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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 0.19
NYSE:CIT's Cash-to-Debt is ranked lower than
89% of the 1615 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.12 vs. NYSE:CIT: 0.19 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:CIT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06  Med: 0.21 Max: 0.45
Current: 0.19
0.06
0.45
Equity-to-Asset 0.15
NYSE:CIT's Equity-to-Asset is ranked higher than
78% of the 1617 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.11 vs. NYSE:CIT: 0.15 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:CIT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08  Med: 0.14 Max: 0.2
Current: 0.15
0.08
0.2
Debt-to-Equity 1.23
NYSE:CIT's Debt-to-Equity is ranked lower than
77% of the 1231 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.63 vs. NYSE:CIT: 1.23 )
Ranked among companies with meaningful Debt-to-Equity only.
NYSE:CIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.23  Med: 4.54 Max: 10.21
Current: 1.23
1.23
10.21
Debt-to-EBITDA 15.36
NYSE:CIT's Debt-to-EBITDA is ranked lower than
83% of the 1243 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.24 vs. NYSE:CIT: 15.36 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NYSE:CIT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.48  Med: 16.11 Max: 201.51
Current: 15.36
-16.48
201.51
Interest Coverage 0.27
NYSE:CIT's Interest Coverage is ranked lower than
92% of the 1556 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.61 vs. NYSE:CIT: 0.27 )
Ranked among companies with meaningful Interest Coverage only.
NYSE:CIT' s Interest Coverage Range Over the Past 10 Years
Min: 0.03  Med: 0.25 Max: 0.69
Current: 0.27
0.03
0.69
Beneish M-Score: -2.77
WACC vs ROIC
-10.29%
1.71%
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 % 7.70
NYSE:CIT's Operating Margin % is ranked lower than
90% of the 1631 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 32.81 vs. NYSE:CIT: 7.70 )
Ranked among companies with meaningful Operating Margin % only.
NYSE:CIT' s Operating Margin % Range Over the Past 10 Years
Min: -309.57  Med: 8.19 Max: 28.27
Current: 7.7
-309.57
28.27
Net Margin % 18.82
NYSE:CIT's Net Margin % is ranked lower than
62% of the 1630 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.23 vs. NYSE:CIT: 18.82 )
Ranked among companies with meaningful Net Margin % only.
NYSE:CIT' s Net Margin % Range Over the Past 10 Years
Min: -94.6  Med: 14.9 Max: 64.49
Current: 18.82
-94.6
64.49
ROE % 5.42
NYSE:CIT's ROE % is ranked lower than
71% of the 1631 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.44 vs. NYSE:CIT: 5.42 )
Ranked among companies with meaningful ROE % only.
NYSE:CIT' s ROE % Range Over the Past 10 Years
Min: -37.97  Med: 2.73 Max: 12.5
Current: 5.42
-37.97
12.5
ROA % 0.85
NYSE:CIT's ROA % is ranked lower than
52% of the 1634 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.87 vs. NYSE:CIT: 0.85 )
Ranked among companies with meaningful ROA % only.
NYSE:CIT' s ROA % Range Over the Past 10 Years
Min: -3.27  Med: 0.55 Max: 2.36
Current: 0.85
-3.27
2.36
3-Year Revenue Growth Rate 18.40
NYSE:CIT's 3-Year Revenue Growth Rate is ranked higher than
91% of the 1453 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.40 vs. NYSE:CIT: 18.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:CIT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -45  Med: -3.4 Max: 26.8
Current: 18.4
-45
26.8
3-Year EBITDA Growth Rate -17.90
NYSE:CIT's 3-Year EBITDA Growth Rate is ranked lower than
93% of the 1376 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 vs. NYSE:CIT: -17.90 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NYSE:CIT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -17.9 Max: 53.5
Current: -17.9
0
53.5
3-Year EPS without NRI Growth Rate -24.80
NYSE:CIT's 3-Year EPS without NRI Growth Rate is ranked lower than
93% of the 1339 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.60 vs. NYSE:CIT: -24.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NYSE:CIT' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -543.9 Max: 270.8
Current: -24.8
0
270.8
GuruFocus has detected 4 Warning Signs with CIT Group Inc NYSE:CIT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:CIT's 30-Y Financials

Financials (Next Earnings Date: 2018-04-25)


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

» Details

Guru Trades

Q2 2017

CIT Guru Trades in Q2 2017

Howard Marks 340,600 sh (New)
NWQ Managers 77,300 sh (unchged)
Arnold Schneider Sold Out
Jim Simons 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

