$44.30 -$0.14 (-0.3%)

12:49 PM EDT on 10/18/19

CIT Group, Inc. (NYSE:CIT)

CAPS Rating: No stars

Current Price $44.30 Mkt Cap $4.2B
Open $44.19 P/E Ratio 0.00
Prev. Close $44.44 Div. (Yield) $1.30 (3.2%)
Daily Range $44.08 - $44.62 Volume 47,194
52-Wk Range $37.56 - $54.01 Avg. Daily Vol. 16

Caps

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All Players

67 Outperform
17 Underperform
 

All-Star Players

12 Outperform
4 Underperform
 

Wall Street

9 Outperform
0 Underperform
 

Top NYSE:CIT Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

Beebzer (64.84)
Submitted May 12, 2010

Building an experimental portfolio based exclusively on the criteria of insider buys. There has also been considerable guru buying of CIT as well.

addikt06 (< 20)
Submitted August 11, 2011

Heading for another bankruptcy, I'm not basing this rating so much on the business but more on the economy and in particular the mortgage industry

NYSE:CIT VS S&P 500 (SPY)

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Recent Community Commentary

Read the most recent pitches from players about CIT.

Recs

0
Member Avatar TMFDeej (97.88) Submitted: 11/30/2016 2:15:31 PM : Outperform Start Price: $39.28 NYSE:CIT Score: -21.83

Trump Treasury Pick Could Boost Small Banks

"The big winners from Donald Trump’s pick for Treasury Secretary are unlikely to be Steven Mnuchin’s old haunts on Wall Street, but Main Street banks like the one he helped revive after the financial crisis.

Mr. Mnuchin’s background as a bond trader and executive at Goldman Sachs does seem at odds with the populist tone of Mr. Trump’s campaign, as does his history of donating to top Democrats. But just what this may mean for policy toward top Wall Street institutions is unclear.

Appearing on CNBC Wednesday, Mr. Mnuchin said his top regulatory priority is to “strip back parts of Dodd-Frank,” saying the law is too complicated and restricts lending. As with other pronouncements from Mr. Trump’s team on Dodd-Frank, this is frustratingly vague as to what exactly he would like to change about the financial regulation law.

For clues, it helps to look past Mr. Mnuchin’s Goldman pedigree. Perhaps the most interesting part of Mr. Mnuchin’s resume is his time at troubled lender IndyMac Bank. Mr. Mnuchin led a group of investors who bought the company from the federal government after the financial crisis. The bank was renamed OneWest and eventually sold to CIT Group, where Mr. Mnuchin currently has a board seat.

CIT is among the midsize lenders that critics say are most burdened by Dodd-Frank. With $66 billion of total assets, it is above the law’s $50 billion threshold for annual stress testing by the Federal Reserve. But without the scale of megabanks like J.P. Morgan Chase, it is burdened with significantly increased regulatory costs.

Fed oversight has also meant that CIT has been slow to return capital to shareholders. In July, CIT said the Federal Reserve had objected to the bank’s capital return plan on qualitative grounds.

Mr. Mnuchin will likely have to resign his board seat and divest his shares in CIT, and he will be keen to avoid any appearance of conflict of interest. But it wouldn’t be a stretch to suppose that his experience at CIT will make him more attuned than other regulators to the struggles of small and midsize financial institutions."

Recs

0
Member Avatar hbomb14 (50.08) Submitted: 7/19/2011 11:20:19 AM : Outperform Start Price: $36.57 NYSE:CIT Score: -104.33

Valuation - its trading below TBV. The new leadership is solid, John Thain is a winner. Core business of middle market industrial lending is a strong franchise.

Recs

0
Member Avatar bodiebear (85.77) Submitted: 2/8/2011 12:26:05 PM : Outperform Start Price: $44.46 NYSE:CIT Score: -124.81

Naughty... but profitable

Leaderboard

Find the members with the highest scoring picks in CIT.

