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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.40
NYSE:CIT's Cash to Debt is ranked lower than
78% of the 1639 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.98 vs. NYSE:CIT: 0.40 )
Ranked among companies with meaningful Cash to Debt only.
NYSE:CIT' s Cash to Debt Range Over the Past 10 Years
Min: 0.04  Med: 0.15 Max: N/A
Current: 0.4
Equity to Asset 0.17
NYSE:CIT's Equity to Asset is ranked higher than
88% of the 1660 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. NYSE:CIT: 0.17 )
Ranked among companies with meaningful Equity to Asset only.
NYSE:CIT' s Equity to Asset Range Over the Past 10 Years
Min: 0.07  Med: 0.13 Max: 0.2
Current: 0.17
0.07
0.2
Interest Coverage 0.75
NYSE:CIT's Interest Coverage is ranked lower than
72% of the 1590 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.69 vs. NYSE:CIT: 0.75 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:CIT' s Interest Coverage Range Over the Past 10 Years
Min: 0.06  Med: 0.51 Max: 0.75
Current: 0.75
0.06
0.75
F-Score: 4
M-Score: -2.45
WACC vs ROIC
11.28%
2.90%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 24.71
NYSE:CIT's Operating margin (%) is ranked lower than
65% of the 1678 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.78 vs. NYSE:CIT: 24.71 )
Ranked among companies with meaningful Operating margin (%) only.
NYSE:CIT' s Operating margin (%) Range Over the Past 10 Years
Min: -309.57  Med: 14.74 Max: 34.78
Current: 24.71
-309.57
34.78
Net-margin (%) 12.80
NYSE:CIT's Net-margin (%) is ranked lower than
78% of the 1677 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.15 vs. NYSE:CIT: 12.80 )
Ranked among companies with meaningful Net-margin (%) only.
NYSE:CIT' s Net-margin (%) Range Over the Past 10 Years
Min: -94.6  Med: 14.9 Max: 44.51
Current: 12.8
-94.6
44.51
ROE (%) 3.97
NYSE:CIT's ROE (%) is ranked lower than
79% of the 1675 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.39 vs. NYSE:CIT: 3.97 )
Ranked among companies with meaningful ROE (%) only.
NYSE:CIT' s ROE (%) Range Over the Past 10 Years
Min: -37.97  Med: 3.11 Max: 13.81
Current: 3.97
-37.97
13.81
ROA (%) 0.65
NYSE:CIT's ROA (%) is ranked lower than
65% of the 1683 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.89 vs. NYSE:CIT: 0.65 )
Ranked among companies with meaningful ROA (%) only.
NYSE:CIT' s ROA (%) Range Over the Past 10 Years
Min: -3.27  Med: 0.6 Max: 2.38
Current: 0.65
-3.27
2.38
Revenue Growth (3Y)(%) 34.10
NYSE:CIT's Revenue Growth (3Y)(%) is ranked higher than
97% of the 1371 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.10 vs. NYSE:CIT: 34.10 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
NYSE:CIT' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -45  Med: -0.7 Max: 34.1
Current: 34.1
-45
34.1
EBITDA Growth (3Y)(%) -5.40
NYSE:CIT's EBITDA Growth (3Y)(%) is ranked lower than
79% of the 1253 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.80 vs. NYSE:CIT: -5.40 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
NYSE:CIT' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -51.3  Med: 5.4 Max: 53.5
Current: -5.4
-51.3
53.5
» NYSE:CIT's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

CIT Guru Trades in Q4 2015

Louis Moore Bacon 775,000 sh (New)
Paul Tudor Jones 18,269 sh (+86.42%)
NWQ Managers 4,109,250 sh (+65.60%)
Keeley Asset Management Corp 298,411 sh (+24.38%)
First Pacific Advisors 5,839,770 sh (+9.77%)
Steven Romick 5,310,100 sh (+9.39%)
Michael Price 465,000 sh (+2.20%)
Chuck Royce Sold Out
Ray Dalio Sold Out
Lee Ainslie 4,391,749 sh (-2.93%)
HOTCHKIS & WILEY 1,444,971 sh (-8.39%)
John Paulson 3,507,300 sh (-49.95%)
George Soros 1,400,628 sh (-50.00%)
» More
Q1 2016

CIT Guru Trades in Q1 2016

Ray Dalio 48,000 sh (New)
Steven Cohen 526,200 sh (New)
First Pacific Advisors 12,859,035 sh (+120.20%)
Steven Romick 11,262,762 sh (+112.10%)
HOTCHKIS & WILEY 2,335,771 sh (+61.65%)
Michael Price 520,000 sh (+11.83%)
Paul Tudor Jones 20,000 sh (+9.48%)
NWQ Managers 4,134,373 sh (+0.61%)
NWQ Managers 104,300 sh (unchged)
First Pacific Advisors 64,000 sh (unchged)
George Soros 1,400,628 sh (unchged)
John Paulson 3,507,300 sh (unchged)
Louis Moore Bacon Sold Out
Keeley Asset Management Corp 253,467 sh (-15.06%)
Lee Ainslie 812,240 sh (-81.51%)
» More
Q2 2016

