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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 : 5/10

vs
industry
vs
history
Cash-to-Debt 0.42
CIT's Cash-to-Debt is ranked lower than
77% of the 1592 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.23 vs. CIT: 0.42 )
Ranked among companies with meaningful Cash-to-Debt only.
CIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06  Med: 0.22 Max: 0.42
Current: 0.42
0.06
0.42
Equity-to-Asset 0.16
CIT's Equity-to-Asset is ranked higher than
86% of the 1591 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: 0.08  Med: 0.14 Max: 0.2
Current: 0.16
0.08
0.2
Beneish M-Score: -3.04
WACC vs ROIC
-6.34%
-1.26%
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 : 5/10

vs
industry
vs
history
Operating Margin % -2.36
CIT's Operating Margin % is ranked lower than
92% of the 1606 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.37 vs. CIT: -2.36 )
Ranked among companies with meaningful Operating Margin % only.
CIT' s Operating Margin % Range Over the Past 10 Years
Min: -309.57  Med: 5.06 Max: 32.29
Current: -2.36
-309.57
32.29
Net Margin % -39.22
CIT's Net Margin % is ranked lower than
96% of the 1605 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.70 vs. CIT: -39.22 )
Ranked among companies with meaningful Net Margin % only.
CIT' s Net Margin % Range Over the Past 10 Years
Min: -94.6  Med: 7.61 Max: 44.51
Current: -39.22
-94.6
44.51
ROE % -7.59
CIT's ROE % is ranked lower than
95% of the 1603 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.58 vs. CIT: -7.59 )
Ranked among companies with meaningful ROE % only.
CIT' s ROE % Range Over the Past 10 Years
Min: -37.97  Med: 0.13 Max: 12.62
Current: -7.59
-37.97
12.62
ROA % -1.25
CIT's ROA % is ranked lower than
96% of the 1612 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. CIT: -1.25 )
Ranked among companies with meaningful ROA % only.
CIT' s ROA % Range Over the Past 10 Years
Min: -3.27  Med: 0.16 Max: 2.38
Current: -1.25
-3.27
2.38
3-Year Revenue Growth Rate -0.80
CIT's 3-Year Revenue Growth Rate is ranked lower than
77% of the 1354 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.20 vs. CIT: -0.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
CIT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -45  Med: -0.75 Max: 39.3
Current: -0.8
-45
39.3
3-Year EBITDA Growth Rate -21.30
CIT's 3-Year EBITDA Growth Rate is ranked lower than
92% of the 1256 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.40 vs. CIT: -21.30 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
CIT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -51.3  Med: 5.2 Max: 54.2
Current: -21.3
-51.3
54.2
GuruFocus has detected 4 Warning Signs with CIT Group Inc $CIT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» CIT's 10-Y Financials

Financials (Next Earnings Date: 2017-05-01 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

CIT Guru Trades in Q2 2016

Steven Cohen 642,500 sh (+22.10%)
First Pacific Advisors 14,186,561 sh (+10.32%)
Steven Romick 11,811,262 sh (+4.87%)
Michael Price 520,000 sh (unchged)
NWQ Managers 50,600 sh (unchged)
First Pacific Advisors 64,000 sh (unchged)
Steven Cohen 100,000 sh (unchged)
Lee Ainslie Sold Out
John Paulson Sold Out
Paul Tudor Jones Sold Out
HOTCHKIS & WILEY 2,242,171 sh (-4.01%)
NWQ Managers 3,773,376 sh (-8.73%)
Ray Dalio 42,400 sh (-11.67%)
George Soros 1,189,474 sh (-15.08%)
Keeley Asset Management Corp 50,299 sh (-80.16%)
» More
Q3 2016

CIT Guru Trades in Q3 2016

Paul Tudor Jones 26,002 sh (New)
Keeley Asset Management Corp 57,520 sh (+14.36%)
NWQ Managers 4,289,721 sh (+13.68%)
First Pacific Advisors 14,422,976 sh (+1.67%)
Steven Romick 12,004,408 sh (+1.64%)
First Pacific Advisors 19,000 sh (unchged)
NWQ Managers 116,200 sh (unchged)
Steven Cohen 100,000 sh (unchged)
Michael Price 520,000 sh (unchged)
Ray Dalio Sold Out
George Soros Sold Out
HOTCHKIS & WILEY 2,128,071 sh (-5.09%)
Steven Cohen 131,200 sh (-79.58%)
» More
Q4 2016

CIT Guru Trades in Q4 2016

Arnold Schneider 47,968 sh (New)
Jim Simons 907,300 sh (New)
Steven Cohen 276,284 sh (+110.58%)
HOTCHKIS & WILEY 2,477,871 sh (+16.44%)
Michael Price 523,000 sh (+0.58%)
Keeley Asset Management Corp 57,625 sh (+0.18%)
NWQ Managers 239,400 sh (unchged)
NWQ Managers 4,222,590 sh (-1.56%)
First Pacific Advisors 13,642,498 sh (-5.41%)
Steven Romick 11,225,440 sh (-6.49%)
Paul Tudor Jones 7,406 sh (-71.52%)
» More
Q1 2017

