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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 : 6/10

vs
industry
vs
history
Cash to Debt 0.41
CIT's Cash to Debt is ranked lower than
75% of the 1134 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.18 vs. CIT: 0.41 )
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: 0.41
Equity to Asset 0.17
CIT's Equity to Asset is ranked higher than
88% of the 1602 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. CIT: 0.17 )
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: 0.17
0.07
0.2
Interest Coverage 0.57
CIT's Interest Coverage is ranked lower than
77% of the 1585 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.62 vs. CIT: 0.57 )
Ranked among companies with meaningful Interest Coverage only.
CIT' s Interest Coverage Range Over the Past 10 Years
Min: 0.06  Med: 0.51 Max: 0.69
Current: 0.57
0.06
0.69
F-Score: 6
M-Score: -2.44
WACC vs ROIC
10.82%
5.29%
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 : 7/10

vs
industry
vs
history
Operating margin (%) 20.90
CIT's Operating margin (%) is ranked lower than
73% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.11 vs. CIT: 20.90 )
Ranked among companies with meaningful Operating margin (%) only.
CIT' s Operating margin (%) Range Over the Past 10 Years
Min: -309.57  Med: 14.74 Max: 34.78
Current: 20.9
-309.57
34.78
Net-margin (%) 36.18
CIT's Net-margin (%) is ranked higher than
80% of the 1620 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.40 vs. CIT: 36.18 )
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: 36.18
-94.6
44.51
ROE (%) 10.90
CIT's ROE (%) is ranked higher than
68% of the 1615 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.20 vs. CIT: 10.90 )
Ranked among companies with meaningful ROE (%) only.
CIT' s ROE (%) Range Over the Past 10 Years
Min: -37.97  Med: 3.11 Max: 13.81
Current: 10.9
-37.97
13.81
ROA (%) 1.86
CIT's ROA (%) is ranked higher than
83% of the 1625 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. CIT: 1.86 )
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: 1.86
-3.27
2.38
Revenue Growth (3Y)(%) 34.10
CIT's Revenue Growth (3Y)(%) is ranked higher than
96% of the 1336 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.80 vs. CIT: 34.10 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CIT' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -45  Med: -0.70 Max: 34.1
Current: 34.1
-45
34.1
EBITDA Growth (3Y)(%) -5.40
CIT's EBITDA Growth (3Y)(%) is ranked lower than
78% of the 1226 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.80 vs. CIT: -5.40 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CIT' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -51.9  Med: 5.40 Max: 53.5
Current: -5.4
-51.9
53.5
» CIT's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-28)


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

» Details

Guru Trades

Q3 2015

CIT Guru Trades in Q3 2015

John Paulson 7,007,346 sh (New)
Ray Dalio 16,300 sh (New)
George Soros 2,801,256 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%)
Chuck Royce 22,400 sh (unchged)
Michael Price 455,000 sh (unchged)
Caxton Associates Sold Out
Joel Greenblatt Sold Out
Barrow, Hanley, Mewhinney & Strauss 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

Louis Moore Bacon 775,000 sh (New)
Paul Tudor Jones 18,269 sh (+86.42%)
NWQ Managers 4,109,250 sh (+65.60%)
John Keeley 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%)
Ray Dalio Sold Out
Chuck Royce 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

Steven Cohen 526,200 sh (New)
Ray Dalio 48,000 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%)
George Soros 1,400,628 sh (unchged)
John Paulson 3,507,300 sh (unchged)
NWQ Managers 104,300 sh (unchged)
First Pacific Advisors 64,000 sh (unchged)
Louis Moore Bacon Sold Out
John Keeley 253,467 sh (-15.06%)
Lee Ainslie 812,240 sh (-81.51%)
» More
Q2 2016

