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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 : 7/10

vs
industry
vs
history
Cash to Debt 0.38
CIT's Cash to Debt is ranked lower than
69% of the 1088 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.69 vs. CIT: 0.38 )
Ranked among companies with meaningful Cash to Debt only.
CIT' s Cash to Debt Range Over the Past 10 Years
Min: 0.04  Med: 0.13 Max: N/A
Current: 0.38
Equity to Asset 0.16
CIT's Equity to Asset is ranked higher than
85% of the 1578 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. CIT: 0.16 )
Ranked among companies with meaningful Equity to Asset only.
CIT' s Equity to Asset Range Over the Past 10 Years
Min: 0.07  Med: 0.12 Max: 0.2
Current: 0.16
0.07
0.2
Interest Coverage 0.60
CIT's Interest Coverage is ranked lower than
79% of the 1429 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.82 vs. CIT: 0.60 )
Ranked among companies with meaningful Interest Coverage only.
CIT' s Interest Coverage Range Over the Past 10 Years
Min: 0.06  Med: 0.56 Max: 0.74
Current: 0.6
0.06
0.74
F-Score: 7
WACC vs ROIC
8.61%
5.62%
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 : 8/10

vs
industry
vs
history
Operating margin (%) 24.73
CIT's Operating margin (%) is ranked lower than
74% of the 1590 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.86 vs. CIT: 24.73 )
Ranked among companies with meaningful Operating margin (%) only.
CIT' s Operating margin (%) Range Over the Past 10 Years
Min: -309.57  Med: 16.16 Max: 37.87
Current: 24.73
-309.57
37.87
Net-margin (%) 43.58
CIT's Net-margin (%) is ranked higher than
84% of the 1593 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.37 vs. CIT: 43.58 )
Ranked among companies with meaningful Net-margin (%) only.
CIT' s Net-margin (%) Range Over the Past 10 Years
Min: -94.6  Med: 14.90 Max: 44.51
Current: 43.58
-94.6
44.51
ROE (%) 12.52
CIT's ROE (%) is ranked higher than
70% of the 1589 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.01 vs. CIT: 12.52 )
Ranked among companies with meaningful ROE (%) only.
CIT' s ROE (%) Range Over the Past 10 Years
Min: -37.97  Med: 3.11 Max: 14.39
Current: 12.52
-37.97
14.39
ROA (%) 2.28
CIT's ROA (%) is ranked higher than
87% of the 1598 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.86 vs. CIT: 2.28 )
Ranked among companies with meaningful ROA (%) only.
CIT' s ROA (%) Range Over the Past 10 Years
Min: -3.27  Med: 0.60 Max: 2.38
Current: 2.28
-3.27
2.38
Revenue Growth (3Y)(%) 9.40
CIT's Revenue Growth (3Y)(%) is ranked higher than
75% of the 1284 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.10 vs. CIT: 9.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CIT' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -45  Med: -2.15 Max: 23.1
Current: 9.4
-45
23.1
EBITDA Growth (3Y)(%) 21.20
CIT's EBITDA Growth (3Y)(%) is ranked higher than
82% of the 1167 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. CIT: 21.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CIT' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -51.3  Med: 7.20 Max: 53.5
Current: 21.2
-51.3
53.5
EPS Growth (3Y)(%) 325.20
CIT's EPS Growth (3Y)(%) is ranked higher than
100% of the 1165 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.60 vs. CIT: 325.20 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
CIT' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -12.7  Med: 15.15 Max: 543.9
Current: 325.2
-12.7
543.9
» CIT's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2015

CIT Guru Trades in Q1 2015

Richard Snow 35,000 sh (New)
Joel Greenblatt 4,866 sh (New)
Paul Tudor Jones 25,810 sh (+69.99%)
HOTCHKIS & WILEY 1,585,571 sh (+57.10%)
First Pacific Advisors 3,532,600 sh (+23.97%)
Steven Romick 3,312,900 sh (+22.80%)
Ray Dalio 6,800 sh (+15.25%)
Chuck Royce 22,400 sh (+14.87%)
NWQ Managers 2,486,228 sh (+12.60%)
John Keeley 274,496 sh (+1.43%)
Michael Price 455,000 sh (unchged)
Pioneer Investments Sold Out
Jim Simons 90,200 sh (-85.57%)
James Barrow 416,508 sh (-94.82%)
» More
Q2 2015

CIT Guru Trades in Q2 2015

Lee Ainslie 1,016,015 sh (New)
Caxton Associates 23,850 sh (New)
Joel Greenblatt 5,496 sh (+12.95%)
First Pacific Advisors 3,868,700 sh (+9.51%)
Steven Romick 3,585,000 sh (+8.21%)
HOTCHKIS & WILEY 1,694,971 sh (+6.90%)
NWQ Managers 2,578,209 sh (+3.70%)
Chuck Royce 22,400 sh (unchged)
Michael Price 455,000 sh (unchged)
Ray Dalio Sold Out
Richard Snow Sold Out
Jim Simons Sold Out
John Keeley 269,016 sh (-2.00%)
Paul Tudor Jones 9,448 sh (-63.39%)
James Barrow 15,908 sh (-96.18%)
» More
Q3 2015

