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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 : 4/10

vs
industry
vs
history
Cash-to-Debt 0.40
CIT's Cash-to-Debt is ranked lower than
79% of the 1613 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.09 vs. CIT: 0.40 )
Ranked among companies with meaningful Cash-to-Debt only.
CIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04  Med: 0.19 Max: N/A
Current: 0.4
Equity-to-Asset 0.16
CIT's Equity-to-Asset is ranked higher than
87% of the 1580 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: 0.14 Max: 0.2
Current: 0.16
0.07
0.2
Beneish M-Score: -3.45
WACC vs ROIC
-7.58%
-1.25%
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
94% of the 1618 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.66 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
97% of the 1619 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.82 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
96% of the 1619 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.56 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 1624 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.91 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
78% of the 1364 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 1281 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.90 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: -51.9  Med: 5.2 Max: 54.2
Current: -21.3
-51.9
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 30-Y Financials

Financials (Next Earnings Date: 2017-10-25 Est.)


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

» Details

Guru Trades

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%)
Michael Price 520,000 sh (unchged)
NWQ Managers 116,200 sh (unchged)
Steven Cohen 100,000 sh (unchged)
First Pacific Advisors 19,000 sh (unchged)
George Soros Sold Out
Ray Dalio 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

Arnold Schneider 202,004 sh (+321.12%)
Steven Cohen 768,705 sh (+178.23%)
HOTCHKIS & WILEY 4,005,621 sh (+61.66%)
NWQ Managers 4,250,745 sh (+0.67%)
Michael Price 523,000 sh (unchged)
NWQ Managers 77,300 sh (unchged)
Paul Tudor Jones Sold Out
Steven Romick 11,049,910 sh (-1.56%)
First Pacific Advisors 13,355,434 sh (-2.10%)
Jim Simons 651,600 sh (-28.18%)
» More
Q2 2017

CIT Guru Trades in Q2 2017

Steven Romick 9,091,855 sh (-17.72%)
» 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:SBNY, NYSE:CFR, NAS:PBCT, NAS:OZRK, NAS:PACW, NAS:CBSH, NAS:BOKF, NAS:ZION, NYSE:SNV, NYSE:WAL, NAS:PNFP, NAS:PVTB, NAS:SIVB, NYSE:WBS, NYSE:PB, NAS:FCNCA, NAS:TFSL, NYSE:FNB, NAS:WTFC, NAS:UMPQ » details
Traded in other countries:QIT1.Germany,
Headquarter Location:USA
CIT Group Inc is a banking corporation provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. It offers retail banking through its subsidiary.

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

Ratios

vs
industry
vs
history
Forward PE Ratio 19.88
CIT's Forward PE Ratio is ranked lower than
82% of the 382 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 16.05 vs. CIT: 19.88 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 0.98
CIT's PB Ratio is ranked higher than
65% of the 1581 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.20 vs. CIT: 0.98 )
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: 0.98
0.49
1.19
PS Ratio 4.78
CIT's PS Ratio is ranked lower than
72% of the 1567 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.43 vs. CIT: 4.78 )
Ranked among companies with meaningful PS Ratio only.
CIT' s PS Ratio Range Over the Past 10 Years
Min: 1.78  Med: 3.79 Max: 10.9
Current: 4.78
1.78
10.9
Price-to-Free-Cash-Flow 28.89
CIT's Price-to-Free-Cash-Flow is ranked lower than
97% of the 856 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.60 vs. CIT: 28.89 )
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: 16.7  Med: 25.29 Max: 29.16
Current: 28.89
16.7
29.16
Price-to-Operating-Cash-Flow 4.42
CIT's Price-to-Operating-Cash-Flow is ranked higher than
71% of the 931 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.46 vs. CIT: 4.42 )
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: 3.46  Med: 7.67 Max: 16.76
Current: 4.42
3.46
16.76
EV-to-EBIT -323.67
CIT's EV-to-EBIT is ranked lower than
99.99% of the 1241 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.20 vs. CIT: -323.67 )
Ranked among companies with meaningful EV-to-EBIT only.
CIT' s EV-to-EBIT Range Over the Past 10 Years
Min: -406.4  Med: 26 Max: 244.1
Current: -323.67
-406.4
244.1
EV-to-EBITDA 29.12
CIT's EV-to-EBITDA is ranked lower than
86% of the 1244 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.98 vs. CIT: 29.12 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -46.2  Med: 15.7 Max: 184.5
Current: 29.12
-46.2
184.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.22
CIT's Dividend Yield % is ranked lower than
81% of the 2354 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.88 vs. CIT: 1.22 )
Ranked among companies with meaningful Dividend Yield % only.
CIT' s Dividend Yield % Range Over the Past 10 Years
Min: 0.19  Med: 1.29 Max: 2.26
Current: 1.22
0.19
2.26
3-Year Dividend Growth Rate 81.70
CIT's 3-Year Dividend Growth Rate is ranked higher than
98% of the 794 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 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 % 1.22
CIT's Forward Dividend Yield % is ranked lower than
85% of the 2231 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.85 vs. CIT: 1.22 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 1.21
CIT's 5-Year Yield-on-Cost % is ranked lower than
83% of the 2778 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.98 vs. CIT: 1.21 )
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: 1.29 Max: 2.26
Current: 1.21
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 1065 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 1.06
CIT's Price-to-Tangible-Book is ranked higher than
61% of the 1573 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.29 vs. CIT: 1.06 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
CIT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.64  Med: 0.98 Max: 1.21
Current: 1.06
0.64
1.21
Price-to-Median-PS-Value 1.27
CIT's Price-to-Median-PS-Value is ranked lower than
61% of the 1527 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.13 vs. CIT: 1.27 )
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: 0.55  Med: 0.95 Max: 2.36
Current: 1.27
0.55
2.36
Earnings Yield (Greenblatt) % -0.31
CIT's Earnings Yield (Greenblatt) % is ranked lower than
76% of the 1625 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.91 vs. CIT: -0.31 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CIT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -9.2  Med: 0.5 Max: 4.4
Current: -0.31
-9.2
4.4
Forward Rate of Return (Yacktman) % -17.03
CIT's Forward Rate of Return (Yacktman) % is ranked lower than
93% of the 934 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.21 vs. CIT: -17.03 )
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: -12.1 Max: 20.4
Current: -17.03
-19.9
20.4

