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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 0.38
CIT's Cash to Debt is ranked lower than
66% of the 248 Companies
in the Global Credit Services industry.

( Industry Median: 209.25 vs. CIT: 0.38 )
Ranked among companies with meaningful Cash to Debt only.
CIT' s 10-Year Cash to Debt Range
Min: 0.04  Med: 0.11 Max: N/A
Current: 0.38
Equity to Asset 0.19
CIT's Equity to Asset is ranked lower than
71% of the 173 Companies
in the Global Credit Services industry.

( Industry Median: 0.36 vs. CIT: 0.19 )
Ranked among companies with meaningful Equity to Asset only.
CIT' s 10-Year Equity to Asset Range
Min: 0.07  Med: 0.12 Max: 0.2
Current: 0.19
0.07
0.2
Interest Coverage 0.63
CIT's Interest Coverage is ranked lower than
94% of the 172 Companies
in the Global Credit Services industry.

( Industry Median: 19.62 vs. CIT: 0.63 )
Ranked among companies with meaningful Interest Coverage only.
CIT' s 10-Year Interest Coverage Range
Min: 0.06  Med: 0.66 Max: 0.98
Current: 0.63
0.06
0.98
F-Score: 6
WACC vs ROIC
8.51%
5.09%
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 (%) 27.44
CIT's Operating margin (%) is ranked higher than
62% of the 262 Companies
in the Global Credit Services industry.

( Industry Median: 20.45 vs. CIT: 27.44 )
Ranked among companies with meaningful Operating margin (%) only.
CIT' s 10-Year Operating margin (%) Range
Min: -309.57  Med: 23.63 Max: 37.87
Current: 27.44
-309.57
37.87
Net-margin (%) 43.41
CIT's Net-margin (%) is ranked higher than
82% of the 264 Companies
in the Global Credit Services industry.

( Industry Median: 15.81 vs. CIT: 43.41 )
Ranked among companies with meaningful Net-margin (%) only.
CIT' s 10-Year Net-margin (%) Range
Min: -174.64  Med: 15.89 Max: 44.51
Current: 43.41
-174.64
44.51
ROE (%) 12.62
CIT's ROE (%) is ranked higher than
65% of the 260 Companies
in the Global Credit Services industry.

( Industry Median: 7.74 vs. CIT: 12.62 )
Ranked among companies with meaningful ROE (%) only.
CIT' s 10-Year ROE (%) Range
Min: -37.97  Med: 6.96 Max: 14.39
Current: 12.62
-37.97
14.39
ROA (%) 2.39
CIT's ROA (%) is ranked lower than
53% of the 273 Companies
in the Global Credit Services industry.

( Industry Median: 2.62 vs. CIT: 2.39 )
Ranked among companies with meaningful ROA (%) only.
CIT' s 10-Year ROA (%) Range
Min: -3.27  Med: 1.11 Max: 2.38
Current: 2.39
-3.27
2.38
ROC (Joel Greenblatt) (%) 4.76
CIT's ROC (Joel Greenblatt) (%) is ranked lower than
68% of the 265 Companies
in the Global Credit Services industry.

( Industry Median: 16.23 vs. CIT: 4.76 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CIT' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -34.75  Med: 5.32 Max: 13.18
Current: 4.76
-34.75
13.18
Revenue Growth (3Y)(%) 9.40
CIT's Revenue Growth (3Y)(%) is ranked higher than
59% of the 198 Companies
in the Global Credit Services industry.

( Industry Median: 4.00 vs. CIT: 9.40 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CIT' s 10-Year Revenue Growth (3Y)(%) Range
Min: -45  Med: -2.15 Max: 18.5
Current: 9.4
-45
18.5
EBITDA Growth (3Y)(%) 21.20
CIT's EBITDA Growth (3Y)(%) is ranked higher than
78% of the 165 Companies
in the Global Credit Services industry.

