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$4.64 0.05 (1.09%)
10/10/2008 4:06 PM

CIT Group, Inc. (CIT)

CAPS Rating:
*

A commercial and consumer finance company providing financing and leasing products and services to clients in a variety of industries around the globe.

Rating a stock in CAPS consists of three components:

Your call - Will this stock outperform or underperform the S&P 500? Successful picks are measured in terms of whether or not you were correct and by how many percentage points.

Your time frame - A guideline for other members to see whether your thinking is short or long-term. Time frame is also used to calculate the stock rating, but is not used in the scoring of your pick.

Your pitch - Here's your chance to offer more detailed thoughts, analysis, concerns, or the rationale behind your call. The pitch is optional and may be added later.

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What the Community Thinks

Total Members

308 Outperforms
156 Underperforms
 

All-Stars

56 Outperforms
48 Underperforms
 

Wall Street

13 Outperforms
1 Underperforms
 

Members bullish on CIT are also bullish on:

Members bearish on CIT are also bearish on:

Ticker Tags

Mid Cap (670), Credit Services (49), S&P 500 (472)
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CIT Group, Inc. At A Glance

Current Price: $4.64
Last Trade Time: 10/10/2008 4:06 PM
Open: $0.00
Previous Close: $4.59
Daily Range: $3.92 - $5.26
52-Week Range: $4.55 - $40.72
Volume: 12,146,186
Market Cap: $3.18B
P/E Ratio: 16.39
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Stock Trends

CIT VS S&P 500 (SPY)

CIT 12 month chart vs. S&P

News & Discussion Boards

Other News Headlines for CIT

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Top Bull Pitch

Recs

1

CIT Group, Inc. (CIT)

Avatar NotJesseL (89.61) Submitted: 9/05/08 6:06 PM

I am going to bet that CItibank is ahead of the curve finally on the mortgage crisis and wrote off enough of their bad debt to make a recovery possible. I don't like that they diluted the shares by selling to Dubai, but sometimes you gotta do what you gotta do.
Meanwhile, we are going to see some r...More

Replies: 0 | Reply | Permalink

Top Bear Pitch

Recs

1

CIT Group, Inc. (CIT)

Avatar jester112358 (< 20) Submitted: 9/17/08 1:55 PM

How low can it go? Try back down to the 52 week low of $5.8 at least. Its bonds are at junk status like AIG.

Replies: 0 | Reply | Permalink

CAPS Members

picks per page. CHANGE

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Show Pitch Replies

Recs

1

 (CIT)

Avatar jester112358 (< 20) Submitted: 9/17/08 1:55 PM : Underperform Start Price: $6.85 CIT Score: 7.69

How low can it go? Try back down to the 52 week low of $5.8 at least. Its bonds are at junk status like AIG.

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Recs

1

 (CIT)

Avatar NotJesseL (89.61) Submitted: 9/05/08 6:06 PM : Outperform Start Price: $11.75 CIT Score: -29.61

I am going to bet that CItibank is ahead of the curve finally on the mortgage crisis and wrote off enough of their bad debt to make a recovery possible. I don't like that they diluted the shares by selling to Dubai, but sometimes you gotta do what you gotta do.
Meanwhile, we are going to see some regional banks in FL and CA fail because its getting worse down there. 5% opening foreclosure rate on subprimes. I think that means they are opening the foreclosure proceeding on 1 in 20 of the subprime loans. Ack!

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Recs

0

 (CIT)

Avatar gaiachild (83.81) Submitted: 8/19/08 12:40 AM : Underperform Start Price: $9.12 CIT Score: 18.58

spec bear

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Recs

0

 (CIT)

Avatar 1MDPFOOL (32.12) Submitted: 8/13/08 12:54 PM : Underperform Start Price: $8.27 CIT Score: 12.94




Still room to fall

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Recs

0

 (CIT)

Avatar jerzyson (20.21) Submitted: 8/11/08 1:34 PM : Underperform Start Price: $9.70 CIT Score: 19.55

things are starting to change and Citigroup will lead the way

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Wall Street

Results 1 - 14 of 14  

picks per page. CHANGE Expand All Pitches

Top
Pick
Member NameMember RatingStart
Date
CallTime FrameStart
Price
Stock
Gain
S&P
Gain
ScorePitch
TrackHAndW 34.98 06/16/08 Outperform 1Y $9.52-51.27%-35.07%-16.20 Toggle the visibility of 60-Second Pitch and replies
TrackEdLampert 47.81 06/02/08 Outperform 1Y $9.79-52.60%-36.71%-15.89 Toggle the visibility of 60-Second Pitch and replies
TrackStifel 92.16 03/24/08 Outperform NS $11.33-59.04%-33.61%-25.42
TrackJimCramer 81.55 12/11/07 Underperform 3W $25.28-81.65%-40.17%+41.48
TrackLehmanBros 73.44 11/28/07 Outperform NS $25.47-81.78%-39.63%-42.15
TrackBrandes < 20 09/30/07 Outperform NS $38.73-88.02%-42.00%-46.02 Toggle the visibility of 60-Second Pitch and replies
TrackDreman 88.98 09/30/07 Outperform NS $38.73-88.02%-42.00%-46.02 Toggle the visibility of 60-Second Pitch and replies
TrackBillMiller < 20 09/30/07 Outperform NS $38.73-88.02%-42.00%-46.02 Toggle the visibility of 60-Second Pitch and replies
TrackDodgeCox 97.91 09/30/07 Outperform NS $38.73-88.02%-42.00%-46.02 Toggle the visibility of 60-Second Pitch and replies
TrackWhitman 96.95 09/30/07 Outperform NS $38.73-88.02%-42.00%-46.02 Toggle the visibility of 60-Second Pitch and replies
TrackCreditSuiss 82.04 09/26/07 Outperform NS $38.68-88.00%-41.87%-46.13
TrackRochdale 30.73 02/09/07 Outperform NS $56.83-91.83%-38.99%-52.84
TrackUBS 83.70 08/17/06 Outperform NS $42.69-89.13%-31.20%-57.93
TrackWachovia < 20 08/17/06 Outperform NS $42.69-89.13%-31.20%-57.93

Results 1 - 14 of 14  

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