CIT Guru Trades in Q1 2017

Steven Romick 11,049,910 sh (-1.56%)
» 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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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:NAS:ZION, NAS:SBNY, NAS:SIVB, NAS:PACW, NAS:OZRK, NAS:PBCT, NAS:CBSH, NYSE:CFR, NYSE:CMA, NYSE:WAL, NAS:BOKF, NYSE:SNV, NYSE:PB, NAS:PVTB, NAS:TFSL, NYSE:WBS, NYSE:FHN, NAS:BPOP, NAS:FHB, NAS:TCBI » details
Traded in other countries:QIT1.Germany,
Headquarter Location:USA
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.

CIT Group is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.

Guru Investment Theses on CIT Group Inc

Keeley Funds Comments on CIT Group - May 06, 2016

The largest detractor this quarter was CIT Group (NYSE:CIT), a bank which has several specialty lending and leasing platforms in addition to its West Coast branch presence. CIT fell more than 20% in the quarter as earnings expectations fell. Falling interest rates and less accretion from its large OneWest acquisition have diminished forward expectations. We stayed the course as the stock is very cheap and we believe the company’s plans to pull out costs will improve returns and ultimately earnings and share price.





From the Keeley Mid-Cap Dividend Fund first quarter 2016 commentary.



Check out John Keeley latest stock trades

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Keeley Funds Comments on CIT Group Guru stock highlight
The largest detractor this quarter was CIT Group (NYSE:CIT), a bank which has several specialty lending and leasing platforms in addition to its West Coast branch presence. CIT fell more than 20% in the quarter as earnings expectations fell. Falling interest rates and less accretion from its large OneWest acquisition have diminished forward expectations. We stayed the course as the stock is very cheap and we believe the company’s plans to pull out costs will improve returns and ultimately earnings and share price. Read more...

Ratios

vs
industry
vs
history
Forward PE Ratio 15.92
CIT's Forward PE Ratio is ranked higher than
59% of the 839 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.93 vs. CIT: 15.92 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 0.93
CIT's PB Ratio is ranked higher than
69% of the 1611 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. CIT: 0.93 )
Ranked among companies with meaningful PB Ratio only.
CIT' s PB Ratio Range Over the Past 10 Years
Min: 0.49  Med: 0.92 Max: 1.19
Current: 0.93
0.49
1.19
PS Ratio 4.00
CIT's PS Ratio is ranked lower than
56% of the 1586 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.40 vs. CIT: 4.00 )
Ranked among companies with meaningful PS Ratio only.
CIT' s PS Ratio Range Over the Past 10 Years
Min: 1.75  Med: 3.65 Max: 10.77
Current: 4
1.75
10.77
Price-to-Free-Cash-Flow 18.70
CIT's Price-to-Free-Cash-Flow is ranked lower than
72% of the 870 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.33 vs. CIT: 18.70 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
CIT' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 16.69  Med: 17.32 Max: 18.76
Current: 18.7
16.69
18.76
Price-to-Operating-Cash-Flow 3.95
CIT's Price-to-Operating-Cash-Flow is ranked higher than
74% of the 940 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.82 vs. CIT: 3.95 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
CIT' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 3.4  Med: 7.79 Max: 16.75
Current: 3.95
3.4
16.75
EV-to-EBIT -357.33
CIT's EV-to-EBIT is ranked lower than
99% of the 1668 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.52 vs. CIT: -357.33 )
Ranked among companies with meaningful EV-to-EBIT only.
CIT' s EV-to-EBIT Range Over the Past 10 Years
Min: -406.4  Med: 27.2 Max: 864.5
Current: -357.33
-406.4
864.5
EV-to-EBITDA 31.68
CIT's EV-to-EBITDA is ranked lower than
85% of the 1685 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.29 vs. CIT: 31.68 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -46.2  Med: 15.6 Max: 184.5
Current: 31.68
-46.2
184.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.30
CIT's Dividend Yield % is ranked lower than
80% of the 2319 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.69 vs. CIT: 1.30 )
Ranked among companies with meaningful Dividend Yield % only.
CIT' s Dividend Yield % Range Over the Past 10 Years
Min: 0.19  Med: 1.3 Max: 2.26
Current: 1.3
0.19
2.26
3-Year Dividend Growth Rate 81.70
CIT's 3-Year Dividend Growth Rate is ranked higher than
97% of the 768 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.20 vs. CIT: 81.70 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
CIT' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: 0 Max: 81.7
Current: 81.7
0
81.7
Forward Dividend Yield % 1.32
CIT's Forward Dividend Yield % is ranked lower than
82% of the 2248 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.73 vs. CIT: 1.32 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 1.30
CIT's 5-Year Yield-on-Cost % is ranked lower than
83% of the 2649 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.31 vs. CIT: 1.30 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
CIT' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.19  Med: 1.3 Max: 2.26
Current: 1.3
0.19
2.26
3-Year Average Share Buyback Ratio -0.80
CIT's 3-Year Average Share Buyback Ratio is ranked higher than
59% of the 1042 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.80 vs. CIT: -0.80 )
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: -12.6  Med: 0.25 Max: 11.1
Current: -0.8
-12.6
11.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.00
CIT's Price-to-Tangible-Book is ranked higher than
67% of the 1576 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.27 vs. CIT: 1.00 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CIT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.7  Med: 0.96 Max: 1.21
Current: 1
0.7
1.21
Price-to-Median-PS-Value 1.10
CIT's Price-to-Median-PS-Value is ranked higher than
71% of the 1462 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.14 vs. CIT: 1.10 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
CIT' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.72  Med: 1 Max: 2.24
Current: 1.1
0.72
2.24
Earnings Yield (Greenblatt) % -0.28
CIT's Earnings Yield (Greenblatt) % is ranked lower than
74% of the 2207 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.95 vs. CIT: -0.28 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CIT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -0.28  Med: 3.3 Max: 5
Current: -0.28
-0.28
5
Forward Rate of Return (Yacktman) % -5.65
CIT's Forward Rate of Return (Yacktman) % is ranked lower than
94% of the 890 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.45 vs. CIT: -5.65 )
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: -11.85 Max: 20.4
Current: -5.65
-19.9
20.4

