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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 0.40
CIT's Cash to Debt is ranked higher than
64% of the 1369 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.49 vs. CIT: 0.40 )
CIT' s 10-Year Cash to Debt Range
Min: 0.04   Max: No Debt
Current: 0.4

Equity to Asset 0.20
CIT's Equity to Asset is ranked higher than
96% of the 1759 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.09 vs. CIT: 0.20 )
CIT' s 10-Year Equity to Asset Range
Min: 0.07   Max: 0.2
Current: 0.2

0.07
0.2
Interest Coverage 0.68
CIT's Interest Coverage is ranked higher than
59% of the 1628 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.27 vs. CIT: 0.68 )
CIT' s 10-Year Interest Coverage Range
Min: 0.07   Max: 0.98
Current: 0.68

0.07
0.98
F-Score: 7
Z-Score: 0.37
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 (%) 29.15
CIT's Operating margin (%) is ranked higher than
75% of the 1784 Companies
in the Global Specialty Finance industry.

( Industry Median: 29.51 vs. CIT: 29.15 )
CIT' s 10-Year Operating margin (%) Range
Min: -309.57   Max: 37.87
Current: 29.15

-309.57
37.87
Net-margin (%) 28.02
CIT's Net-margin (%) is ranked higher than
86% of the 1784 Companies
in the Global Specialty Finance industry.

( Industry Median: 21.58 vs. CIT: 28.02 )
CIT' s 10-Year Net-margin (%) Range
Min: -174.64   Max: 28.19
Current: 28.02

-174.64
28.19
ROE (%) 7.92
CIT's ROE (%) is ranked higher than
74% of the 1791 Companies
in the Global Specialty Finance industry.

( Industry Median: 8.52 vs. CIT: 7.92 )
CIT' s 10-Year ROE (%) Range
Min: -37.12   Max: 14.58
Current: 7.92

-37.12
14.58
ROA (%) 1.50
CIT's ROA (%) is ranked higher than
93% of the 1791 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.81 vs. CIT: 1.50 )
CIT' s 10-Year ROA (%) Range
Min: -3.28   Max: 1.66
Current: 1.5

-3.28
1.66
ROC (Joel Greenblatt) (%) 5.39
CIT's ROC (Joel Greenblatt) (%) is ranked higher than
53% of the 1765 Companies
in the Global Specialty Finance industry.

( Industry Median: 76.03 vs. CIT: 5.39 )
CIT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -34.75   Max: 13.18
Current: 5.39

-34.75
13.18
Revenue Growth (%) -10.10
CIT's Revenue Growth (%) is ranked higher than
57% of the 1557 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.20 vs. CIT: -10.10 )
CIT' s 10-Year Revenue Growth (%) Range
Min: -45   Max: 18.5
Current: -10.1

-45
18.5
EBITDA Growth (%) 5.20
CIT's EBITDA Growth (%) is ranked higher than
73% of the 1406 Companies
in the Global Specialty Finance industry.

( Industry Median: 6.50 vs. CIT: 5.20 )
CIT' s 10-Year EBITDA Growth (%) Range
Min: -51.9   Max: 54.2
Current: 5.2

-51.9
54.2
EPS Growth (%) 8.70
CIT's EPS Growth (%) is ranked higher than
75% of the 1416 Companies
in the Global Specialty Finance industry.

( Industry Median: 8.90 vs. CIT: 8.70 )
CIT' s 10-Year EPS Growth (%) Range
Min: -12.8   Max: 565.7
Current: 8.7

-12.8
565.7
» CIT's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2013

CIT Guru Trades in Q4 2013

Chuck Royce 13,500 sh (New)
Joel Greenblatt 7,009 sh (New)
Julian Robertson 256,200 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%)
Steven Romick 2,143,800 sh (unchged)
Michael Price 357,500 sh (unchged)
Louis Moore Bacon 550,000 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

Paul Tudor Jones 28,938 sh (New)
Steven Cohen 969,030 sh (+5071.75%)
Chuck Royce 18,200 sh (+34.81%)
Michael Price 455,000 sh (+27.27%)
James Barrow 6,310,273 sh (+23.26%)
Steven Romick 2,505,300 sh (+16.86%)
First Pacific Advisors 2,738,000 sh (+16.19%)
John Keeley 299,576 sh (+5.32%)
Louis Moore Bacon 750,000 sh (unchged)
Joel Greenblatt Sold Out
Julian Robertson Sold Out
Pioneer Investments 390,982 sh (-34.42%)
Jim Simons 487,000 sh (-51.2%)
Louis Moore Bacon 75,000 sh (-86.49%)
» More
Q2 2014

