiders.

Michael L. Brosnan Insider Trading History at CIT Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/11/2021	Sell	5,901	$50.96	$300,714.96	13,883
3/20/2020	Buy	10,000	$13.95	$139,500.00	10,649
6/9/2017	Buy	24	$45.68	$1,096.32	3,768

Michael L. Brosnan Buying and Selling Activity at CIT Group

CIT Group Company Overview

CIT Group, Inc. is a financial holding company, which provides financing, leasing and advisory services. It operates through the following business segments: Commercial Banking, Consumer Banking and Corporate. The Commercial Banking segment consists of four divisions, commercial finance, rail, and real estate finance and business capital. It provides a range of lending, leasing and deposit products, as well as ancillary products and services, including factoring, cash management and advisory services, primarily to small and medium- sized companies, as well as to the rail industry. The Consumer Banking segment includes retail Banking, consumer lending, and SBA lending, which are grouped together for purposes of discussion as other consumer banking and legacy consumer mortgages. The Corporate segment consists of businesses and portfolios that they no longer consider strategic. These portfolios include equipment financing, secured lending and leasing and advisory services to small and middle-market businesses. The company was founded by Henry Ittelson in 1908 and is headquartered in New York, NY.

Today's Range

Now: $53.50

$51.36

$54.33

50 Day Range

MA: $51.72

$46.31

$53.61

2 Week Range

Now: $53.50

$34.77

$56.62

Volume

32,810,120 shs

Average Volume

778,897 shs

Market Capitalization

$5.31 billion

P/E Ratio

7.80

Dividend Yield

2.62%

Beta

1.48