( Industry Median: -3.40 vs. CIT: 21.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CIT' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -51.3  Med: 8.70 Max: 53.5
Current: 21.2
-51.3
53.5
EPS Growth (3Y)(%) 333.20
CIT's EPS Growth (3Y)(%) is ranked higher than
99% of the 169 Companies
in the Global Credit Services industry.

( Industry Median: 4.30 vs. CIT: 333.20 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
CIT' s 10-Year EPS Growth (3Y)(%) Range
Min: -12.8  Med: 15.15 Max: 565.7
Current: 333.2
-12.8
565.7
» CIT's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2014

CIT Guru Trades in Q3 2014

Dodge & Cox 7,690 sh (New)
NWQ Managers 2,133,003 sh (New)
Ray Dalio 18,000 sh (New)
Jim Simons 212,900 sh (+146.70%)
James Barrow 7,961,470 sh (+18.53%)
First Pacific Advisors 2,396,300 sh (+0.72%)
Chuck Royce 22,500 sh (unchged)
Michael Price 455,000 sh (unchged)
Pioneer Investments 702,916 sh (unchged)
Steven Romick 2,271,600 sh (unchged)
Louis Moore Bacon 200,000 sh (unchged)
Caxton Associates Sold Out
Louis Moore Bacon Sold Out
John Keeley 256,106 sh (-2.23%)
HOTCHKIS & WILEY 1,095,371 sh (-7.57%)
Paul Tudor Jones 21,107 sh (-42.98%)
» More
Q4 2014

CIT Guru Trades in Q4 2014

Jim Simons 625,000 sh (+193.57%)
First Pacific Advisors 2,849,500 sh (+18.91%)
Steven Romick 2,697,700 sh (+18.76%)
John Keeley 270,626 sh (+5.67%)
NWQ Managers 2,207,981 sh (+3.52%)
James Barrow 8,040,130 sh (+0.99%)
Michael Price 455,000 sh (unchged)
Dodge & Cox Sold Out
HOTCHKIS & WILEY 1,009,271 sh (-7.86%)
Chuck Royce 19,500 sh (-13.33%)
Paul Tudor Jones 15,183 sh (-28.07%)
Pioneer Investments 437,036 sh (-37.83%)
Ray Dalio 5,900 sh (-67.22%)
» More
Q1 2015

CIT Guru Trades in Q1 2015

Joel Greenblatt 4,866 sh (New)
Richard Snow 35,000 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

Steven Romick 3,585,000 sh (+8.21%)
» 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

Steven Romick Buys 1 New Stock in First Quarter, Adds to 10 More
Steven Romick (Trades, Portfolio) manages the Crescent Fund at First Pacific Advisers, a company with $33 billion in assets. Read more...
Financial Services Holdings Influence NWQ Managers' Portfolio in Third Quarter
At its website, NWQ Managers (Trades, Portfolio), a value-oriented money management firm, says it “focuses on understanding individual companies as businesses rather than simply as stocks by conducting independent research,” and its “process is fluid and dynamic” in which “portfolios are constantly monitored using and strictly adhering to our research and analyst-driven process.” Read more...
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...

Ratios

vs
industry
vs
history
P/E(ttm) 7.65
CIT's P/E(ttm) is ranked higher than
81% of the 208 Companies
in the Global Credit Services industry.

( Industry Median: 15.80 vs. CIT: 7.65 )
Ranked among companies with meaningful P/E(ttm) only.
CIT' s 10-Year P/E(ttm) Range
Min: 4.04  Med: 14.27 Max: 540.91
Current: 7.65
4.04
540.91
Forward P/E 13.21
CIT's Forward P/E is ranked lower than
63% of the 65 Companies
in the Global Credit Services industry.

( Industry Median: 11.00 vs. CIT: 13.21 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 8.20
CIT's PE(NRI) is ranked higher than
80% of the 209 Companies
in the Global Credit Services industry.

( Industry Median: 16.00 vs. CIT: 8.20 )
Ranked among companies with meaningful PE(NRI) only.
CIT' s 10-Year PE(NRI) Range
Min: 4.04  Med: 15.29 Max: 520.63
Current: 8.2
4.04
520.63
P/B 0.92
CIT's P/B is ranked higher than
57% of the 246 Companies
in the Global Credit Services industry.