CIT Guru Trades in Q2 2014

HOTCHKIS & WILEY 1,185,040 sh (New)
Caxton Associates 50,000 sh (New)
Louis Moore Bacon 334,400 sh (+345.87%)
Paul Tudor Jones 37,017 sh (+27.92%)
Chuck Royce 22,500 sh (+23.63%)
James Barrow 6,717,003 sh (+6.45%)
Michael Price 455,000 sh (unchged)
Louis Moore Bacon 700,000 sh (unchged)
Pioneer Investments 371,925 sh (-4.87%)
Steven Romick 2,271,600 sh (-9.33%)
John Keeley 261,946 sh (-12.56%)
First Pacific Advisors 2,379,200 sh (-13.1%)
Jim Simons 86,300 sh (-82.28%)
» More
Q3 2014

CIT Guru Trades in Q3 2014

Steven Romick 2,271,600 sh (unchged)
» 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%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
HOTCHKIS & WILEY 2014-06-30 New Buy0.19%$41.52 - $49.89 $ 46.172%1185040
Julian Robertson 2014-03-31 Sold Out 4.1%$45.46 - $52.15 $ 46.17-5%0
Michael Price 2014-03-31 Add 27.27%0.58%$45.46 - $52.15 $ 46.17-5%455000
James Barrow 2014-03-31 Add 23.26%0.08%$45.46 - $52.15 $ 46.17-5%6310273
Joel Greenblatt 2014-03-31 Sold Out 0.01%$45.46 - $52.15 $ 46.17-5%0
Julian Robertson 2013-12-31 New Buy4.1%$47.21 - $51.64 $ 46.17-7%256200
James Barrow 2013-12-31 Add 22.47%0.07%$47.21 - $51.64 $ 46.17-7%5119437
Ray Dalio 2013-12-31 Sold Out 0.01%$47.21 - $51.64 $ 46.17-7%0
Joel Greenblatt 2013-12-31 New Buy0.01%$47.21 - $51.64 $ 46.17-7%7009
James Barrow 2013-09-30 Add 131.9%0.19%$46.84 - $51.33 $ 46.17-6%4180262
Ray Dalio 2013-09-30 Add 115.71%$46.84 - $51.33 $ 46.17-6%15100
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
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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

KEELEY Mid Cap Dividend Value Fund Comments on CIT Group Inc
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. Read more...
Morning Coffee: Widely Held Guru Stocks Near 52-Week Lows
This morning we are going to take a look at stocks that are widely held by the gurus and trading near their 52-week lows: Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 13.10
CIT's P/E(ttm) is ranked higher than
77% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 14.80 vs. CIT: 13.10 )
CIT' s 10-Year P/E(ttm) Range
Min: 4.04   Max: 540.91
Current: 13.1

4.04
540.91
P/B 1.00
CIT's P/B is ranked higher than
71% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.15 vs. CIT: 1.00 )
CIT' s 10-Year P/B Range
Min: 0.65   Max: 1.19
Current: 1

0.65
1.19
P/S 3.70
CIT's P/S is ranked higher than
58% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 3.08 vs. CIT: 3.70 )
CIT' s 10-Year P/S Range
Min: 2.36   Max: 10.91
Current: 3.7

2.36
10.91
EV-to-EBIT 26.30
CIT's EV-to-EBIT is ranked higher than
65% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 17.06 vs. CIT: 26.30 )
CIT' s 10-Year EV-to-EBIT Range
Min: 26.1   Max: 310.8
Current: 26.3

26.1
310.8
Shiller P/E 112.50
CIT's Shiller P/E is ranked higher than
61% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 27.60 vs. CIT: 112.50 )
CIT' s 10-Year Shiller P/E Range
Min: 83.33   Max: 490.1
Current: 112.5

83.33
490.1

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.00
CIT's Dividend Yield is ranked lower than
84% of the 1506 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.40 vs. CIT: 1.00 )
CIT' s 10-Year Dividend Yield Range
Min: 0.19   Max: 0.69
Current: 1

0.19
0.69
Dividend Payout 0.09
CIT's Dividend Payout is ranked higher than
96% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 0.47 vs. CIT: 0.09 )
CIT' s 10-Year Dividend Payout Range
Min: 0.08   Max: 0.17
Current: 0.09

0.08
0.17
Yield on cost (5-Year) 1.00
CIT's Yield on cost (5-Year) is ranked lower than
81% of the 1519 Companies
in the Global Specialty Finance industry.

( Industry Median: 2.70 vs. CIT: 1.00 )
CIT' s 10-Year Yield on cost (5-Year) Range
Min: 0.19   Max: 0.69
Current: 1

0.19
0.69
Share Buyback Rate -0.20
CIT's Share Buyback Rate is ranked higher than
85% of the 1327 Companies
in the Global Specialty Finance industry.

