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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 : 7/10

vs
industry
vs
history
Cash to Debt 0.27
CIT's Cash to Debt is ranked higher than
58% of the 1274 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. CIT: 0.27 )
CIT' s 10-Year Cash to Debt Range
Min: 0.06   Max: 0.33
Current: 0.27

0.06
0.33
Equity to Asset 0.19
CIT's Equity to Asset is ranked higher than
91% of the 1589 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.10 vs. CIT: 0.19 )
CIT' s 10-Year Equity to Asset Range
Min: 0.08   Max: 0.2
Current: 0.19

0.08
0.2
Interest Coverage 0.68
CIT's Interest Coverage is ranked higher than
58% of the 1350 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. CIT: 0.68 )
CIT' s 10-Year Interest Coverage Range
Min: 0.06   Max: 0.98
Current: 0.68

0.06
0.98
F-Score: 7
Z-Score: 0.19
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 : 8/10

vs
industry
vs
history
Operating margin (%) 32.29
CIT's Operating margin (%) is ranked higher than
76% of the 1455 Companies
in the Global Specialty Finance industry.

( Industry Median: 30.05 vs. CIT: 32.29 )
CIT' s 10-Year Operating margin (%) Range
Min: -309.57   Max: 37.87
Current: 32.29

-309.57
37.87
Net-margin (%) 28.19
CIT's Net-margin (%) is ranked higher than
85% of the 1563 Companies
in the Global Specialty Finance industry.

( Industry Median: 20.45 vs. CIT: 28.19 )
CIT' s 10-Year Net-margin (%) Range
Min: -174.64   Max: 28.19
Current: 28.19

-174.64
28.19
ROE (%) 7.64
CIT's ROE (%) is ranked higher than
72% of the 1547 Companies
in the Global Specialty Finance industry.

( Industry Median: 7.96 vs. CIT: 7.64 )
CIT' s 10-Year ROE (%) Range
Min: -140.79   Max: 13.63
Current: 7.64

-140.79
13.63
ROA (%) 1.43
CIT's ROA (%) is ranked higher than
92% of the 1556 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.74 vs. CIT: 1.43 )
CIT' s 10-Year ROA (%) Range
Min: -15.68   Max: 1.5
Current: 1.43

-15.68
1.5
ROC (Joel Greenblatt) (%) 5.94
CIT's ROC (Joel Greenblatt) (%) is ranked lower than
51% of the 1430 Companies
in the Global Specialty Finance industry.

( Industry Median: 78.30 vs. CIT: 5.94 )
CIT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -37.6   Max: 12.82
Current: 5.94

-37.6
12.82
Revenue Growth (%) -10.20
CIT's Revenue Growth (%) is ranked higher than
54% of the 1281 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. CIT: -10.20 )
CIT' s 10-Year Revenue Growth (%) Range
Min: -45   Max: 18.5
Current: -10.2

-45
18.5
EBITDA Growth (%) 4.60
CIT's EBITDA Growth (%) is ranked higher than
69% of the 1123 Companies
in the Global Specialty Finance industry.

( Industry Median: 7.20 vs. CIT: 4.60 )
CIT' s 10-Year EBITDA Growth (%) Range
Min: -51.3   Max: 53.5
Current: 4.6

-51.3
53.5
EPS Growth (%) 9.10
CIT's EPS Growth (%) is ranked higher than
72% of the 1105 Companies
in the Global Specialty Finance industry.

( Industry Median: 9.50 vs. CIT: 9.10 )
CIT' s 10-Year EPS Growth (%) Range
Min: 9.1   Max: 565.7
Current: 9.1

9.1
565.7
» CIT's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2013

CIT Guru Trades in Q2 2013

James Barrow 1,802,646 sh (New)
Ray Dalio 7,000 sh (New)
Louis Moore Bacon 700,000 sh (+460%)
Steven Cohen 211,270 sh (+395.35%)
Pioneer Investments 804,195 sh (+1.17%)
Louis Moore Bacon 100,000 sh (unchged)
Michael Price 357,500 sh (unchged)
Manning & Napier Advisors, Inc Sold Out
Howard Marks Sold Out
Tom Russo Sold Out
John Keeley 279,230 sh (-2.89%)
Steven Romick 2,365,000 sh (-13.86%)
First Pacific Advisors 2,590,100 sh (-14.76%)
Larry Robbins 1,016,535 sh (-40.38%)
Jim Simons 398,300 sh (-48.19%)
» More
Q3 2013