CIT Guru Trades in Q2 2016

Steven Cohen 642,500 sh (+22.10%)
First Pacific Advisors 14,186,561 sh (+10.32%)
Steven Romick 11,811,262 sh (+4.87%)
First Pacific Advisors 64,000 sh (unchged)
Michael Price 520,000 sh (unchged)
NWQ Managers 50,600 sh (unchged)
Steven Cohen 100,000 sh (unchged)
Lee Ainslie Sold Out
John Paulson Sold Out
Paul Tudor Jones Sold Out
HOTCHKIS & WILEY 2,242,171 sh (-4.01%)
NWQ Managers 3,773,376 sh (-8.73%)
Ray Dalio 42,400 sh (-11.67%)
George Soros 1,189,474 sh (-15.08%)
Keeley Asset Management Corp 50,299 sh (-80.16%)
» More
Q3 2016

CIT Guru Trades in Q3 2016

Paul Tudor Jones 26,002 sh (New)
Keeley Asset Management Corp 57,520 sh (+14.36%)
NWQ Managers 4,289,721 sh (+13.68%)
First Pacific Advisors 14,422,976 sh (+1.67%)
Steven Romick 12,004,408 sh (+1.64%)
First Pacific Advisors 19,000 sh (unchged)
NWQ Managers 116,200 sh (unchged)
Steven Cohen 100,000 sh (unchged)
Michael Price 520,000 sh (unchged)
Ray Dalio Sold Out
George Soros Sold Out
HOTCHKIS & WILEY 2,128,071 sh (-5.09%)
Steven Cohen 131,200 sh (-79.58%)
» More
» Details

Insider Trades

Latest Guru Trades with CIT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Banks » Banks - Regional - US
Compare:NAS:SIVB, NAS:SBNY, NAS:ZION, NYSE:CMA, NAS:PACW, NAS:OZRK, NAS:CBSH, NAS:BOKF, NAS:TFSL, NYSE:CFR, NYSE:WAL, NYSE:SNV, NYSE:PB, NYSE:FRC, NAS:FHB, NYSE:FHN, NAS:BPOP, NAS:UMPQ, OTCPK:FCNCB, NAS:HOMB » details
Traded in other countries:QIT1.Germany,
CIT Group Inc is a banking company. It provides financing, leasing & advisory services principally to middle market companies in industries primarily in North America, and equipment financing and leasing solutions to the transportation industry worldwide.

CIT Group Inc was originally incorporated in Delaware on March 12, 2001 as T-Sub Inc. The Company provides financing, leasing and advisory services principally to middle market companies in industries primarily in North America, and equipment financing and leasing solutions to the transportation industry. The Company's principal product and service offerings include Account receivables collection, Acquisition and expansion financing, Asset management and servicing, Asset-based loans, Credit protection, Debt restructuring, Debt underwriting and syndication, Debtor-in-possession / turnaround financing, Deposits, Enterprise value and cash flow loans, Factoring services, Financial risk management, Import and export financing, Insurance services, Equipment leases, Letters of credit / trade acceptances, Mergers and acquisition advisory services (M&A), and Secured lines of credit. It operates through the following segments, North America Banking, Transportation & International Finance, Legacy Consumer Mortgages, Non-Strategic Portfolios and Corporate and Other. The Transportation & International Finance segment includes the following divisions Aerospace (Commercial Air and Business Air), Rail, Maritime Finance, and International Finance. The markets and services under this segment include large ticket equipment leasing and secured financing to select transportation industries; and Equipment finance and secured lending in select international geographies. The NAB segment includes the following divisions, Commercial Banking, Commercial Real Estate, Commercial Services, Equipment Finance, and Consumer Banking. The markets and services under this segment include factoring, receivables management products and secured financing to retail supply chain companies; and lending, leasing and other financial and advisory services to small and middle-market companies across select industries. The geographic areas of operation of the Company include USA, Asia / Pacific, Europe, Canada, Latin America and Other foreign. The Company sources business through marketing efforts directly to borrowers, lessees, manufacturers, vendors and distributors, and through referral sources and other intermediaries. It also buys participations in syndications of loans and lines of credit and periodically purchase finance receivables on a whole-loan basis. The Company's competitors include global and domestic commercial banks, regional and community banks, captive finance companies, and leasing companies. The Company is regulated by federal and state banking laws, regulations and policies.