( Industry Median: 1.12 vs. CIT: 0.92 )
Ranked among companies with meaningful P/B only.
CIT' s 10-Year P/B Range
Min: 0.65  Med: 0.95 Max: 1.19
Current: 0.92
0.65
1.19
P/S 3.30
CIT's P/S is ranked higher than
50% of the 256 Companies
in the Global Credit Services industry.

( Industry Median: 3.39 vs. CIT: 3.30 )
Ranked among companies with meaningful P/S only.
CIT' s 10-Year P/S Range
Min: 2.42  Med: 3.79 Max: 10.91
Current: 3.3
2.42
10.91
POCF 7.70
CIT's POCF is ranked higher than
52% of the 91 Companies
in the Global Credit Services industry.

( Industry Median: 8.03 vs. CIT: 7.70 )
Ranked among companies with meaningful POCF only.
CIT' s 10-Year POCF Range
Min: 4.99  Med: 8.48 Max: 16.78
Current: 7.7
4.99
16.78
EV-to-EBIT 26.01
CIT's EV-to-EBIT is ranked lower than
65% of the 199 Companies
in the Global Credit Services industry.

( Industry Median: 19.71 vs. CIT: 26.01 )
Ranked among companies with meaningful EV-to-EBIT only.
CIT' s 10-Year EV-to-EBIT Range
Min: -84.1  Med: 29.50 Max: 232.4
Current: 26.01
-84.1
232.4
Shiller P/E 26.69
CIT's Shiller P/E is ranked lower than
83% of the 88 Companies
in the Global Credit Services industry.

( Industry Median: 13.21 vs. CIT: 26.69 )
Ranked among companies with meaningful Shiller P/E only.
CIT' s 10-Year Shiller P/E Range
Min: 25.47  Med: 110.06 Max: 490.1
Current: 26.69
25.47
490.1
Days Sales Outstanding 90.68
CIT's Days Sales Outstanding is ranked lower than
73% of the 178 Companies
in the Global Credit Services industry.

( Industry Median: 26.32 vs. CIT: 90.68 )
Ranked among companies with meaningful Days Sales Outstanding only.
CIT' s 10-Year Days Sales Outstanding Range
Min: 44.51  Med: 286.78 Max: 4891.26
Current: 90.68
44.51
4891.26

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.29
CIT's Dividend Yield is ranked lower than
71% of the 230 Companies
in the Global Credit Services industry.

( Industry Median: 2.42 vs. CIT: 1.29 )
Ranked among companies with meaningful Dividend Yield only.
CIT' s 10-Year Dividend Yield Range
Min: 0.19  Med: 0.93 Max: 3.34
Current: 1.29
0.19
3.34
Dividend Payout 0.10
CIT's Dividend Payout is ranked higher than
85% of the 131 Companies
in the Global Credit Services industry.

( Industry Median: 0.29 vs. CIT: 0.10 )
Ranked among companies with meaningful Dividend Payout only.
CIT' s 10-Year Dividend Payout Range
Min: 0.05  Med: 0.13 Max: 0.25
Current: 0.1
0.05
0.25
Yield on cost (5-Year) 1.29
CIT's Yield on cost (5-Year) is ranked lower than
79% of the 230 Companies
in the Global Credit Services industry.

( Industry Median: 3.34 vs. CIT: 1.29 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CIT' s 10-Year Yield on cost (5-Year) Range
Min: 0.19  Med: 0.93 Max: 1.25
Current: 1.29
0.19
1.25
Share Buyback Rate 1.90
CIT's Share Buyback Rate is ranked higher than
82% of the 132 Companies
in the Global Credit Services industry.

( Industry Median: -4.40 vs. CIT: 1.90 )
Ranked among companies with meaningful Share Buyback Rate only.
CIT' s 10-Year Share Buyback Rate Range
Min: 20.5  Med: 0.85 Max: -25.3
Current: 1.9

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.99
CIT's Price/Tangible Book is ranked higher than
57% of the 240 Companies
in the Global Credit Services industry.

