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Steve Solk Biography and Net Worth

Insider of CIT Group

Steven Solk serves as President of Consumer Banking of the Company. He is responsible for the Consumer Banking business. Mr. Solk also served as President of CIT Business Capital from December 2015 until January 2018. Previously, Mr. Solk was an Executive Vice President of Commercial Finance at RBS Citizens Bank and a member of Citizens’ Executive Leadership Group from April 2010 until September 2014. In this role, he was responsible for executing growth strategies for four commercial banking specialty businesses, which included Franchise Finance, Business Capital, Asset Finance and Commercial Real Estate. Prior to RBS, Mr. Solk served in several executive roles in the financial sector, including more than 20 years at Citigroup. At Citigroup, he managed multiple lending and leasing specialty businesses and attained leading market positions in core target markets. Mr. Solk began his career at Bank of America, where he underwrote and managed corporate relationships. Mr. Solk earned a Bachelor of Arts degree in Finance from Arizona State University.

What is Steve Solk's net worth?: The estimated net worth of Steve Solk is at least $1.77 million as of February 4th, 2021. Mr. Solk owns 33,092 shares of CIT Group stock worth more than $1,770,422 as of April 25th. This net worth evaluation does not reflect any other investments that Mr. Solk may own. Learn More about Steve Solk's net worth.
How do I contact Steve Solk?: The corporate mailing address for Mr. Solk 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 Steve Solk's contact information.
Has Steve Solk been buying or selling shares of CIT Group?: Steve Solk has not been actively trading shares of CIT Group during the last quarter. Most recently, Steve Solk sold 5,000 shares of the business's stock in a transaction on Thursday, October 28th. The shares were sold at an average price of $49.70, for a transaction totalling $248,500.00. Learn More on Steve Solk'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.

Steve Solk Insider Trading History at CIT Group

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
10/28/2021	Sell	5,000	$49.70	$248,500.00
2/4/2021	Sell	11,000	$41.23	$453,530.00	33,092
8/16/2019	Buy	2,000	$42.45	$84,900.00	31,292
8/25/2017	Sell	1,460	$45.00	$65,700.00	14,832

Steve Solk 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

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