Ratios

vs
industry
vs
history
P/E(ttm) 20.56
CIT's P/E(ttm) is ranked lower than
74% of the 1557 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.95 vs. CIT: 20.56 )
Ranked among companies with meaningful P/E(ttm) only.
CIT' s P/E(ttm) Range Over the Past 10 Years
Min: 3.77  Med: 13.22 Max: 595
Current: 20.56
3.77
595
Forward P/E 14.53
CIT's Forward P/E is ranked higher than
57% of the 334 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.24 vs. CIT: 14.53 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 14.05
CIT's PE(NRI) is ranked higher than
52% of the 1539 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.98 vs. CIT: 14.05 )
Ranked among companies with meaningful PE(NRI) only.
CIT' s PE(NRI) Range Over the Past 10 Years
Min: 3.77  Med: 12.65 Max: 595
Current: 14.05
3.77
595
P/B 0.75
CIT's P/B is ranked higher than
74% of the 1662 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.12 vs. CIT: 0.75 )
Ranked among companies with meaningful P/B only.
CIT' s P/B Range Over the Past 10 Years
Min: 0.49  Med: 0.92 Max: 1.19
Current: 0.75
0.49
1.19
P/S 2.49
CIT's P/S is ranked higher than
66% of the 1645 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.21 vs. CIT: 2.49 )
Ranked among companies with meaningful P/S only.
CIT' s P/S Range Over the Past 10 Years
Min: 1.75  Med: 3.54 Max: 10.77
Current: 2.49
1.75
10.77
POCF 4.67
CIT's POCF is ranked higher than
72% of the 925 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.51 vs. CIT: 4.67 )
Ranked among companies with meaningful POCF only.
CIT' s POCF Range Over the Past 10 Years
Min: 3.35  Med: 8.27 Max: 16.75
Current: 4.67
3.35
16.75
EV-to-EBIT 21.99
CIT's EV-to-EBIT is ranked lower than
76% of the 1265 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.31 vs. CIT: 21.99 )
Ranked among companies with meaningful EV-to-EBIT only.
CIT' s EV-to-EBIT Range Over the Past 10 Years
Min: -84.1  Med: 28.8 Max: 232.2
Current: 21.99
-84.1
232.2
EV-to-EBITDA 12.29
CIT's EV-to-EBITDA is ranked lower than
54% of the 1263 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.92 vs. CIT: 12.29 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -146.6  Med: 14.8 Max: 50.4
Current: 12.29
-146.6
50.4
PEG 2.57
CIT's PEG is ranked lower than
74% of the 752 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.28 vs. CIT: 2.57 )
Ranked among companies with meaningful PEG only.
CIT' s PEG Range Over the Past 10 Years
Min: 0.22  Med: 0.47 Max: 2.57
Current: 2.57
0.22
2.57
Shiller P/E 77.36
CIT's Shiller P/E is ranked lower than
95% of the 502 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 20.35 vs. CIT: 77.36 )
Ranked among companies with meaningful Shiller P/E only.
CIT' s Shiller P/E Range Over the Past 10 Years
Min: 9.05  Med: 62.83 Max: 81.23
Current: 77.36
9.05
81.23

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.39
CIT's Dividend Yield is ranked lower than
79% of the 2376 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.79 vs. CIT: 1.39 )
Ranked among companies with meaningful Dividend Yield only.
CIT' s Dividend Yield Range Over the Past 10 Years
Min: 0.19  Med: 1.26 Max: 2.26
Current: 1.39
0.19
2.26
Dividend Payout 0.20
CIT's Dividend Payout is ranked higher than
74% of the 1294 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. CIT: 0.20 )
Ranked among companies with meaningful Dividend Payout only.
CIT' s Dividend Payout Range Over the Past 10 Years
Min: 0.04  Med: 0.17 Max: 0.25
Current: 0.2
0.04
0.25
Forward Dividend Yield 1.40
CIT's Forward Dividend Yield is ranked lower than
81% of the 2299 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.98 vs. CIT: 1.40 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 1.39
CIT's Yield on cost (5-Year) is ranked lower than
85% of the 2629 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.56 vs. CIT: 1.39 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CIT' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.19  Med: 1.26 Max: 2.26
Current: 1.39
0.19
2.26

