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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 : 3/10

vs
industry
vs
history
Cash-to-Debt 0.60
CIT's Cash-to-Debt is ranked lower than
71% of the 1639 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.05 vs. CIT: 0.60 )
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: 0.6
Current: 0.6
0.04
0.6
Equity-to-Asset 0.14
CIT's Equity-to-Asset is ranked higher than
78% of the 1624 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. CIT: 0.14 )
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: 0.14
0.07
0.2
Debt-to-Equity 1.23
CIT's Debt-to-Equity is ranked lower than
76% of the 1247 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.63 vs. CIT: 1.23 )
Ranked among companies with meaningful Debt-to-Equity only.
CIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.23  Med: 5.11 Max: 11.8
Current: 1.23
1.23
11.8
Debt-to-EBITDA 47.09
CIT's Debt-to-EBITDA is ranked lower than
97% of the 1255 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.03 vs. CIT: 47.09 )
Ranked among companies with meaningful Debt-to-EBITDA only.
CIT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.48  Med: 18.79 Max: 201.51
Current: 47.09
-16.48
201.51
Beneish M-Score: -3.19
WACC vs ROIC
-4.47%
-2.18%
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 : 4/10

vs
industry
vs
history
Operating Margin % -17.54
CIT's Operating Margin % is ranked lower than
95% of the 1650 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 32.07 vs. CIT: -17.54 )
Ranked among companies with meaningful Operating Margin % only.
CIT' s Operating Margin % Range Over the Past 10 Years
Min: -309.57  Med: 4.79 Max: 29.69
Current: -17.54
-309.57
29.69
Net Margin % -37.43
CIT's Net Margin % is ranked lower than
97% of the 1650 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.99 vs. CIT: -37.43 )
Ranked among companies with meaningful Net Margin % only.
CIT' s Net Margin % Range Over the Past 10 Years
Min: -94.6  Med: 7.32 Max: 67.66
Current: -37.43
-94.6
67.66
ROE % -6.78
CIT's ROE % is ranked lower than
95% of the 1653 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.60 vs. CIT: -6.78 )
Ranked among companies with meaningful ROE % only.
CIT' s ROE % Range Over the Past 10 Years
Min: -37.97  Med: 0.06 Max: 12.5
Current: -6.78
-37.97
12.5
ROA % -1.08
CIT's ROA % is ranked lower than
96% of the 1657 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.90 vs. CIT: -1.08 )
Ranked among companies with meaningful ROA % only.
CIT' s ROA % Range Over the Past 10 Years
Min: -3.27  Med: 0.15 Max: 2.36
Current: -1.08
-3.27
2.36
3-Year Revenue Growth Rate -1.80
CIT's 3-Year Revenue Growth Rate is ranked lower than
78% of the 1479 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.20 vs. CIT: -1.80 )
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: -2.7 Max: 23.1
Current: -1.8
-45
23.1
3-Year EBITDA Growth Rate -20.60
CIT's 3-Year EBITDA Growth Rate is ranked lower than
92% of the 1396 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.90 vs. CIT: -20.60 )
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: 3.6 Max: 53.5
Current: -20.6
-51.3
53.5
GuruFocus has detected 6 Warning Signs with CIT Group Inc CIT.
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» CIT's 30-Y Financials

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


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

» Details

Guru Trades

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

Howard Marks 340,600 sh (New)
NWQ Managers 77,300 sh (unchged)
Jim Simons Sold Out
Arnold Schneider Sold Out
Steven Cohen Sold Out
NWQ Managers 4,089,560 sh (-3.79%)
Michael Price 455,000 sh (-13.00%)
HOTCHKIS & WILEY 3,368,197 sh (-15.91%)
Steven Romick 9,091,855 sh (-17.72%)
First Pacific Advisors 10,944,251 sh (-18.05%)
» More
Q3 2017