CIT Guru Trades in Q2 2016

Steven Romick 11,811,262 sh (+4.87%)
» More
» Details

Insider Trades

Latest Guru Trades with CIT

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Business Description

Industry: Banks » Banks - Regional - US
Compare:NAS:HBAN, NAS:SBNY, NYSE:CMA, NAS:ZION, NAS:SIVB, NAS:TFSL, NAS:PACW, NAS:CBSH, NAS:BOKF, NYSE:CFR, NYSE:KEY, NYSE:SNV, NYSE:PB, NAS:FNFG, NYSE:WAL, NAS:PVTB, NAS:FMER, NYSE:FHN, NAS:OZRK, NAS:UMPQ » 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) 6.06
CIT's P/E(ttm) is ranked higher than
85% of the 1682 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.67 vs. CIT: 6.06 )
Ranked among companies with meaningful P/E(ttm) only.
CIT' s P/E(ttm) Range Over the Past 10 Years
Min: 3.77  Med: 13.04 Max: 595
Current: 6.06
3.77
595
Forward P/E 10.60
CIT's Forward P/E is ranked higher than
66% of the 443 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.61 vs. CIT: 10.60 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 5.98
CIT's PE(NRI) is ranked higher than
87% of the 1537 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.86 vs. CIT: 5.98 )
Ranked among companies with meaningful PE(NRI) only.
CIT' s PE(NRI) Range Over the Past 10 Years
Min: 3.77  Med: 14.01 Max: 595
Current: 5.98
3.77
595
P/B 0.63
CIT's P/B is ranked higher than
77% of the 1759 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.04 vs. CIT: 0.63 )
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: 0.63
0.49
1.19
P/S 2.13
CIT's P/S is ranked higher than
65% of the 1761 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.94 vs. CIT: 2.13 )
Ranked among companies with meaningful P/S only.
CIT' s P/S Range Over the Past 10 Years
Min: 1.75  Med: 3.62 Max: 10.77
Current: 2.13
1.75
10.77
POCF 4.13
CIT's POCF is ranked higher than
69% of the 1025 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.89 vs. CIT: 4.13 )
Ranked among companies with meaningful POCF only.
CIT' s POCF Range Over the Past 10 Years
Min: 3.61  Med: 8.44 Max: 16.75
Current: 4.13
3.61
16.75
EV-to-EBIT 27.75
CIT's EV-to-EBIT is ranked lower than
84% of the 1650 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.90 vs. CIT: 27.75 )
Ranked among companies with meaningful EV-to-EBIT only.
CIT' s EV-to-EBIT Range Over the Past 10 Years
Min: -84.1  Med: 29.60 Max: 232.2
Current: 27.75
-84.1
232.2
EV-to-EBITDA 13.52
CIT's EV-to-EBITDA is ranked lower than
59% of the 1649 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.75 vs. CIT: 13.52 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -146.6  Med: 15.20 Max: 50.4
Current: 13.52
-146.6
50.4
PEG 1.15
CIT's PEG is ranked lower than
51% of the 731 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. CIT: 1.15 )
Ranked among companies with meaningful PEG only.
CIT' s PEG Range Over the Past 10 Years
Min: 0.22  Med: 0.36 Max: 0.55
Current: 1.15
0.22
0.55
Shiller P/E 43.24
CIT's Shiller P/E is ranked lower than
91% of the 491 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 17.16 vs. CIT: 43.24 )
Ranked among companies with meaningful Shiller P/E only.
CIT' s Shiller P/E Range Over the Past 10 Years
Min: 9.07  Med: 61.23 Max: 81.23
Current: 43.24
9.07
81.23

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.75
CIT's Dividend Yield is ranked lower than
76% of the 2235 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.98 vs. CIT: 1.75 )
Ranked among companies with meaningful Dividend Yield only.
CIT' s Dividend Yield Range Over the Past 10 Years
Min: 0.19  Med: 1.19 Max: 2.26
Current: 1.75
0.19
2.26
Dividend Payout 0.10
CIT's Dividend Payout is ranked higher than
93% of the 1294 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.33 vs. CIT: 0.10 )
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: 0.1
0.04
0.25
Forward Dividend Yield 1.74
CIT's Forward Dividend Yield is ranked lower than
81% of the 2109 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.21 vs. CIT: 1.74 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 1.75
CIT's Yield on cost (5-Year) is ranked lower than
78% of the 2505 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.58 vs. CIT: 1.75 )
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: 1.19 Max: 2.26
Current: 1.75
0.19
2.26