Paul Tudor Jones 17,487 sh (New)
Caxton Associates 11,500 sh (New)
Michael Price 540,000 sh (+18.68%)
First Pacific Advisors 10,787,084 sh (-1.44%)
Steven Romick 8,913,170 sh (-1.97%)
HOTCHKIS & WILEY 3,281,697 sh (-2.57%)
NWQ Managers 3,585,509 sh (-12.33%)
Howard Marks 100,000 sh (-70.64%)
» More
Q4 2017

CIT Guru Trades in Q4 2017

Pioneer Investments 175,513 sh (New)
Jim Simons 426,300 sh (New)
Michael Price 545,000 sh (+0.93%)
First Pacific Advisors 10,824,256 sh (+0.34%)
Steven Romick 8,913,170 sh (unchged)
Howard Marks Sold Out
Caxton Associates Sold Out
NWQ Managers 3,511,743 sh (-2.06%)
HOTCHKIS & WILEY 3,128,470 sh (-4.67%)
Paul Tudor Jones 15,526 sh (-11.21%)
» More
Q1 2018

CIT Guru Trades in Q1 2018

Steven Romick 7,771,771 sh (-12.81%)
» 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 2017-12-31 Reduce -2.06%0.05%$44.69 - $51.51 $ 52.979%3,511,743
HOTCHKIS & WILEY 2017-12-31 Reduce -4.67%0.03%$44.69 - $51.51 $ 52.979%3,128,470
Michael Price 2017-12-31 Add 0.93%0.03%$44.69 - $51.51 $ 52.979%545,000
NWQ Managers 2017-09-30 Reduce -12.33%0.34%$43.3 - $50.16 $ 52.9713%3,585,509
HOTCHKIS & WILEY 2017-09-30 Reduce -2.57%0.02%$43.3 - $50.16 $ 52.9713%3,281,697
Michael Price 2017-09-30 Add 18.68%0.58%$43.3 - $50.16 $ 52.9713%540,000
NWQ Managers 2017-06-30 Reduce -3.79%0.09%$42.46 - $48.72 $ 52.9715%4,089,560
HOTCHKIS & WILEY 2017-06-30 Reduce -15.91%0.11%$42.46 - $48.72 $ 52.9715%3,368,197
Michael Price 2017-06-30 Reduce -13.00%0.36%$42.46 - $48.72 $ 52.9715%455,000
Arnold Schneider 2017-06-30 Sold Out 1.45%$42.46 - $48.72 $ 52.9715%0
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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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:NYSE:CFR, NAS:PBCT, NAS:BOKF, NAS:CBSH, NAS:PACW, XPTY:BGFG, NYSE:FHN, NAS:OZRK, NYSE:WAL, NYSE:SNV, NAS:SBNY, NYSE:STL, NYSE:PB, NYSE:WBS, NAS:FCNCA, NAS:PNFP, NAS:UMPQ, NAS:WTFC, XPTY:EGIN, NAS:TCBI » details
Traded in other countries:QIT1.Germany,
Headquarter Location:USA
CIT Group Inc is a banking corporation provides financing, leasing and advisory services to middle-market companies in a diverse group of industries. The group offers retail banking through its subsidiary. It also syndicates and sells finance receivables.

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
PE Ratio 18.00
CIT's PE Ratio is ranked lower than
64% of the 1497 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.27 vs. CIT: 18.00 )
Ranked among companies with meaningful PE Ratio only.
CIT' s PE Ratio Range Over the Past 10 Years
Min: 3.77  Med: 13.64 Max: 595
Current: 18
3.77
595
Forward PE Ratio 12.92
CIT's Forward PE Ratio is ranked higher than
62% of the 443 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.87 vs. CIT: 12.92 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 29.45
CIT's PE Ratio without NRI is ranked lower than
87% of the 1499 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.29 vs. CIT: 29.45 )
Ranked among companies with meaningful PE Ratio without NRI only.
CIT' s PE Ratio without NRI Range Over the Past 10 Years
Min: 3.77  Med: 15.35 Max: 2059.5
Current: 29.45
3.77
2059.5
PB Ratio 1.02
CIT's PB Ratio is ranked higher than
58% of the 1612 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.24 vs. CIT: 1.02 )
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: 1.02
0.01
1.19
PS Ratio 3.38
CIT's PS Ratio is ranked higher than
51% of the 1570 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.56 vs. CIT: 3.38 )
Ranked among companies with meaningful PS Ratio only.
CIT' s PS Ratio Range Over the Past 10 Years
Min: 0.07  Med: 3.78 Max: 10.9
Current: 3.38
0.07
10.9
Price-to-Operating-Cash-Flow 16.24
CIT's Price-to-Operating-Cash-Flow is ranked lower than
77% of the 960 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.67 vs. CIT: 16.24 )
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: 7.63 Max: 16.95
Current: 16.24
0.05
16.95
EV-to-EBIT 75.31
CIT's EV-to-EBIT is ranked lower than
96% of the 1245 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 13.08 vs. CIT: 75.31 )
Ranked among companies with meaningful EV-to-EBIT only.
CIT' s EV-to-EBIT Range Over the Past 10 Years
Min: -91.7  Med: 66.45 Max: 830.6
Current: 75.31
-91.7
830.6
EV-to-EBITDA 24.69
CIT's EV-to-EBITDA is ranked lower than
85% of the 1253 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.01 vs. CIT: 24.69 )
Ranked among companies with meaningful EV-to-EBITDA only.
CIT' s EV-to-EBITDA Range Over the Past 10 Years
Min: -146.6  Med: 17.7 Max: 62.5
Current: 24.69
-146.6
62.5
EV-to-Revenue 5.85
CIT's EV-to-Revenue is ranked lower than
69% of the 1276 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 4.24 vs. CIT: 5.85 )
Ranked among companies with meaningful EV-to-Revenue only.
CIT' s EV-to-Revenue Range Over the Past 10 Years
Min: 5.3  Med: 10.75 Max: 37.6
Current: 5.85
5.3
37.6
Shiller PE Ratio 286.80
CIT's Shiller PE Ratio is ranked lower than
99% of the 520 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 21.59 vs. CIT: 286.80 )
Ranked among companies with meaningful Shiller PE Ratio only.
CIT' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.1  Med: 65.48 Max: 356.5
Current: 286.8
9.1
356.5

