Jonathan Lucas - CIT President - Commercial Services

President

Mr. Jonathan A. Lucas was President Commercial Services of the Company. effective January 31 2016. He was President Trade Finance of CIT Group Inc. effective July 2 2012 since 2014.
Age 52
Tenure 10 years
Phone212 461-5200
Webwww.cit.com
Lucas previously served since 2004 as Senior Vice President and since 1998 as Northeast Regional Manager for CIT Trade Finance and was responsible for client service and retention, business development and client credit quality. Before becoming Regional Manager in 1998, he was head of business development for the Northeast Region. Before joining CIT, Mr. Lucas was a Team Leader and Market Manager in Fleet Bank’s middle market lending group. He also spent five years with Chemical Bank, where he began his career and received credit training.

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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CIT Group Inc. operates as the holding company for CIT Bank, N.A. that provides banking and related services to commercial and individual customers. CIT Group Inc. was founded in 1908 and is based in New York, New York. Cit operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 3812 people. CIT Group (CIT) is traded on New York Stock Exchange in USA and employs 3,812 people.

Management Performance

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.

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 Goldman Sachs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goldman Sachs 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 Goldman Sachs - 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 Goldman Sachs Group to buy it.
The correlation of Goldman Sachs 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 Goldman Sachs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goldman Sachs Group 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 Goldman Sachs 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.
Pair CorrelationCorrelation Matching
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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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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