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Cit Group Inc.  (CIT)
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    Sector  Financial    Industry Consumer Financial Services
 
 

CIT's Net Income Growth by Quarter and Year

Cit Group's Net Income results by quarter and year




CIT Net Income (in millions $) FY 2018 FY 2017 FY 2016 FY 2015
IV Quarter December - -88.00 -1,141.80 144.70
III Quarter September - 219.60 132.80 693.10
II Quarter June 126.80 156.70 14.10 115.30
I Quarter March 97.00 179.90 146.90 103.60
FY   223.80 468.20 -848.00 1,056.70



CIT Net Income second quarter 2018 Y/Y Growth Comment
Cit Group Inc. reported decline in Net Income in the second quarter by -19.08% to $ 126.80 millions, from the same quarter in 2017.
The contraction in the second quarter Cit Group Inc.'s Net Income compares unfavorably to the Company's average Net Income increase of 13.51%.

Looking into second quarter results within Consumer Financial Services industry 17 other companies have achieved higher Net Income growth. While Cit Group Inc.' s Net Income fall of -19.08% ranks overall at the positon no. 1016 in the second quarter.




CIT Net Income ( Y/Y Growth %) 2018
2017 2016 2015
IV Quarter December - - - -42.35 %
III Quarter September - 65.36 % -80.84 % 34.61 %
II Quarter June -19.08 % 1011.35 % -87.77 % -53.3 %
I Quarter March -46.08 % 22.46 % 41.8 % -11.6 %
FY   - - - -

Financial Statements
Cit Group's second quarter 2018 Net Income $ 126.80 millions CIT's Income Statement
Cit Group's second quarter 2017 Net Income $ 156.70 millions Quarterly CIT's Income Statement
New: More CIT's historic Net Income Growth >>


CIT Net Income (Quarter on Quarter Growth %)

2018
2017 2016 2015
IV Quarter December - - - -79.12 %
III Quarter September - 40.14 % 841.84 % 501.13 %
II Quarter June 30.72 % -12.9 % -90.4 % 11.29 %
I Quarter March - - 1.52 % -58.73 %
FY (Year on Year)   - - - -




Net Income second quarter 2018 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #18
Financial Sector #284
Overall #1016

Net Income Y/Y Growth Statistics
High Average Low
338.82 % 13.51 % -87.35 %
(June 30, 2010)   (Dec. 31, 2010)
Net Income second quarter 2018 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #18
Financial Sector #284
Overall #1016
Net Income Y/Y Growth Statistics
High Average Low
338.82 % 13.51 % -87.35 %
(June 30, 2010)   (Dec. 31, 2010)

Net Income by Quarter for the Fiscal Years 2015, 2016, 2017, 2018
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Cit Group's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
841.84 % 34.17 % -96.91 %
(Sep 30 2016)  


CIT's II. Quarter Q/Q Net Income Comment
Cit Group Inc. achieved in the II. Quarter 2018 below company average Net Income jump of 30.72% quarter on quarter, to $ 126.80 millions.

Even if the II. Quarter 2018 Cit Group's performance was below the average of 34.17 %, this has been still promising story, as the II. Quarter surge, outshines the -12.9% Net Income growth in the II. Quarter a year ago

Within Consumer Financial Services industry 2 other companies have achieved higher Net Income quarter on quarter growth. While Cit Group's Net Income growth quarter on quarter, overall rank is 335.


Net Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #3
Financial Sector #63
Overall #335
Net Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #3
Financial Sector #63
Overall #335
Net Income Q/Q Growth Statistics
High Average Low
841.84 % 34.17 % -96.91 %
(Sep 30 2016)  


CIT's II. Quarter Q/Q Net Income Comment
Cit Group Inc. achieved in the II. Quarter 2018 below company average Net Income jump of 30.72% quarter on quarter, to $ 126.80 millions.

II. Quarter 2018 Cit Group's Net Income quarter on quarter growth seem to be contradictory, even if below the regular growth of 34.17 %, yet it demonstrates a quite acceleration compare to the -12.9% in the same quarter a year ago Madison  Smith, an industry veteran said.

Within Consumer Financial Services industry 2 other companies have achieved higher Net Income quarter on quarter growth. While Cit Group's Net Income growth quarter on quarter, overall rank is 335.