CIT Guru Trades in Q3 2015

George Soros 2,801,256 sh (New)
Ray Dalio 16,300 sh (New)
John Paulson 7,007,346 sh (New)
Lee Ainslie 4,524,236 sh (+345.29%)
First Pacific Advisors 5,320,100 sh (+37.52%)
Steven Romick 4,854,210 sh (+35.40%)
Paul Tudor Jones 9,800 sh (+3.73%)
Michael Price 455,000 sh (unchged)
Chuck Royce 22,400 sh (unchged)
James Barrow Sold Out
Caxton Associates Sold Out
Joel Greenblatt Sold Out
NWQ Managers 2,481,485 sh (-3.75%)
HOTCHKIS & WILEY 1,577,371 sh (-6.94%)
John Keeley 239,921 sh (-10.82%)
» More
Q4 2015

CIT Guru Trades in Q4 2015

Steven Romick 5,310,100 sh (+9.39%)
» 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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Guru Investment Theses on CIT Group Inc

KEELEY Mid Cap Dividend Value Fund Comments on CIT Group Inc - Jul 30, 2014

Although the Fund did not have any one company have a major impact on results during the quarter, CIT Group Inc. (CIT) was the top detractor after falling over 6 percent and costing the Fund 10 basis points in performance. Shares of the mid-market financing and leasing company dropped in late April after announcing earnings that were below expectations. The earnings miss was primarily due to lower interest income and a rise in provisions for credit losses. We continue to believe the company is well positioned in the current environment and their access to low-cost debt should foster future growth.

From John Keeley (Trades, Portfolio)’s KEELEY Mid Cap Dividend Value Fund Second Quarter 2014 Commentary.

Check out John Keeley latest stock trades

Top Ranked Articles about CIT Group Inc

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Ratios

vs
industry
vs
history
P/E(ttm) 4.30
CIT's P/E(ttm) is ranked higher than
93% of the 2164 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.39 vs. CIT: 4.30 )
Ranked among companies with meaningful P/E(ttm) only.
CIT' s P/E(ttm) Range Over the Past 10 Years
Min: 3.77  Med: 13.60 Max: 595
Current: 4.3
3.77
595
Forward P/E 6.47
CIT's Forward P/E is ranked higher than
82% of the 1322 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9.27 vs. CIT: 6.47 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 4.30
CIT's PE(NRI) is ranked higher than
93% of the 1679 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.31 vs. CIT: 4.30 )
Ranked among companies with meaningful PE(NRI) only.
CIT' s PE(NRI) Range Over the Past 10 Years
Min: 3.77  Med: 14.73 Max: 520.63
Current: 4.3
3.77
520.63
P/B 0.50
CIT's P/B is ranked higher than
81% of the 2247 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.01 vs. CIT: 0.50 )
Ranked among companies with meaningful P/B only.
CIT' s P/B Range Over the Past 10 Years
Min: 0.5  Med: 0.93 Max: 1.19
Current: 0.5
0.5
1.19
P/S 1.82
CIT's P/S is ranked higher than
71% of the 2511 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.55 vs. CIT: 1.82 )
Ranked among companies with meaningful P/S only.
CIT' s P/S Range Over the Past 10 Years
Min: 1.81  Med: 3.69 Max: 10.75
Current: 1.82
1.81
10.75
POCF 4.00
CIT's POCF is ranked higher than
67% of the 1518 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.30 vs. CIT: 4.00 )
Ranked among companies with meaningful POCF only.
CIT' s POCF Range Over the Past 10 Years
Min: 4  Med: 8.67 Max: 16.78
Current: 4
4
16.78
EV-to-EBIT 26.47
CIT's EV-to-EBIT is ranked lower than
82% of the 2121 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.36 vs. CIT: 26.47 )
Ranked among companies with meaningful EV-to-EBIT only.
CIT' s EV-to-EBIT Range Over the Past 10 Years
Min: -84.1  Med: 29.30 Max: 232.2
Current: 26.47
-84.1
232.2
EV-to-EBITDA 13.30
CIT's EV-to-EBITDA is ranked lower than
61% of the 2129 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.08 vs. CIT: 13.30 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -146.5  Med: 15.30 Max: 50.4
Current: 13.3
-146.5
50.4
Shiller P/E 29.04
CIT's Shiller P/E is ranked lower than
85% of the 681 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.38 vs. CIT: 29.04 )
Ranked among companies with meaningful Shiller P/E only.
CIT' s Shiller P/E Range Over the Past 10 Years
Min: 33.43  Med: 79.85 Max: 101.12
Current: 29.04
33.43
101.12