CIT Guru Trades in Q3 2013

Jim Simons 983,200 sh (+146.85%)
James Barrow 4,180,262 sh (+131.9%)
Ray Dalio 15,100 sh (+115.71%)
Michael Price 357,500 sh (unchged)
Louis Moore Bacon 700,000 sh (unchged)
Louis Moore Bacon 200,000 sh (unchged)
Larry Robbins Sold Out
John Keeley 276,310 sh (-1.05%)
First Pacific Advisors 2,351,200 sh (-9.22%)
Steven Romick 2,143,800 sh (-9.35%)
Pioneer Investments 603,480 sh (-24.96%)
Steven Cohen 14,297 sh (-93.23%)
» More
Q4 2013

CIT Guru Trades in Q4 2013

Joel Greenblatt 7,009 sh (New)
Julian Robertson 256,200 sh (New)
Chuck Royce 13,500 sh (New)
Steven Cohen 18,737 sh (+31.06%)
James Barrow 5,119,437 sh (+22.47%)
John Keeley 284,450 sh (+2.95%)
Jim Simons 997,900 sh (+1.5%)
First Pacific Advisors 2,356,500 sh (+0.23%)
Michael Price 357,500 sh (unchged)
Louis Moore Bacon 550,000 sh (unchged)
Steven Romick 2,143,800 sh (unchged)
Ray Dalio Sold Out
Pioneer Investments 596,232 sh (-1.2%)
Louis Moore Bacon 555,000 sh (-20.71%)
» More
Q1 2014

CIT Guru Trades in Q1 2014

Steven Romick 2,505,300 sh (+16.86%)
» More
» Details

Insider Trades

Latest Guru Trades with CIT

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Julian Robertson 2013-12-31 New Buy4.1%$47.21 - $51.64 $ 46.66-6%256200
James Barrow 2013-12-31 Add 22.47%0.07%$47.21 - $51.64 $ 46.66-6%5119437
Joel Greenblatt 2013-12-31 New Buy0.01%$47.21 - $51.64 $ 46.66-6%7009
Ray Dalio 2013-12-31 Sold Out 0.01%$47.21 - $51.64 $ 46.66-6%0
James Barrow 2013-09-30 Add 131.9%0.19%$46.84 - $51.33 $ 46.66-5%4180262
Ray Dalio 2013-09-30 Add 115.71%$46.84 - $51.33 $ 46.66-5%15100
James Barrow 2013-06-30 New Buy0.14%$40.88 - $47.56 $ 46.666%1802646
Ray Dalio 2013-06-30 New Buy$40.88 - $47.56 $ 46.666%7000
Bruce Berkowitz 2013-03-31 Sold Out 1.8%$38.64 - $44.72 $ 46.6611%0
Bruce Berkowitz 2012-12-31 Reduce -71.1%4.48%$36.12 - $40.81 $ 46.6622%3223229
Michael Price 2012-12-31 Add 24.35%0.39%$36.12 - $40.81 $ 46.6622%357500
Bruce Berkowitz 2012-09-30 Reduce -20.65%1.51%$34.3 - $41.37 $ 46.6625%11153729
Edward Lampert 2012-09-30 Sold Out 0.41%$34.3 - $41.37 $ 46.6625%0
Bruce Berkowitz 2012-06-30 Reduce -24.12%2.36%$32.79 - $41.4 $ 46.6628%14055629
Edward Lampert 2012-03-31 Reduce -87.12%2.7%$34.84 - $43.19 $ 46.6678%661495
Michael Price 2011-12-31 Add 9.52%0.14%$29.12 - $36.6 $ 46.6639%287500
Daniel Loeb 2011-09-30 Sold Out 4.9212%$30.55 - $44.17 $ 46.6630%0
Michael Price 2011-09-30 Add 45.83%0.45%$30.55 - $44.17 $ 46.6630%262500
Edward Lampert 2011-09-30 Add 7.52%0.13%$30.55 - $44.17 $ 46.6630%5773465
Daniel Loeb 2011-06-30 Add 93.55%2.38%$39.6 - $44.33 $ 46.6610%3000000
Michael Price 2011-06-30 Add 429.41%0.94%$39.6 - $44.33 $ 46.6610%180000
Edward Lampert 2011-06-30 Add 29.51%0.53%$39.6 - $44.33 $ 46.6610%5369785
John Paulson 2011-06-30 Sold Out 0.16%$39.6 - $44.33 $ 46.6610%0
George Soros 2011-06-30 Sold Out $39.6 - $44.33 $ 46.6610%0
John Griffin 2011-03-31 Sold Out 2.76%$41.82 - $49.01 $ 46.663%0
John Paulson 2011-03-31 Reduce -60.98%0.25%$41.82 - $49.01 $ 46.663%1303627
Edward Lampert 2011-03-31 Add 16.38%0.23%$41.82 - $49.01 $ 46.663%4146238
Michael Price 2011-03-31 New Buy0.21%$41.82 - $49.01 $ 46.663%34000
George Soros 2011-03-31 Reduce -68.42%0.02%$41.82 - $49.01 $ 46.663%15600
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on CIT Group Inc