Cit Group's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Jun 30 2018)
12 Months Ending
(Mar 31 2018)
12 Months Ending
(Dec 31 2017)
12 Months Ending
(Sep 30 2017)
12 Months Ending
(Jun 30 2017)
Cumulative Net Income 12 Months Ending $ 355.40 $ 385.30 $ 468.20 $ -585.60 $ -672.40
Y / Y Net Income Growth (TTM) - - - - -
Year on Year Net Income Growth Overall Ranking # # # # #
Seqeuential Net Income Change (TTM) -7.76 % -17.71 % - - -
Seq. Net Income Growth (TTM) Overall Ranking # 1969 # 1829 # 0 # 0 # 0




Cumulative Net Income growth Comment
In the Jun 30 2018 period, Cit Group had cumulative twelve months Net Income of $ 355 millions compare to net loss of $ -672 millions a year ago.

Cit Group Inc. achieved highest trailing twelve month year on year Net Income growth. While overall Net Income growth ranking, remained unchanged compare to the previous quarter at no. .

Net Income TTM Q/Q Growth Statistics
High Average Low
338.82 %
13.51 %
-87.35 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #
Financial Sector #
Overall # 0

Net Income TTM Y/Y Growth Statistics
High Average Low
179.56 %
1.28 %
-97.84 %
(June 30. 2014)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 24
Sector # 624
S&P 500 # 1969
Cumulative Net Income growth Comment
In the Jun 30 2018 period, Cit Group had cumulative twelve months Net Income of $ 355 millions compare to net loss of $ -672 millions a year ago.

Cit Group Inc. achieved highest trailing twelve month year on year Net Income growth. While overall Net Income growth ranking, remained unchanged compare to the previous quarter at no. .

Net Income TTM Q/Q Growth Statistics
High Average Low
338.82 %
13.51 %
-87.35 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #
Financial Sector #
Overall # 0

Net Income TTM Y/Y Growth Statistics
High Average Low
179.56 %
1.28 %
-97.84 %
(June 30. 2014)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 24
Sector # 624
S&P 500 # 1969


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Other Net Income Growth
Consumer Financial Services Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
CIT's Net Income Growth Ratio versus Consumer Financial Services Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for CIT's Competitors
Net Income Growth for Cit Group's Suppliers
Net Income Growth for CIT's Customers

You may also want to know
CIT's Annual Growth Rates CIT's Profitability Ratios CIT's Asset Turnover Ratio CIT's Dividend Growth
CIT's Roe CIT's Valuation Ratios CIT's Financial Strength Ratios CIT's Dividend Payout Ratio
CIT's Roa CIT's Inventory Turnover Ratio CIT's Growth Rates CIT's Dividend Comparisons



Companies with similar Net Income jump for the quarter ending Jun 30 2018 within Financial SectorY/Y Change %Net Income for the quarter ending Jun 30 2018
Cigna Corporation -0.25 %$ -0.247 millions
Customers Bancorp, Inc. -0.25 %$ -0.249 millions
Host Hotels & Resorts, Inc. -0.47 %$ -0.472 millions
Northwest Indiana Bancorp -0.71 %$ -0.712 millions
Federal Home Loan Bank Of Des Moines -0.77 %$ -0.769 millions
Chubb Ltd -0.84 %$ -0.843 millions
National Health Investors Inc -1.06 %$ -1.062 millions
Camden Property Trust -1.10 %$ -1.096 millions
Cole Credit Property Trust Iv, Inc. -1.56 %$ -1.557 millions
Tcf Financial Corp -2.03 %$ -2.028 millions
Federal Home Loan Bank Of Cincinnati -2.09 %$ -2.094 millions
American River Bankshares -2.16 %$ -2.159 millions
Fs Bancorp, Inc. -2.34 %$ -2.340 millions
Invesco Ltd. -3.08 %$ -3.085 millions
Protective Life Corp -3.29 %$ -3.291 millions
United Financial Bancorp, Inc. -3.42 %$ -3.420 millions
Harborone Bancorp, Inc. -3.42 %$ -3.424 millions
Empire State Realty Trust, Inc. -3.75 %$ -3.747 millions
Empire State Realty Op, L.p. -3.75 %$ -3.747 millions
Boston Properties Inc -3.86 %$ -3.859 millions
First Capital Inc. -4.10 %$ -4.102 millions
Gaming & Leisure Properties, Inc. -4.50 %$ -4.501 millions
Virginia National Bankshares Corp -4.58 %$ -4.583 millions
Starwood Property Trust, Inc. -4.98 %$ -4.985 millions
Citizens Holding Co -5.34 %$ -5.344 millions
Eagle Financial Bancorp, Inc. -5.62 %$ -5.618 millions
S&t Bancorp Inc -5.84 %$ -5.838 millions
Pathfinder Bancorp, Inc. -6.05 %$ -6.048 millions
Avista Healthcare Public Acquisition Corp. -6.14 %$ -6.138 millions
Lincoln National Corp -6.33 %$ -6.326 millions


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