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.24
CIT's Dividend Yield is ranked lower than
67% of the 2412 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.03 vs. CIT: 2.24 )
Ranked among companies with meaningful Dividend Yield only.
CIT' s Dividend Yield Range Over the Past 10 Years
Min: 0.19  Med: 1.08 Max: 2.24
Current: 2.24
0.19
2.24
Dividend Payout 0.09
CIT's Dividend Payout is ranked higher than
93% of the 1441 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.34 vs. CIT: 0.09 )
Ranked among companies with meaningful Dividend Payout only.
CIT' s Dividend Payout Range Over the Past 10 Years
Min: 0.04  Med: 0.13 Max: 0.25
Current: 0.09
0.04
0.25
Forward Dividend Yield 2.24
CIT's Forward Dividend Yield is ranked lower than
71% of the 2191 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.26 vs. CIT: 2.24 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 2.24
CIT's Yield on cost (5-Year) is ranked lower than
69% of the 2446 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.42 vs. CIT: 2.24 )
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: 1.08 Max: 2.25
Current: 2.24
0.19
2.25
3-Year Average Share Buyback Ratio 1.90
CIT's 3-Year Average Share Buyback Ratio is ranked higher than
91% of the 1061 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.70 vs. CIT: 1.90 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
CIT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -25.3  Med: 0.85 Max: 20.5
Current: 1.9
-25.3
20.5

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.57
CIT's Price/Tangible Book is ranked higher than
81% of the 2191 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.08 vs. CIT: 0.57 )
Ranked among companies with meaningful Price/Tangible Book only.
CIT' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.7  Med: 1.00 Max: 1.21
Current: 0.57
0.7
1.21
Price/Median PS Value 0.49
CIT's Price/Median PS Value is ranked higher than
93% of the 2108 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.94 vs. CIT: 0.49 )
Ranked among companies with meaningful Price/Median PS Value only.
CIT' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.72  Med: 0.97 Max: 2.3
Current: 0.49
0.72
2.3
Price/Peter Lynch Fair Value 0.17
CIT's Price/Peter Lynch Fair Value is ranked higher than
96% of the 635 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.24 vs. CIT: 0.17 )
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: 1.06 Max: 5.47
Current: 0.17
0.26
5.47
Price/Graham Number 0.33
CIT's Price/Graham Number is ranked higher than
91% of the 2062 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.80 vs. CIT: 0.33 )
Ranked among companies with meaningful Price/Graham Number only.
CIT' s Price/Graham Number Range Over the Past 10 Years
Min: 0.41  Med: 0.91 Max: 4
Current: 0.33
0.41
4
Earnings Yield (Greenblatt) (%) 3.80
CIT's Earnings Yield (Greenblatt) (%) is ranked lower than
73% of the 1519 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. CIT: 3.80 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CIT' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.4  Med: 2.80 Max: 3.9
Current: 3.8
0.4
3.9
Forward Rate of Return (Yacktman) (%) 7.82
CIT's Forward Rate of Return (Yacktman) (%) is ranked lower than
67% of the 869 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.65 vs. CIT: 7.82 )
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: -12.50 Max: 20.4
Current: 7.82
-19.9
20.4

More Statistics

Revenue(Mil) $2781
EPS $ 5.58
Beta1.52
Short Percentage of Float4.81%
52-Week Range $26.08 - 49.27
Shares Outstanding(Mil)200.97

Analyst Estimate

Dec16 Dec17
Revenue(Mil) 2,561 2,753
EPS($) 3.60 4.13
EPS without NRI($) 3.60 4.13

Latest Earnings Webcast

» More Conference Calls

Business Description

Industry: Banks » Banks - Regional - US
Compare: » details
Traded in other countries:QIT1.Germany,
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 worldwide. 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, Transportation & International Finance, and North American Commercial Finance. The Transportation & International Finance segment includes the following divisions, Aerospace, 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 North American Commercial Finance segment includes the following divisions, Commercial Services, Corporate Finance, Equipment Finance, and Real Estate Finance. 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, Europe, 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.
» More Articles for CIT

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Why Analysts Are Giving Up on CIT Group and Ally Feb 06 2016
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CIT Group Fell 7% on Dismal Q4 Earnings; Revenues Up Y/Y Feb 03 2016
Citi Downgrades CIT Group Amid 'Weak Core Business' Feb 03 2016
CIT Group downgraded by Citigroup Feb 03 2016
CIT Group tops Street 4th-quarter forecasts Feb 02 2016
CIT Group tops Street 4th-quarter forecasts Feb 02 2016
[$$] CIT Disappoints With Earnings, Overhaul Plan Feb 02 2016
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CIT Group Falls After Posting 42% Drop in Fourth-Quarter Profit Feb 02 2016
CIT Group Gets Stung by Currency Headwinds Feb 02 2016
CIT Viewed Cautiously After Earnings Feb 02 2016
Edited Transcript of CIT earnings conference call or presentation 2-Feb-16 1:00pm GMT Feb 02 2016
CIT GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD... Feb 02 2016
Q4 2015 CIT Group Inc Earnings Release - Before Market Open Feb 02 2016
CIT Reports Fourth Quarter 2015 Net Income of $144 Million ($0.72 Per Diluted Share); Full Year Net... Feb 02 2016
Activist hedge fund wants lender CIT Group to break up - WSJ Feb 01 2016
CIT GROUP INC Files SEC form 8-K, Other Events Jan 20 2016

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