John Keeley Comments on CIT Corporation (CIT) - Jun 01, 2012

From Keeley Funds' first-quarter commentary:

Although idea generation here has been limited, we expect acceleration in this area in the future, and as mentioned previously, over the last few years we have identified a few attractive ideas, such as CIT Corporation (CIT) and Chemtura. We believe both companies have strong long-term outlooks. After CIT emerged from bankruptcy, it transitioned from a specialty finance company funded in the capital markets to a bank funded with deposits. While we anticipate that the asset side of the company will always be a bit different than most banks, we believe the liability side of the balance sheet should be more stable and fund the company at a lower cost. Assuming this transition is successful, we believe CIT should garner a much higher valuation and potentially higher than the 1.3-1.6x book value it traded at in the past. The stock has been a successful holding in our Mid Cap Value Fund, and we continue to believe the company has substantial upside from current levels.
Check out John Keeley latest stock trades

Top Ranked Articles about CIT Group Inc

Bruce Berkowitz Pulls Plug on CIT - Sold Out 16 Million Shares
“Bullish on America” investor phenom Bruce Berkowitz once said, "I don’t invest in things I can’t understand.” Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 13.90
CIT's P/E(ttm) is ranked higher than
66% of the 1452 Companies
in the Global Specialty Finance industry.

( Industry Median: 13.70 vs. CIT: 13.90 )
CIT' s 10-Year P/E(ttm) Range
Min: 4.19   Max: 548.57
Current: 13.9

4.19
548.57
P/B 1.10
CIT's P/B is ranked higher than
68% of the 1477 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. CIT: 1.10 )
CIT' s 10-Year P/B Range
Min: 0.65   Max: 1.19
Current: 1.1

0.65
1.19
P/S 3.90
CIT's P/S is ranked lower than
62% of the 1640 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.88 vs. CIT: 3.90 )
CIT' s 10-Year P/S Range
Min: 2.42   Max: 10.91
Current: 3.9

2.42
10.91
EV-to-EBIT 40.00
CIT's EV-to-EBIT is ranked lower than
67% of the 1410 Companies
in the Global Specialty Finance industry.

( Industry Median: 15.82 vs. CIT: 40.00 )
CIT' s 10-Year EV-to-EBIT Range
Min: 29.1   Max: 232.4
Current: 40

29.1
232.4
PEG 1.50
CIT's PEG is ranked higher than
57% of the 849 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.02 vs. CIT: 1.50 )
CIT' s 10-Year PEG Range
Min: 1.5   Max: 145.9
Current: 1.5

1.5
145.9

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.40
CIT's Dividend Yield is ranked lower than
92% of the 1315 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.40 vs. CIT: 0.40 )
CIT' s 10-Year Dividend Yield Range
Min: 0.19   Max: 0.22
Current: 0.4

0.19
0.22
Dividend Payout 0.03
CIT's Dividend Payout is ranked higher than
99% of the 1131 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.32 vs. CIT: 0.03 )
CIT' s 10-Year Dividend Payout Range
Min: 0.03   Max: 0.03
Current: 0.03

Yield on cost (5-Year) 0.40
CIT's Yield on cost (5-Year) is ranked lower than
88% of the 1328 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.62 vs. CIT: 0.40 )
CIT' s 10-Year Yield on cost (5-Year) Range
Min: 0.19   Max: 0.22
Current: 0.4

0.19
0.22
Share Buyback Rate -0.20
CIT's Share Buyback Rate is ranked higher than
85% of the 1172 Companies
in the Global Specialty Finance industry.