CIT Guru Trades in Q3 2017

Steven Romick 8,913,170 sh (-1.97%)
» 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
NWQ Managers 2017-06-30 Reduce -3.79%0.09%$42.46 - $48.72 $ 49.428%4,089,560
HOTCHKIS & WILEY 2017-06-30 Reduce -15.91%0.11%$42.46 - $48.72 $ 49.428%3,368,197
Michael Price 2017-06-30 Reduce -13.00%0.36%$42.46 - $48.72 $ 49.428%455,000
Arnold Schneider 2017-06-30 Sold Out 1.45%$42.46 - $48.72 $ 49.428%0
NWQ Managers 2017-03-31 Add 0.67%0.02%$40.21 - $43.93 $ 49.4217%4,250,745
HOTCHKIS & WILEY 2017-03-31 Add 61.66%0.26%$40.21 - $43.93 $ 49.4217%4,005,621
Arnold Schneider 2017-03-31 Add 321.12%1.11%$40.21 - $43.93 $ 49.4217%202,004
NWQ Managers 2016-12-31 Reduce -1.56%0.04%$35.25 - $43.85 $ 49.4225%4,222,590
HOTCHKIS & WILEY 2016-12-31 Add 16.44%0.06%$35.25 - $43.85 $ 49.4225%2,477,871
Michael Price 2016-12-31 Add 0.58%0.02%$35.25 - $43.85 $ 49.4225%523,000
Keeley Asset Management Corp 2016-12-31 Add 0.18%$35.25 - $43.85 $ 49.4225%57,625
Arnold Schneider 2016-12-31 New Buy0.35%$35.25 - $43.85 $ 49.4225%47,968
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:OTCPK:CYHT, XPTY:BGFG, NAS:SBNY, NAS:PBCT, NAS:PACW, NAS:OZRK, NYSE:CFR, NAS:CBSH, NAS:BOKF, NYSE:SNV, NYSE:WAL, NAS:PNFP, NYSE:WBS, NAS:TFSL, NYSE:FNB, NYSE:PB, NYSE:FHN, NAS:FCNCA, 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 12.48
CIT's Forward PE Ratio is ranked higher than
71% of the 372 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.77 vs. CIT: 12.48 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 1.08
CIT's PB Ratio is ranked higher than
60% of the 1636 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.22 vs. CIT: 1.08 )
Ranked among companies with meaningful PB Ratio only.
CIT' s PB Ratio Range Over the Past 10 Years
Min: 0.01  Med: 0.92 Max: 1.19
Current: 1.08
0.01
1.19
PS Ratio 5.38
CIT's PS Ratio is ranked lower than
79% of the 1598 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.44 vs. CIT: 5.38 )
Ranked among companies with meaningful PS Ratio only.
CIT' s PS Ratio Range Over the Past 10 Years
Min: 0.07  Med: 4.13 Max: 10.9
Current: 5.38
0.07
10.9
Price-to-Free-Cash-Flow 308.88
CIT's Price-to-Free-Cash-Flow is ranked lower than
99% of the 890 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.78 vs. CIT: 308.88 )
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: 16.71  Med: 27.52 Max: 313.5
Current: 308.88
16.71
313.5
Price-to-Operating-Cash-Flow 6.31
CIT's Price-to-Operating-Cash-Flow is ranked higher than
66% of the 957 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.35 vs. CIT: 6.31 )
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: 0.05  Med: 7.32 Max: 16.77
Current: 6.31
0.05
16.77
EV-to-EBIT -33.36
CIT's EV-to-EBIT is ranked lower than
99.99% of the 1255 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.71 vs. CIT: -33.36 )
Ranked among companies with meaningful EV-to-EBIT only.
CIT' s EV-to-EBIT Range Over the Past 10 Years
Min: -146.6  Med: 35.55 Max: 232.4
Current: -33.36
-146.6
232.4
EV-to-EBITDA 57.40
CIT's EV-to-EBITDA is ranked lower than
95% of the 1254 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.38 vs. CIT: 57.40 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -146.6  Med: 17.5 Max: 70.4
Current: 57.4
-146.6
70.4
EV-to-Revenue 5.84
CIT's EV-to-Revenue is ranked lower than
67% of the 1293 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.22 vs. CIT: 5.84 )
Ranked among companies with meaningful EV-to-Revenue only.
CIT' s EV-to-Revenue Range Over the Past 10 Years
Min: 6.6  Med: 11.7 Max: 37.6
Current: 5.84
6.6
37.6

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.21
CIT's Dividend Yield % is ranked lower than
82% of the 2337 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.62 vs. CIT: 1.21 )
Ranked among companies with meaningful Dividend Yield % only.
CIT' s Dividend Yield % Range Over the Past 10 Years
Min: 0.19  Med: 1.28 Max: 2.26
Current: 1.21
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 820 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.50 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 % 1.28
CIT's Forward Dividend Yield % is ranked lower than
86% of the 2240 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.79 vs. CIT: 1.28 )
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
86% of the 2723 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.29 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: 1.28 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
61% of the 1129 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.20 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 1.20
CIT's Price-to-Tangible-Book is ranked higher than
55% of the 1630 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.30 vs. CIT: 1.20 )
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: 1.22
Current: 1.2
0.64
1.22
Price-to-Median-PS-Value 1.31
CIT's Price-to-Median-PS-Value is ranked lower than
66% of the 1469 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.16 vs. CIT: 1.31 )
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: 0.64  Med: 0.99 Max: 2.07
Current: 1.31
0.64
2.07
Earnings Yield (Greenblatt) % -3.00
CIT's Earnings Yield (Greenblatt) % is ranked lower than
79% of the 1657 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.51 vs. CIT: -3.00 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
CIT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -11.9  Med: 0.8 Max: 3.7
Current: -3
-11.9
3.7
Forward Rate of Return (Yacktman) % -31.61
CIT's Forward Rate of Return (Yacktman) % is ranked lower than
96% of the 981 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.33 vs. CIT: -31.61 )
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: -1689.6  Med: -13.2 Max: 20.4
Current: -31.61
-1689.6
20.4

More Statistics

Revenue (TTM) (Mil) $1,796.60
EPS (TTM) $ -3.28
Beta1.64
Short Percentage of Float4.76%
52-Week Range $35.14 - 50.40
Shares Outstanding (Mil)135.43

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,948 1,979 1,988
EPS ($) 3.40 4.00 4.03
EPS without NRI ($) 3.40 4.00 4.03
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.64

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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