James Hudak - CIT President Commercial Finance
President
Mr. James L. Hudak is President CIT Commercial Finance of the CIT Group Inc. He has more than 25 years of experience in corporate and leverage banking, specifically targeting middlemarket companies. He has served in a number of capacities on the credit, underwriting and origination sides. Hudaks areas of expertise include private equity and MA trends, capital markets and trends and convergence in the media, information services and technology, entertainment and gaming, sports and communications sectors. In the mid1980s, Hudak started his career in a commercial real estate bank training program at Philadelphia National Bank. Hudak was soon working at Merrill Lynch, followed by Citibank, where he worked in the Leveraged Finance division, leading many middlemarket transactions. In 1991, he joined ATT Capital in its Capital Markets Division and focused on large project financings and leverage leases. He soon joined with a partner and cofounded ATT Capital Telecom Group, eventually augmenting it with media, entertainment and other technology sector capabilities. Over the years, Hudak successfully guided the group through several accretive acquisitions, including Nomura, Newcourt Capital, Tyco and CIT. For the past six years, Hudak has run the Corporationrationrate Finance Group at CIT, which comprises leading industry verticals in Aerospace Defense, Commercial Industrial, Communications, Media Entertainment, Energy and Healthcare. The group is dedicated to servicing the specialized financing and advisory needs of small and middlemarket companies in the U.S. and Canada. Hudak received a BA from Bucknell University and an MBA from Cornell University. He is a former officer in the U.S. Army and Army Reserves. since 2015.
| Age | 54 |
| Tenure | 9 years |
| Professional Marks | MBA |
| Phone | 212 461-5200 |
| Web | www.cit.com |
CIT Management Efficiency
The company has Return on Asset of 1.24 % which means that on every $100 spent on assets, it made $1.24 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 11.98 %, implying that it generated $11.98 on every 100 dollars invested. CIT's management efficiency ratios could be used to measure how well CIT manages its routine affairs as well as how well it operates its assets and liabilities.The company has 6.17 B in debt with debt to equity (D/E) ratio of 1.69, which is OK given its current industry classification. Debt can assist CIT until it has trouble settling it off, either with new capital or with free cash flow. So, CIT's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like CIT Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for CIT to invest in growth at high rates of return. When we think about CIT's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 11.98 | |||
| Return On Asset | 1.24 |
CIT Group Leadership Team
Elected by the shareholders, the CIT's board of directors comprises two types of representatives: CIT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CIT. The board's role is to monitor CIT's management team and ensure that shareholders' interests are well served. CIT's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CIT's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kenneth Brause, Executive Vice President Director | ||
| Edward Sperling, Executive Vice President Principal Accounting Officer, Corporate Controller | ||
| Michael Brosnan, Independent Director | ||
| Dorene Dominguez, Independent Director | ||
| Stuart Alderoty, Executive Vice President General Counsel, Corporate Secretary | ||
| James Duffy, Executive Vice President and Chief Human Resources Officer | ||
| Wahida Plummer, Executive Vice President, Chief Risk Officer | ||
| Sarah McAvoy, Corporate Treasurer | ||
| Kenneth McPhail, Executive Vice President and Chief Strategy Officer | ||
| Raymond Matsumoto, Executive Vice President and Chief Administrative Officer | ||
| George Cashman, President - CIT Rail | ||
| Jonathan Lucas, President - Commercial Services | ||
| James Hubbardh, Executive Vice President, General Counsel and Corporate Secretary | ||
| Stacey Goodman, Chief Information and Operations Officer and Executive VP | ||
| Alla Whitston, Chief Technology Officer | ||
| Khanh Tran, Independent Director | ||
| Gina Proia, Executive Vice President Chief Marketing and Communications Officer | ||
| Philip Robbins, President of Asset Management and Capital Markets | ||
| David Harnisch, President of Commercial Finance | ||
| Sheila Stamps, Independent Director | ||
| Matthew Galligan, President - CIT Real Estate Finance | ||
| Michael Carpenter, Independent Director | ||
| Heather Ellison, Senior Vice President and Head of the Retail Branch Banking channel | ||
| Jeff Lytle, President of Rail Business | ||
| Gerald Rosenfeld, Independent Director | ||
| Robert Rowe, Chief Risk Officer | ||
| Carol Hayles, CFO and Executive VP | ||
| E Hayles, CFO, Executive Vice President Controller | ||
| Robert Rubino, President of CIT Bank, N.A. and Head of Commercial Banking | ||
| Laura Unger, Independent Director | ||
| John Erickson, President of Consumer Banking and President California | ||
| William Freeman, Independent Director | ||
| John Ryan, Lead Independent Director | ||
| Margaret Tutwiler, Executive Vice President Head - Communications and Government Relations | ||
| Seymour Sternberg, Independent Director | ||
| R Oates, Independent Director | ||
| Robert Ingato, Executive Vice President General Counsel, Secretary | ||
| John Thain, Chairman and CEO | ||
| Kelley Morrell, Executive Vice President and Chief Strategy Officer | ||
| Steven Solk, President of Consumer Banking, President, California | ||
| Denise Menelly, Executive Vice President and Head of Technology and Operations | ||
| James Gifas, Head of Treasury Services | ||
| Andrew Brandman, Executive Vice President Chief Administrative Officer | ||
| Jeffrey Lytle, Senior Vice President, Rail Finance | ||
| James Hudak, President Commercial Finance | ||
| Ellen Alemany, Vice Chairman, Member of Audit Committee, Member of Regulatory Compliance Committee, CEO of CIT Bank, N.A. and President of CIT Bank, N. A., and Directors of CIT Bank, N.A. | ||
| Marisa Harney, Executive Vice President, Chief Credit Officer | ||
| Matsumoto Matsumoto, Executive Vice President and Chief Administrative Officer | ||
| Alan Frank, Independent Director | ||
| Bryan Allen, Chief Human Resource Officer, Executive Vice President | ||
| Peter Tobin, Independent Director | ||
| Jeffrey Knittel, President of Transportation and International Fin. | ||
| David Moffett, Independent Director | ||
| Brad Oates, Independent Director | ||
| Michael Jones, Managing Director - CIT Equipment Finance | ||
| John Oros, Director | ||
| Michael Embler, Independent Director | ||
| James Hubbard, Executive Vice President General Counsel and Corporate Secretary | ||
| Marc Heller, President - CIT Commercial Services | ||
| John Fawcett, Chief Financial Officer, Executive Vice President | ||
| Marianne Parrs, Independent Director | ||
| Barbara Callahan, Senior Vice President and Head of Investor Relations | ||
| Steven Mnuchin, Vice Chairman of the Board |
CIT Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is CIT a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 11.98 | |||
| Return On Asset | 1.24 | |||
| Profit Margin | 25.80 % | |||
| Operating Margin | 41.40 % | |||
| Current Valuation | 7.13 B | |||
| Shares Outstanding | 99.17 M | |||
| Shares Owned By Insiders | 1.09 % | |||
| Shares Owned By Institutions | 94.43 % | |||
| Number Of Shares Shorted | 5.72 M | |||
| Price To Earning | 7.78 X |
Pair Trading with CIT
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CIT position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CIT will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Microsoft could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microsoft when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Microsoft - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Microsoft to buy it.
The correlation of Microsoft is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microsoft moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microsoft moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Microsoft can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Consideration for investing in CIT Stock
If you are still planning to invest in CIT Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the CIT's history and understand the potential risks before investing.
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