CIT Group Financials

Based on the key indicators related to CIT's liquidity, profitability, solvency, and operating efficiency, CIT Group is not in a good financial situation at the moment. It has a very high risk of going through financial straits in April.
With this module, you can analyze CIT financials for your investing period. You should be able to track the changes in CIT individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past CIT Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of CIT's financial statements are interrelated, with each one affecting the others. For example, an increase in CIT's assets may result in an increase in income on the income statement.
Evaluating CIT's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of CIT's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the CIT's relative financial performance

Chance Of Distress

Over 100

 
100  
 
Zero
Dangerous
CIT Group has more than 100 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for CIT stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, CIT's odds of distress score SHOULD NOT be confused with the real chance of CIT Group filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as CIT is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include CIT's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
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The data published in CIT's official financial statements usually reflect CIT's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of CIT Group. For example, before you start analyzing numbers published by CIT accountants, it's critical to develop an understanding of what CIT's liquidity, profitability, and earnings quality are in the context of the Financial Services space in which it operates.
Please note, the presentation of CIT's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, CIT's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in CIT's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of CIT Group. Please utilize our Beneish M Score to check the likelihood of CIT's management manipulating its earnings.

CIT Company Summary

CIT competes with Alphatec Holdings, Ryanair Holdings, 51Talk Online, Old Dominion, and Visionary Education. 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.
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS1255818015
Business Address11 West 42nd
SectorFinancial Services
IndustryBanks—Regional
BenchmarkNYSE Composite
Websitewww.cit.com
Phone212 461 5200
CurrencyUSD - US Dollar
You should never invest in CIT without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of CIT Stock, because this is throwing your money away. Analyzing the key information contained in CIT's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

CIT Key Financial Ratios

Generally speaking, CIT's financial ratios allow both analysts and investors to convert raw data from CIT's financial statements into concise, actionable information that can be used to evaluate the performance of CIT over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that CIT Group reports annually and quarterly.

CIT Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining CIT's current stock value. Our valuation model uses many indicators to compare CIT value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CIT competition to find correlations between indicators driving CIT's intrinsic value. More Info.
CIT Group is number one stock in price to sales category among related companies. It is number one stock in profit margin category among related companies fabricating about  13.51  of Profit Margin per Price To Sales. . Comparative valuation analysis is a catch-all model that can be used if you cannot value CIT by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CIT's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CIT's earnings, one of the primary drivers of an investment's value.
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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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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