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.17
CIT's Dividend Yield % is ranked lower than
82% of the 2465 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.51 vs. CIT: 1.17 )
Ranked among companies with meaningful Dividend Yield % only.
CIT' s Dividend Yield % Range Over the Past 10 Years
Min: 0.19  Med: 1.26 Max: 2.26
Current: 1.17
0.19
2.26
Dividend Payout Ratio 0.40
CIT's Dividend Payout Ratio is ranked lower than
59% of the 1418 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.34 vs. CIT: 0.40 )
Ranked among companies with meaningful Dividend Payout Ratio only.
CIT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.03  Med: 0.15 Max: 0.4
Current: 0.4
0.03
0.4
3-Year Dividend Growth Rate 6.90
CIT's 3-Year Dividend Growth Rate is ranked higher than
52% of the 836 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.30 vs. CIT: 6.90 )
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: 6.9
0
81.7
Forward Dividend Yield % 1.21
CIT's Forward Dividend Yield % is ranked lower than
86% of the 2426 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.75 vs. CIT: 1.21 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 1.17
CIT's 5-Year Yield-on-Cost % is ranked lower than
88% of the 2826 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.25 vs. CIT: 1.17 )
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: 1.26 Max: 2.26
Current: 1.17
0.19
2.26
3-Year Average Share Buyback Ratio 10.10
CIT's 3-Year Average Share Buyback Ratio is ranked higher than
99% of the 1082 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.20 vs. CIT: 10.10 )
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: 0.5 Max: 11.1
Current: 10.1
-12.6
11.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.07
CIT's Price-to-Tangible-Book is ranked higher than
58% of the 1603 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.33 vs. CIT: 1.07 )
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: 0.98 Max: 1.21
Current: 1.07
0.7
1.21
Price-to-Median-PS-Value 0.89
CIT's Price-to-Median-PS-Value is ranked higher than
78% of the 1419 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. CIT: 0.89 )
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: 0.76  Med: 1.01 Max: 2.19
Current: 0.89
0.76
2.19
Price-to-Graham-Number 1.18
CIT's Price-to-Graham-Number is ranked lower than
75% of the 1378 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.99 vs. CIT: 1.18 )
Ranked among companies with meaningful Price-to-Graham-Number only.
CIT' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.61  Med: 0.95 Max: 4.27
Current: 1.18
0.61
4.27
Earnings Yield (Greenblatt) % 1.34
CIT's Earnings Yield (Greenblatt) % is ranked lower than
73% of the 1635 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.52 vs. CIT: 1.34 )
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: 1.34
-11.9
3.7
Forward Rate of Return (Yacktman) % -30.83
CIT's Forward Rate of Return (Yacktman) % is ranked lower than
96% of the 1023 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.40 vs. CIT: -30.83 )
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: -13.45 Max: 8.6
Current: -30.83
-1689.6
8.6

More Statistics

Revenue (TTM) (Mil) $2,487.80
EPS (TTM) $ 2.94
Beta1.35
Volatility19.24%
52-Week Range $43.25 - 56.14
Shares Outstanding (Mil)130.77

Analyst Estimate

Dec18 Dec19
Revenue (Mil $) 1,932 1,941
EBIT (Mil $)
EBITDA (Mil $)
EPS ($) 4.46 5.01
EPS without NRI ($) 4.46 5.01
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)

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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