Pretax income is the income that a company earns before paying income taxes. CIT Group's pretax income for the
three
months ended in Sep. 2021 was $231 Mil.
Its pretax income for the trailing twelve months (TTM) ended in Sep. 2021 was $966 Mil.
CIT Group's pretax margin was 42.23%.
During the past 13 years, CIT Group's highest Pretax Margin was 40.10%. The lowest was -33.46%. And the median was 9.36%.
CIT Group Pre-Tax Income Historical Data
The historical data trend for CIT Group's Pre-Tax Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of CIT Group's Pre-Tax Income
For the Banks - Regional subindustry, CIT Group's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CIT Group's Pre-Tax Income Distribution in the Banks Industry
For the Banks industry and Financial Services sector, CIT Group's Pre-Tax Income distribution charts can be found below:
* The bar in red indicates where CIT Group's Pre-Tax Income falls into.
CIT Group Pre-Tax Income Calculation
This is the income that a company earns before paying income taxes.
CIT Group's Pretax Income for the fiscal year that ended in Dec. 2020 is calculated as
Pre-Tax Income for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $966 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CIT Group (NYSE:CIT) Pre-Tax Income Explanation
CIT Group's Pretax Margin for the quarter that ended in Sep. 2021 is calculated as
During the past 13 years, CIT Group's highest Pretax Margin was 40.10%. The lowest was -33.46%. And the median was 9.36%.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CIT Group Pre-Tax Income Related Terms
Thank you for viewing the detailed overview of CIT Group's Pre-Tax Income provided by GuruFocus.com. Please click on the following links to see related term pages.
CIT Group Inc 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.
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