( Industry Median: -1.90 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 1.08
CIT's Price/Tangible Book is ranked higher than
79% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.33 vs. CIT: 1.08 )
CIT' s 10-Year Price/Tangible Book Range
Min: 0.7   Max: 1.23
Current: 1.08

0.7
1.23
Price/Median PS Value 0.90
CIT's Price/Median PS Value is ranked higher than
89% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.10 vs. CIT: 0.90 )
CIT' s 10-Year Price/Median PS Value Range
Min: 0.63   Max: 2.22
Current: 0.9

0.63
2.22
Price/Graham Number 0.81
CIT's Price/Graham Number is ranked higher than
81% of the 1928 Companies
in the Global Specialty Finance industry.

( Industry Median: 1.05 vs. CIT: 0.81 )
CIT' s 10-Year Price/Graham Number Range
Min: 0.31   Max: 4.51
Current: 0.81

0.31
4.51
Earnings Yield (Greenblatt) 3.80
CIT's Earnings Yield (Greenblatt) is ranked higher than
53% of the 1575 Companies
in the Global Specialty Finance industry.

( Industry Median: 7.30 vs. CIT: 3.80 )
CIT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 3.8
Current: 3.8

0.3
3.8
Forward Rate of Return (Yacktman) -7.29
CIT's Forward Rate of Return (Yacktman) is ranked higher than
53% of the 1413 Companies
in the Global Specialty Finance industry.

( Industry Median: 13.52 vs. CIT: -7.29 )
CIT' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -15   Max: -7.2
Current: -7.29

-15
-7.2

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
» More Articles for CIT

Headlines

Articles On GuruFocus.com
Martin Whitman Third Quarter Letter to Shareholders Sep 11 2014 
KEELEY Mid Cap Dividend Value Fund Comments on CIT Group Inc Jul 30 2014 
A Big Win for John Paulson Jul 25 2014 
Morning Coffee: Widely Held Guru Stocks Near 52-Week Lows May 15 2014 
Investor Steven Romick's Top 5 Increases of First Quarter Apr 16 2014 
Bruce Berkowitz Buys Fannie Mae and Freddie Mac - Other Gurus, Financials and Risk Jun 13 2013 
Howard Marks Gains 133% on Eagle Sell, Four Reduced in First Quarter May 22 2013 
Bruce Berkowitz Pulls Plug on CIT - Sold Out 16 Million Shares Apr 30 2013 
Fairholme’s Bruce Berkowitz Announces New Holding Sears Canada and Increase to Leucadia Feb 01 2013 
Martin Whitman Fourth Quarter Portfolio Manager Commentary Dec 20 2012 


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PRESS DIGEST- New York Times business news - July 23 Jul 23 2014
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AIRSHOW -Rolls-Royce engines to power CIT's 15 Airbus A330neos Jul 16 2014
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Lessor CIT says to be an Airbus A330neo launch customer Jul 15 2014
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Airbus revamps A330 jet in long-haul battle with Boeing Jul 14 2014
AIRSHOW-Airbus revamps A330 jet in long-haul battle with Boeing Jul 14 2014
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AIRSHOW-Airbus jet re-launch heralds busy aerospace show Jul 13 2014
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CIT to Announce First Quarter 2014 Financial Results on Tuesday, April 29th Apr 01 2014
CIT Serves as Joint Lead Arranger in $450 Million Financing for YRC Worldwide Apr 01 2014
CIT Provides Financing to Silvercreek Solar Park Mar 26 2014
CIT Provides $46.4 Million Financing to Epic Gas Mar 25 2014
CIT Provides $46.4 Million Financing to Epic Gas Mar 25 2014
CIT Appoints William Douglass Group Head of CIT Corporate Finance, Healthcare Mar 24 2014
CIT Serves as Sole Lead Arranger in $43 Million Financing to Laney Directional Drilling Mar 05 2014
CIT Aerospace Delivers One Airbus A321 to SriLankan Airlines Mar 04 2014
CIT Aerospace Delivers One Airbus A321 to Dragonair Feb 21 2014
CIT Names Sheila A. Stamps to Board of Directors Feb 19 2014
CIT Serves as Lead Arranger in $42.8 Million Financing for Garrison Investment Group Feb 13 2014
CIT Announces Pricing of $1 Billion of Senior Unsecured Notes Feb 12 2014
CIT Announces Public Offering of Senior Unsecured Notes Feb 12 2014
CIT Aerospace Delivers Two Airbus A321s to American Airlines Feb 11 2014

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