( Industry Median: 1.18 vs. CIT: 0.99 )
Ranked among companies with meaningful Price/Tangible Book only.
CIT' s 10-Year Price/Tangible Book Range
Min: 0.7  Med: 1.02 Max: 1.21
Current: 0.99
0.7
1.21
Price/Median PS Value 0.88
CIT's Price/Median PS Value is ranked higher than
60% of the 229 Companies
in the Global Credit Services industry.

( Industry Median: 1.00 vs. CIT: 0.88 )
Ranked among companies with meaningful Price/Median PS Value only.
CIT' s 10-Year Price/Median PS Value Range
Min: 0.7  Med: 1.00 Max: 2.24
Current: 0.88
0.7
2.24
Price/Graham Number 0.58
CIT's Price/Graham Number is ranked higher than
77% of the 128 Companies
in the Global Credit Services industry.

( Industry Median: 0.90 vs. CIT: 0.58 )
Ranked among companies with meaningful Price/Graham Number only.
CIT' s 10-Year Price/Graham Number Range
Min: 0.31  Med: 0.91 Max: 19.5
Current: 0.58
0.31
19.5
Earnings Yield (Greenblatt) (%) 3.84
CIT's Earnings Yield (Greenblatt) (%) is ranked lower than
51% of the 253 Companies
in the Global Credit Services industry.

( Industry Median: 3.90 vs. CIT: 3.84 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CIT' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.4  Med: 2.70 Max: 3.9
Current: 3.84
0.4
3.9
Forward Rate of Return (Yacktman) (%) -37.30
CIT's Forward Rate of Return (Yacktman) (%) is ranked lower than
82% of the 76 Companies
in the Global Credit Services industry.

( Industry Median: -2.34 vs. CIT: -37.30 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
CIT' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -19.9  Med: -12.80 Max: -7.6
Current: -37.3
-19.9
-7.6

Business Description

Industry: Credit Services » Credit Services
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

Headlines

Articles On GuruFocus.com
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 
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BB&T's Bright Future Will Help Growth Dec 11 2014 
Bank And Thrift Mergers To Continue Nov 07 2014 
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 

More From Other Websites
Financial Briefs Jul 28 2015
CIT Group Lags Earnings as Provisions Rise, Revenues Dip - Analyst Blog Jul 28 2015
CIT Group Profit Slides on Revenue Decline Jul 28 2015
Edited Transcript of CIT earnings conference call or presentation 28-Jul-15 12:00pm GMT Jul 28 2015
CIT pressured by costs in 2Q; nears closing on OneWest Jul 28 2015
CIT pressured by costs in 2Q; nears closing on OneWest Jul 28 2015
CIT Reports Second Quarter 2015 Net Income of $115 Million ($0.66 Per Diluted Share) Jul 28 2015
Q2 2015 CIT Group Inc Earnings Release - Before Market Open Jul 28 2015
CIT GROUP INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD... Jul 28 2015
CIT misses 2Q profit forecasts Jul 28 2015
CIT misses 2Q profit forecasts Jul 28 2015
6:35 am CIT Group reports EPS in-line Jul 28 2015
CIT Reports Second Quarter 2015 Net Income of $115 Million ($0.66 Per Diluted Share) Jul 28 2015
CIT GROUP INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Change in Directors or... Jul 27 2015
Goldman, Zions Seen as Best Ideas in Finance Jul 24 2015
CIT Canada Provides Financing To Dynapple Management Corp. Jul 24 2015
Regulators Apparently Aren't Opposed to Bank Mergers After All Jul 22 2015
Banking regulators OK merger of OneWest with CIT Group Jul 21 2015
CIT Receives Regulatory Approval to Acquire OneWest Bank Jul 21 2015
CIT Receives Regulatory Approval to Acquire OneWest Bank Jul 21 2015

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