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CIT Group Inc. (CIT)

(Delayed Data from NYSE)

$53.35 USD

53.35
390,941

+0.35 (0.66%)

Updated May 3, 2019 04:02 PM ET

After-Market: $53.38 (%) 5:22 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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NA Value NA Growth NA Momentum NA VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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NA

Industry: NA

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Zacks News

Should Value Investors Pick CIT Group (CIT) Stock Now?

by Zacks Equity Research

Is CIT Group (CIT) a great pick from the value investor's perspective right now? Read on to know more.

CIT Group (CIT) Q1 Earnings Beat on Reserve Releases, Stock Down

by Zacks Equity Research

Provision benefit and decline in expenses support CIT Group's (CIT) Q1 earnings, while lower revenues hurt.

What Makes CIT Group (CIT) a Strong Momentum Stock: Buy Now?

by Zacks Equity Research

Does CIT Group (CIT) have what it takes to be a top stock pick for momentum investors? Let's find out.

LendingClub (LC) Q4 Loss In Line, Revenues & Costs Decline

by Zacks Equity Research

LendingClub (LC) witnesses a decline in revenues and expenses in the fourth quarter of 2020.

CIT Group (CIT) Q4 Earnings Beat on Higher Revenues, Stock Down

by Zacks Equity Research

CIT Group (CIT) witnesses improvement in revenues along with a rise in expenses in the fourth quarter of 2020.

Radhika Saraogi headshot

Finance Stocks' Q4 Earnings Due on Jan 26: AXP, NAVI & More

by Radhika Saraogi

Finance Stocks' Q4 earnings are expected to have gained from relatively higher usage of credit cards amid lower rates. Let's check how American Express (AXP), Navient (NAVI), CIT Group (CIT) and Capital One (COF) might have performed.

Priti Dhanuka headshot

Treasury Yields Climb on Brexit Trade Deal Hopes, Mixed Economic Data

by Priti Dhanuka

The Treasury yields hits high as mixed economic reports and indications of a Brexit trade deal perk up markets pushing financial stocks including BofA (BAC), Wells Fargo (WFC), JPMorgan (JPM), CIT Group (CIT), Invesco Mortgage (IVR), AG Mortgage (MITT) and MFA Financial (MFA).

Farmers & Merchants (FMAO) Buys Assets of Adams County Financial

by Zacks Equity Research

Farmers & Merchants' (FMAO) acquisition of assets of Adams County Financial will likely enhance its presence in the Northeastern Indiana region and aid growth in non-interest income next year.

Wells Fargo (WFC) Inks Deal to Divest Centurion Life Insurance

by Zacks Equity Research

Wells Fargo (WFC) continues to offload less profitable business in order to focus more on core operations and free-up capital for investment in risk management systems.

CIT (CIT) Up 74% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

CIT (CIT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

People's United Closes Divestiture of PUIA to AssuredPartners

by Zacks Equity Research

People's United (PBCT) concludes the sale of People's United Insurance Agency to AssuredPartners.

CIT Group (CIT) Stock Up on Q3 Earnings Beat, Merger Deal

by Zacks Equity Research

CIT Group (CIT) witnesses improvement in revenues along with a rise in provisions and expenses in the third quarter of 2020.

Company News for Oct 19, 2020

by Zacks Equity Research

Companies in the news are: CIT, ALLY, BMI, VLVLY

CIT Group (CIT) Q3 Earnings and Revenues Beat Estimates

by Zacks Equity Research

CIT (CIT) delivered earnings and revenue surprises of 500.00% and 11.53%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Analysts Estimate CIT Group (CIT) to Report a Decline in Earnings: What to Look Out for

by Zacks Equity Research

CIT (CIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CIT Group (CIT) Hurt by High Costs, Worsening Asset Quality

by Zacks Equity Research

Increasing costs and deteriorating credit quality are expected to hurt CIT Group's (CIT) profitability.

    People's United Arm to Divest PUIA in $120M All-Cash Deal

    by Zacks Equity Research

    People's United Financial's (PBCT) efforts to strengthen core banking operations are likely to support profitability in the quarters ahead.

    CIT Group Closes Divestiture of Wealth Management Business

    by Zacks Equity Research

    CIT Group's (CIT) efforts to strengthen core banking operations are likely to support profitability in the quarters ahead.

    Why Is CIT (CIT) Up 4.6% Since Last Earnings Report?

    by Zacks Equity Research

    CIT (CIT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

    Sallie Mae (SLM) Reports Loss in Q2 as Provisions Increase

    by Zacks Equity Research

    Sallie Mae's (SLM) Q2 results reflect lower interest income and rise in expenses, partially offset by higher fee income.

    CIT Group (CIT) Records Loss in Q2, Provisions & Costs Rise

    by Zacks Equity Research

    CIT Group (CIT) witnesses significantly higher provisions and lower revenues in the second quarter of 2020.

    CIT Group (CIT) Reports Q2 Loss, Lags Revenue Estimates

    by Zacks Equity Research

    CIT (CIT) delivered earnings and revenue surprises of 1.59% and -7.01%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

    Analysts Estimate CIT Group (CIT) to Report a Decline in Earnings: What to Look Out for

    by Zacks Equity Research

    CIT (CIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

    Why Is CIT (CIT) Down 6.4% Since Last Earnings Report?

    by Zacks Equity Research

    CIT (CIT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

    Commerce Bancshares (CBSH) Stock Up 3% Despite Q1 Earnings Lag

    by Zacks Equity Research

    Commerce Bancshares (CBSH) records significantly higher provisions in the first quarter of 2020. Also, the company witnesses an increase in expenses.