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.88
CIT's Price/Tangible Book is ranked higher than
70% of the 1660 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.19 vs. CIT: 0.88 )
Ranked among companies with meaningful Price/Tangible Book only.
CIT' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.64  Med: 0.98 Max: 1.21
Current: 0.88
0.64
1.21
Price/Median PS Value 0.70
CIT's Price/Median PS Value is ranked higher than
91% of the 1450 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.10 vs. CIT: 0.70 )
Ranked among companies with meaningful Price/Median PS Value only.
CIT' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.53  Med: 1.01 Max: 2.4
Current: 0.7
0.53
2.4
Price/Peter Lynch Fair Value 1.65
CIT's Price/Peter Lynch Fair Value is ranked lower than
70% of the 381 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.09 vs. CIT: 1.65 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
CIT' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.26  Med: 0.48 Max: 5.47
Current: 1.65
0.26
5.47
Price/Graham Number 0.74
CIT's Price/Graham Number is ranked higher than
65% of the 1404 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.92 vs. CIT: 0.74 )
Ranked among companies with meaningful Price/Graham Number only.
CIT' s Price/Graham Number Range Over the Past 10 Years
Min: 0.39  Med: 0.79 Max: 4.27
Current: 0.74
0.39
4.27
Earnings Yield (Greenblatt) (%) 4.54
CIT's Earnings Yield (Greenblatt) (%) is ranked lower than
58% of the 1663 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.80 vs. CIT: 4.54 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CIT' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.4  Med: 3.2 Max: 5
Current: 4.54
0.4
5
Forward Rate of Return (Yacktman) (%) -6.53
CIT's Forward Rate of Return (Yacktman) (%) is ranked lower than
85% of the 886 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.59 vs. CIT: -6.53 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
CIT' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -19.9  Med: -12.05 Max: 20.4
Current: -6.53
-19.9
20.4

More Statistics

Revenue (TTM) (Mil) $3,425
EPS (TTM) $ 2.09
Beta1.50
Short Percentage of Float4.77%
52-Week Range $25.19 - 43.45
Shares Outstanding (Mil)202.06

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 2,525 2,291 2,018
EPS ($) 3.22 2.87 3.90
EPS w/o NRI ($) 3.22 2.87 3.90
EPS Growth Rate
(3Y to 5Y Estimate)
5.00%
Dividends Per Share ($) 0.60 0.48 0.52
» More Articles for NYSE:CIT

Headlines

Articles On GuruFocus.com
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Steven Romick's Top 3rd Quarter Buys Oct 14 2016 
Steven Romick's FPA Crescent Fund Second Quarter 2016 Commentary Aug 01 2016 
Keeley Funds Comments on CIT Group May 06 2016 
KEELEY Mid Cap Dividend Value Fund First Quarter Commentary May 06 2016 
Steven Romick Keeps On Buying Cisco, American Express Apr 20 2016 
John Paulson Trims Stake in Allergan, Time Warner Cable Apr 04 2016 
Gurus Are Buying These Stocks Trading Below Peter Lynch value Jan 14 2016 
Lee Ainslie Buys Pfizer, Pinnacle Foods in 3rd Quarter Dec 04 2015 
John Paulson Increases Holding in Teva Pharmaceutical Nov 17 2015 

More From Other Websites
CIT GROUP INC Files SEC form 8-K, Other Events Dec 08 2016
CIT Announces Exchange Offer for Its 5.000% Senior Unsecured Notes Due 2017 Dec 08 2016
CIT GROUP INC Files SEC form 8-K, Termination of a Material Definitive Agreement, Triggering Events... Dec 07 2016
Trump Treasury pick Mnuchin could profit from bill to reduce bank supervision Dec 03 2016
CIT GROUP INC Files SEC form 8-K, Change in Directors or Principal Officers Dec 02 2016
[$$] Mnuchin, Tapped for Treasury Secretary, Leaves CIT and Sears Boards Dec 02 2016
CIT Announces Resignation of Steven T. Mnuchin from Board of Directors Dec 02 2016
CIT Appoints Steve Solk President of Consumer Banking Dec 01 2016
[$$] Trump Treasury Pick Could Boost Small Banks Dec 01 2016
CIT Appoints Steve Solk President of Consumer Banking Nov 30 2016
Middle Market Companies Actively Pursuing Growth Strategies Nov 29 2016
Hedge Funds Are Selling CIT Group Inc. (CIT) Nov 26 2016
Middle Market Retailers Optimistic for Holiday Season as Black Friday Approaches Nov 22 2016
Middle Market Retailers Optimistic for Holiday Season as Black Friday Approaches Nov 22 2016
Nominating Mnuchin for Treasury Will Dredge Up Mortgage Meltdown Controversies Nov 22 2016
Ares Capital Manages Leverage amid Acquisition and Investments Nov 21 2016
Trump Treasury candidate's bank accused of discrimination Nov 17 2016
How Good Is Trump for Banks? It's Complicated Nov 17 2016
CIT GROUP INC Financials Nov 17 2016
Mnuchin’s Bank Accused of Redlining Black, Latino Home Buyers Nov 17 2016

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