( Industry Median: -2.60 vs. CIT: -0.20 )
CIT' s 10-Year Share Buyback Rate Range
Min: 20.5   Max: -25.3
Current: -0.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.10
CIT's Price/Tangible Book is ranked higher than
73% of the 1362 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.24 vs. CIT: 1.10 )
CIT' s 10-Year Price/Tangible Book Range
Min: 0.7   Max: 1.23
Current: 1.1

0.7
1.23
Price/Median PS Value 0.94
CIT's Price/Median PS Value is ranked higher than
76% of the 1478 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.00 vs. CIT: 0.94 )
CIT' s 10-Year Price/Median PS Value Range
Min: 0.69   Max: 1.98
Current: 0.94

0.69
1.98
Price/Graham Number 0.81
CIT's Price/Graham Number is ranked higher than
69% of the 1341 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.90 vs. CIT: 0.81 )
CIT' s 10-Year Price/Graham Number Range
Min: 0.91   Max: 3.6
Current: 0.81

0.91
3.6
Earnings Yield (Greenblatt) 2.50
CIT's Earnings Yield (Greenblatt) is ranked lower than
58% of the 1411 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.40 vs. CIT: 2.50 )
CIT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 3.4
Current: 2.5

0.4
3.4
Forward Rate of Return (Yacktman) -8.52
CIT's Forward Rate of Return (Yacktman) is ranked lower than
52% of the 1095 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.48 vs. CIT: -8.52 )
CIT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -10.7   Max: 8
Current: -8.52

-10.7
8

Business Description

Industry: Banks » Specialty Finance
Compare: » details
Traded in other countries:QIT1.Germany
CIT Group Inc. was founded in 1908. It is incorporated in the state of Delaware. The Company provides commercial financing and leasing products and other services to small and middle market businesses across a variety of industries. It operates in North America, with locations in Europe, Latin America and the Asia-Pacific region. It provides financing and leasing capital to its clients and customers in over 30 industries and around 20 countries. The Company serves clients in a variety of industries including transportation, particularly aerospace and rail, manufacturing, retailing, healthcare, communications, media and entertainment, energy, and various service-related industries. It has five business segments: Corporate Finance: Corporate Finance provides a full spectrum of financing alternatives to borrowers, small business and middle market businesses and corporate finance consists of units that focus on specific industry sectors, such as commercial and industrial, communications, media and entertainment (CM&E), healthcare, small business lending, and energy.; Transportation Finance: Transportation Finance specializes in providing customized leasing and secured financing mainly to end-users of aircraft and railcars; Trade Finance: Trade Finance provides factoring, receivable and collection management products, and secured financing to clients, mainly manufacturers, importers and distributors of apparel, textile, furniture, home furnishings and consumer electronics. Although mainly U.S.-based, it also conducts business in Asia, Latin America and Europe. It offers a full range of domestic and international customized credit protection, lending and outsourcing services that include working capital and term loans, factoring, receivable management outsourcing, bulk purchases of accounts receivable, import and export financing and letter of credit programs; Vendor Finance: Vendor Finance partners with manufacturers and distributors to deliver financial solutions globally to end-user customers to facilitate the acquisition of vendor partners' products. The Company focus mainly on information technology, telecommunications and office equipment markets, but it also serve other diversified industries; Consumer Finance: Consumer segment includes student loan portfolio, currently in run-off, and receivables from other consumer lending activities that were originated by CIT Bank. These receivables are collected in accordance with their contractual terms. Its competitors include captive finance companies, global and domestic commercial and investment banks, community banks and leasing companies. Many of larger competitors compete globally. Major of the business segments, have a few large competitors with significant penetration and many smaller niche ones. CIT Group Inc.'s principal regulator is the Federal Reserve and CIT Bank's principal regulators are the FDIC and the UDFI. The company generates its revenue from Northeastern regions of A

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