Cit Group New: (NYSE: CIT)

$45.39

0.55 (1.23%)

Volume 253,999

May 22 11:13 AM ET

Zacks Rank: 3-Hold

Zacks Rank	Definition	Annualized Return
#1	Strong Buy	26.6%
#2	Buy	18.71%
#3	Hold	10.12%
#4	Sell	4.32%
#5	Strong Sell	2.16%
S&P	500	9.93%

Overview Quote

            Stock Activity
        
		Day Low - High
		44.82 - 45.49
	
		52wk Low - High
		32.29 - 45.49
	
		Previous Close
		44.84
	
		Avg. Volume
		1,002,876
	
		Industry
		FIN-MISC SVCS
	
		Market Cap
		9.02 B
	
		Div - Yield
		0.00 - 0.00
	
		Beta
		0.59
	
		PE (Forward)
		12.49
	
		Current Year Est.
		3.59
	
		Quarterly Earnings ESP 
		0.00%
	
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

                Premium research
            
		Zacks Rank  Short-Term: 1-3 Months
                                                                
                                                                Zacks #1 Rank Strong Buys
                                                                
                                                            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
                                                                    
                                                                        #1
                                                                        Strong Buy
                                                                        26.6%
                                                                    
                                                                        #2
                                                                        Buy
                                                                        18.71%
                                                                    
                                                                        #3
                                                                        Hold
                                                                        10.12%
                                                                    
                                                                        #4
                                                                        Sell
                                                                        4.32%
                                                                    
                                                                        #5
                                                                        Strong Sell
                                                                        2.16%
                                                                    
                                                                        S&P
                                                                        500
                                                                        9.93%
                                                                    
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
                                                        
		3
Hold

		Zacks Recommendation  Long-Term: 6+ Months
                                                                
                                                                All Outperform Rated Stocks
                                                                
                                                            Zacks Recommendations are an excellent predictor of stock price movement over a 6+ month time frame. The recommendations come from the Zacks Equity Research group which combines the Zacks Rank with the insights from their team of over 50 equity analysts. The result is superior long term stock ratings.
The Zacks Recommendations are split into 3 groups: Buy, Hold and Sell. Our Buy recommendations have generated returns of 34.4% in 2006, and 16.69% in 2007. When Zacks Premium members click on the recommendation it will launch them to the Zacks Equity Research report for the stock.    More on these reports below.

                                                                    Difference Between Zacks Rank and Zacks Recommendation

                                                                    Zacks Equity Research Home
Zacks Premium - The only way to get access to Zacks Recommendations
                                                                
		Neutral
	
		Zacks Industry Rank Which industries are set to outperform or underperform the market? You'll find the answer here. We have broken down all industries into over 200 classifications. Then ranked these industries using the most powerful indicator we know (the Zacks Rank). The higher the industry rank, the better the industry should perform in the future. Once you have found an attractive industry then check out the Rank in Industry to find the best stocks within the industry.
When Zacks Premium members click on the Zacks Industry Rank link they will see the full listing of industries and their current rankings.

                                                                About Zacks Industry Rank

                                                                Zacks Industry Rank - All current industry ranks. 

                                                                Zacks Premium - The only way to get access to the Zacks Industry Rank
                                                            
		80 out of 265
	
		Equity Research Report The Zacks Recommendations and Zacks Target Prices are just two of the valuable resources you'll find in the reports created by the Zacks Equity Research group. When Zacks Premium members click on this link they will taken to a page that gives them access to the Zacks Equity Research report for the stock.

                                        Zacks Equity Research Home
                                        Zacks Premium - The only way to get access to Zacks Recommendations
                                    
Updated as of 04/24/2013

		PREMIUM
	
    (  = Change in last 30 days) 
Get all our stock ratings and recommendations with a Free Trial to Zacks Premium Start Free Trial 
Zacks Premium Home | Zacks Rank Stock Education

                Key Earnings Data
            
                            PE (Forward)
                            12.49
                        
                            PEG Ratio
                            1.25
                        
                            Current Year Est.
                            3.59
                        
                            Current Quarter Estimate
                            0.91
                        
                            Most Accurate Estimate
                            0.91
                        
                            Earnings ESP 
                            0.00%
                        
                            Next Earnings Report Date
                            08-05-2013
                        
                            EPS Last Year
                            -0.03
                        
                            Expected Earnings Growth
                            10.00%
                        
Earnings ESP (Expected Surprise Prediction) is Zacks' proprietary methodology for determining which stocks have the best chance to surprise with their next earnings announcement. The Earnings ESP shows the percentage difference between the Most Accurate Estimate and the Consensus.

            Company Description
        
CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Covering a wide variety of industries, the Company offers vendor, equipment, commercial, and structured financing products, as well as factoring and management advisory services. CIT operates CIT Bank, a full service Utah state bank, which is regulated by the Utah Department of Financial Institutions and the FDIC. CIT Group operates primarily in North America, with locations in Europe, Latin America, Australia and the Asia-Pacific region. The Company is headquartered in New York City.   
Full CIT Company Report

        
NYSE data is at least 20 minutes delayed.
NASDAQ data is at least 15 minutes delayed.