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.71
CIT's Price/Tangible Book is ranked higher than
74% of the 1747 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.12 vs. CIT: 0.71 )
Ranked among companies with meaningful Price/Tangible Book only.
CIT' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.64  Med: 0.99 Max: 1.21
Current: 0.71
0.64
1.21
Price/Median PS Value 0.59
CIT's Price/Median PS Value is ranked higher than
92% of the 1684 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.01 vs. CIT: 0.59 )
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: 0.99 Max: 2.34
Current: 0.59
0.53
2.34
Price/Peter Lynch Fair Value 0.54
CIT's Price/Peter Lynch Fair Value is ranked higher than
76% of the 434 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. CIT: 0.54 )
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: 0.49 Max: 5.47
Current: 0.54
0.26
5.47
Price/Graham Number 0.44
CIT's Price/Graham Number is ranked higher than
83% of the 1552 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.84 vs. CIT: 0.44 )
Ranked among companies with meaningful Price/Graham Number only.
CIT' s Price/Graham Number Range Over the Past 10 Years
Min: 0.39  Med: 0.81 Max: 4.27
Current: 0.44
0.39
4.27
Earnings Yield (Greenblatt) (%) 3.62
CIT's Earnings Yield (Greenblatt) (%) is ranked lower than
77% of the 1803 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. CIT: 3.62 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CIT' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.4  Med: 3.10 Max: 3.9
Current: 3.62
0.4
3.9
Forward Rate of Return (Yacktman) (%) -7.03
CIT's Forward Rate of Return (Yacktman) (%) is ranked lower than
85% of the 844 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.22 vs. CIT: -7.03 )
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: -12.20 Max: 20.4
Current: -7.03
-19.9
20.4

More Statistics

Revenue (TTM) (Mil) $3,040
EPS (TTM) $ 5.64
Beta1.44
Short Percentage of Float4.04%
52-Week Range $25.19 - 47.74
Shares Outstanding (Mil)201.71

Analyst Estimate

Dec16 Dec17
Revenue (Mil $) 2,553 2,624
EPS ($) 3.27 3.87
EPS w/o NRI ($) 3.27 3.87
EPS Growth Rate
(3Y to 5Y Estimate)
5.00%
Dividends Per Share ($) 0.60 0.60
» More Articles for NYSE:CIT

Headlines

Articles On GuruFocus.com
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 
The Largest Stock Positions George Soros Started During Quarter Nov 17 2015 
Five Stocks With Low P/E Gurus Are Buying (Part I) Jun 25 2015 
Steven Romick Buys 1 New Stock in First Quarter, Adds to 10 More Apr 16 2015 

More From Other Websites
CIT Pioneers Pay Link to 'Tone At The Top' for CEO Jul 26 2016
CIT GROUP INC Files SEC form 8-K, Other Events Jul 19 2016
CIT Declares Quarterly Dividend Jul 19 2016
Call buyers bank on gains in CIT Group Jul 19 2016
5 Trade Ideas for Monday: Agrium, AIG, CIT, Eaton and Williams Jul 17 2016
CIT to Announce Second Quarter 2016 Financial Results on Thursday, July 28th Jul 15 2016
CIT to Announce Second Quarter 2016 Financial Results on Thursday, July 28th Jul 15 2016
CIT Provides $34 Million of Senior Secured Credit Facilities to The Sun Valley Group Jul 14 2016
CIT Provides $34 Million of Senior Secured Credit Facilities to The Sun Valley Group Jul 14 2016
CINTAS CORPORATION ANNOUNCES WEBCAST FOR FOURTH QUARTER FISCAL YEAR 2016 RESULTS Jul 12 2016
CIT Provides $40.2 Million Financing to BKM Capital Partners to Support the Acquisition of Tempe... Jul 12 2016
CIT Provides $40.2 Million Financing to BKM Capital Partners to Support the Acquisition of Tempe... Jul 12 2016
Steven Romick Made 4 New Buys and Increased 2 Positions in 2nd Quarter Jul 11 2016
CIT GROUP INC Files SEC form 8-K, Change in Directors or Principal Officers Jul 11 2016
CIT Group, Inc. breached its 50 day moving average in a Bullish Manner : CIT-US : July 11, 2016 Jul 11 2016
South Africa's Eskom says secures $1.4 billion in loan facilities from AfDB Jul 07 2016
South Africa's Eskom says secures $1.4 billion in loan facilities from AfDB Jul 07 2016
Retailers Invest in E-Commerce in Response to Changes in Consumer Behavior Jul 07 2016
HNA, Li Ka-shing firm short-listed for CIT plane leasing unit sale: sources Jul 07 2016
HNA, Li Ka-shing firm short-listed for CIT plane leasing unit sale -sources Jul 07 2016

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