More Statistics

Revenue (TTM) (Mil) $2,078.20
EPS (TTM) $ -4.06
Beta1.48
Short Percentage of Float8.81%
52-Week Range $32.90 - 50.40
Shares Outstanding (Mil)144.63

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 2,010 2,036
EPS ($) 2.49 3.92
EPS without NRI ($) 2.49 3.92
EPS Growth Rate
(Future 3Y To 5Y Estimate)
5.00%
Dividends per Share ($) 0.60 0.60
» More Articles for CIT

Headlines

Articles On GuruFocus.com
CIT Names Managing Director For Franchise Finance Division Jul 20 2017 
CIT Names Khanh T. Tran To Board Of Directors Jul 18 2017 
CIT Declares Quarterly Dividend Jul 17 2017 
CIT Provides $20 Million Financing to CTI Towers Jul 13 2017 
CIT to Announce Second Quarter 2017 Financial Results on Tuesday, July 25 Jul 13 2017 
CIT Bank Enters Into Strategic Partnership With Allstate Jul 10 2017 
CIT Announces $550 Million of Additional Capital Actions Jun 15 2017 
CIT Serves As Sole Lead Arranger For $140 Million Financing For Sunnova Energy Corporation Jun 13 2017 
CIT Serves As Sole Lead Arranger In $65 Million Financing For QMES LLC Jun 01 2017 
CIT Announces Final Results of Cash Tender Offer for its Common Stock May 31 2017 

More From Other Websites
CIT Group Inc. -- Moody's: CIT Group's funding and risk profile to evolve as banking operations... Jul 18 2017
CIT Names Khanh T. Tran To Board Of Directors Jul 18 2017
CIT Declares Quarterly Dividend Jul 17 2017
CIT Provides $20 Million Financing to CTI Towers Jul 13 2017
CIT to Announce Second Quarter 2017 Financial Results on Tuesday, July 25 Jul 13 2017
Allstate (ALL) Joins Forces with CIT Bank for New Offering Jul 11 2017
Joint venture by CIT Bank, Allstate, to provide business loans Jul 10 2017
CIT Bank Enters Into Strategic Partnership With Allstate Jul 10 2017
CIT Group Further Simplifies, To Sell European Rail Business Jul 03 2017
Germany's VTG buys NACCO for around 780 mln euros to expand fleet Jul 01 2017
CIT Announces Agreement to Sell its European Rail Business Jun 30 2017
CIT Group Receives Non-Objection to 2017 Capital Plan Jun 28 2017
Big Banks Pass Fed's "Stress Test": 3 Top Winners Jun 27 2017
Here's How to Play New Fed Stress Tests on the 34 Biggest U.S. Banks Jun 20 2017
CIT Group Stock Hits New 52-Week High: Can it Move Higher? Jun 19 2017
CIT Group Returns $550M Capital, Utilizes Buyback Authority Jun 16 2017
CIT enters $512 million stock buyback agreement with Morgan Stanley Jun 15 2017
CIT Announces $550 Million of Additional Capital Actions Jun 15 2017
CIT Serves As Sole Lead Arranger For $140 Million Financing For Sunnova Energy Corporation Jun 13 2017
Four members of iQ100 hitting all-time highs Jun 09 2017

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