            Interactive Java Charting | Fundamental Charts
        
            <a href="#"><img id="dart_image_1" src="http://b7d61a7c6b8c307bf531-a92a66b9587e2a0aa805bd4e70b98407.r95.cf2.rackcdn.com/images/zacks/logos/zacks_logo_230x76.png" width="336" height="280" border="0" alt="" /></a>        
Turn Earnings Surprises into quick profits.
 
CIT Chart  by YCharts

Earnings Estimates

	Current Qtr (06/2013)	Next Qtr (09/2013)	Current Year (12/2013)	Next Year (12/2014)
Average Estimate	0.91	0.91	3.59	3.86
Number of Estimates	9	8	9	8
Low Estimate	0.80	0.84	3.40	3.47
High Estimate	0.97	0.96	3.75	NA
Year Ago EPS	-0.35	-1.52	-2.95	3.59
EPS Growth	358.73%	160.03%	221.66%	7.48%

More CIT Estimates

Average Earnings Estimates for CIT

EPS Growth for CIT

Industry Analysis

Name	Symbol	Previous Close
CIT GROUP	CIT	44.84
FLEETCOR TECH	FLT	84.01
DAIWA SEC GP JP	DSEEY	9.82
EURONET WORLDWD	EEFT	32.38
FINANCIAL ENGIN	FNGN	43.59
GRUPO FIN BANOR	GBOOY	36.03
MOODYS CORP	MCO	68.62
SS&C TECHNOLOGS	SSNC	31.92
AMER EXPRESS CO	AXP	75.11
APOLLO RES MTGE	AMTG	20.85

Sector:Finance>> Industry:FIN-MISC SVCS

COMPARE TICKER vs. Its Peers

Zacks Commentary

CIT Lags on Earnings and Revenues

Apr 23, 2013

CIT Group Reiterated at Neutral

Mar 19, 2013

Moody's Corp Upgraded to Outperform

Mar 15, 2013

Euronet Worldwide Beats, Lags Y/Y

Feb 14, 2013

CIT's EPS Beats, Revenues Jump

Jan 29, 2013

The Zacks Analyst Blog Highlights: CIT Group, HCA Holdings, SLM Corp., iShares iBoxx $ High Yield Corporate Bd and SPDR Barclays High Yield Bond

Jan 22, 2013

Is the Party Over for Junk Bonds?

Jan 21, 2013

CIT Group to Buy Loan Portfolio

Jan 04, 2013

More CIT Zacks Commentary

Financials

EPS TTM	-0.03
Sales	4,007
Net Income	-6
Price/Earnings	NA
Price/Book	1.06
Price/Cash Flow	6.46
Price/Sales	2.40

More CIT Financials

News

Howard Marks Gains 133% on Eagle Sell, Four Reduced in First Quarter - GuruFocus

May 22, 2013

CIT to Present at the 2013 Credit Summit for Fixed Income Investors on May 29, 2013 - Businesswire

May 20, 2013

Middle Market Healthcare Executives Expect Growth Through Acquisitions and Investment - Businesswire

May 20, 2013

Potential CIT Group (CIT) Trade Targets 15.77% Return - Freshbrewedmedia

May 20, 2013

Shares of CIT Group Rise to a New 52-Week High - Financial News Netwfork Online - 52-Week High-Lows

May 20, 2013

Potential CIT Group (CIT) Trade Has $42.03 Breakeven - Freshbrewedmedia

May 14, 2013

Deutsche Bank, Morgan Stanley, Other Banks In Bases - Investors Business Daily

May 10, 2013

CIT Provides $20 Million Financing to Mesilla Valley Transportation - Businesswire

May 8, 2013

See All News Stories on CIT

Broker Recommendations

Current ABR	2.00
ABR (Last Week)	2.00
# of recs in ABR	12
Average Target Price	46.60
Industry Rank by ABR	80 out of 265
Rank in Industry	8 out of 23

More CIT Broker Recommendations

Day Low - High	44.82 - 45.49
52wk Low - High	32.29 - 45.49
Previous Close	44.84
Avg. Volume	1,002,876
Industry	FIN-MISC SVCS
Market Cap	9.02 B
Div - Yield	0.00 - 0.00
Beta	0.59
PE (Forward)	12.49
Current Year Est.	3.59
Quarterly Earnings ESP	0.00%

PE (Forward)	12.49
PEG Ratio	1.25
Current Year Est.	3.59
Current Quarter Estimate	0.91
Most Accurate Estimate	0.91
Earnings ESP	0.00%
Next Earnings Report Date	08-05-2013
EPS Last Year	-0.03
Expected Earnings Growth	10.00%

Username: Password:

Remember me [?]

Cit Group New: (NYSE: CIT)

$45.39

0.55 (1.23%)

Volume 253,999

May 22 11:13 AM ET

Stock Activity

Premium research

Zacks Rank Short-Term: 1-3 Months

Zacks Recommendation Long-Term: 6+ Months

Zacks Industry Rank

Equity Research Report

Key Earnings Data

Company Description

Earnings Estimates

Industry Analysis

Sector:Finance>> Industry:FIN-MISC SVCS

Zacks Commentary

Financials

News

Broker Recommendations