More Statistics

Revenue (TTM) (Mil) $2,078
EPS (TTM) $ -4.06
Beta1.49
Short Percentage of Float3.93%
52-Week Range $28.33 - 47.40
Shares Outstanding (Mil)202.74

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 2,017 2,032
EPS ($) 2.85 3.96
EPS without NRI ($) 2.85 3.96
EPS Growth Rate
(Future 3Y To 5Y Estimate)
5.00%
Dividends per Share ($) 0.60 0.60
» More Articles for NYSE:CIT

Headlines

Articles On GuruFocus.com
CIT Announces Cash Tender Offer for Up To $2,750,000,000 of its Common Stock Apr 27 2017 
CIT Receives #1 Ranking In Konica Minolta Business Solutions Survey Apr 26 2017 
CIT Declares Quarterly Dividend Apr 18 2017 
CIT Announces Early Results of its Previously Announced Cash Tender Offer of Unsecured Notes Apr 18 2017 
CIT Names John Fawcett Executive Vice President and Chief Financial Officer Apr 13 2017 
CIT to Announce First Quarter 2017 Financial Results on Tuesday, April 25 Apr 11 2017 
CIT Announces Redemption of Approximately $4.84 Billion of its Unsecured Debt Apr 04 2017 
CIT Announces Cash Tender Offer For Up To $950 million of Unsecured Notes Apr 04 2017 
CIT Completes Sale of Commercial Aircraft Leasing Business to Avolon Holdings for $10.4 Billion Apr 04 2017 
CIT Completes Sale Of Joint Venture Stake In TC-CIT Aviation Apr 03 2017 

More From Other Websites
CIT Announces Cash Tender Offer for Up To $2,750,000,000 of its Common Stock Apr 27 2017
CIT Group (CIT) Stock Gains as Q1 Earnings Beat Estimates Apr 26 2017
CIT Receives #1 Ranking In Konica Minolta Business Solutions Survey Apr 26 2017
Edited Transcript of CIT earnings conference call or presentation 25-Apr-17 12:00pm GMT Apr 26 2017
CIT beats 1Q profit forecasts Apr 25 2017
CIT Announces First Quarter 2017 Results Apr 25 2017
CIT Declares Quarterly Dividend Apr 18 2017
Why Is CIT Group (CIT) Up 7.9% Since the Last Earnings Report? Apr 18 2017
CIT Announces Early Results of its Previously Announced Cash Tender Offer of Unsecured Notes Apr 18 2017
CIT Names John Fawcett Executive Vice President and Chief Financial Officer Apr 13 2017
Futures point to lower open on Wall Street on Trump's dollar comments Apr 13 2017
CIT to Announce First Quarter 2017 Financial Results on Tuesday, April 25 Apr 11 2017
CIT Group Inc. (Old) -- Moody's upgrades CIT Group's senior unsecured rating to Ba2 from Ba3 Apr 10 2017
CIT Group Closes Aircraft Leasing Business Sale to Avolon Apr 05 2017
In Final Fed Speech, Tarullo Eyes Looser Stress Test Limits Apr 04 2017
CIT Announces Redemption of Approximately $4.84 Billion of its Unsecured Debt Apr 04 2017
CIT Announces Cash Tender Offer For Up To $950 million of Unsecured Notes Apr 04 2017
CIT Group Closes Joint Venture Stake Sale: What's Next? Apr 04 2017
CIT Completes Sale of Commercial Aircraft Leasing Business to Avolon Holdings for $10.4 Billion Apr 04 2017
CIT Completes Sale Of Joint Venture Stake In TC-CIT Aviation Apr 03 2017

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