Score Leader

Miyonkol

Miyonkol (< 20) Score: +144.52

The Score Leader is the player with the highest score across all their picks in CIT.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
Miyonkol < 20 8/17/2010 Underperform 3Y $34.72 +27.58% +172.09% +144.52 0 Comment
stockfreak1 23.03 7/14/2010 Underperform 5Y $33.82 +30.97% +171.80% +140.82 1 Comment
GodlySage 95.64 7/29/2010 Underperform NS $34.30 +29.11% +166.41% +137.30 0 Comment
1MDPFOOL 69.86 2/26/2010 Underperform 5Y $32.20 +37.54% +168.21% +130.67 0 Comment
AmericanArrogant 30.08 3/4/2010 Underperform 5Y $32.99 +34.25% +164.21% +129.95 0 Comment
pvb1970 80.72 3/2/2010 Underperform 3M $32.83 +34.89% +164.39% +129.50 0 Comment
CHICAGOREALTOR < 20 3/3/2010 Underperform 5Y $32.92 +34.55% +163.76% +129.21 0 Comment
HedgeFund007 98.26 2/12/2010 2/14/2011 Underperform 3Y $29.16 +51.87% +175.63% +123.76 0 Comment
idiotperspective < 20 4/26/2010 Underperform 5Y $36.40 +21.69% +143.82% +122.14 0 Comment
ericmaryjo 21.74 2/4/2010 Underperform 3W $28.03 +57.99% +176.47% +118.48 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
trackbtigresearc 57.14 5/23/2013 Outperform NS $40.64 +8.98% +80.98% -72.00 0 Comment
TrackOppenheimer 23.66 4/24/2013 Outperform NS $38.53 +14.94% +88.24% -73.30 0 Comment
TrackJanney 85.43 6/6/2012 Outperform NS $31.25 +41.75% +128.59% -86.85 0 Comment
TrackZacks < 20 2/8/2012 Outperform 3M $41.20 -3.06% +1.77% -4.83 3/12/2012 @ $39.94 1 Comment
trackcompasspoin 48.89 8/9/2011 Outperform NS $29.42 +50.55% +160.45% -109.91 0 Comment
TrackZacks < 20 2/16/2011 Underperform 3M $44.39 -5.05% -5.10% -0.06 6/15/2011 @ $42.15 1 Comment
TrackZacks < 20 10/8/2010 Outperform 3M $40.79 +5.05% +1.87% +3.18 10/26/2010 @ $42.85 1 Comment
TrackBarclaysCap 89.74 9/1/2010 Outperform NS $37.40 +13.46% +23.25% -9.79 4/6/2011 @ $42.43 0 Comment
TrackZacks < 20 7/27/2010 Outperform 3M $38.16 -1.73% -2.62% +0.89 8/12/2010 @ $37.50 1 Comment
TrackWhitman < 20 3/31/2010 Outperform NS $37.26 +4.77% -1.46% +6.24 9/30/2010 @ $39.04 0 Comment
TrackJohnKeeley < 20 3/31/2010 Outperform NS $35.76 +23.85% +190.08% -166.23 0 Comment
TrackStifel 91.14 3/4/2010 Outperform NS $33.05 +34.03% +164.21% -130.18 0 Comment
TrackSterneAgee 28.09 2/23/2010 Outperform NS $30.70 +44.25% +168.00% -123.75 0 Comment
TrackBerkowitz 89.35 12/31/2009 Outperform NS $25.34 +74.76% +171.90% -97.14 0 Comment
TrackIcahn 81.38 12/31/2009 Outperform 3W $27.61 +41.11% +4.99% +36.12 3/31/2010 @ $38.96 0 Comment
TrackHAndW 82.26 12/31/2009 Outperform 3M $27.61 +41.11% +4.99% +36.12 3/31/2010 @ $38.96 0 Comment
TrackEinhorn 92.02 12/31/2009 Outperform NS $25.34 +74.76% +171.90% -97.14 0 Comment