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Cit Group Inc   (CIT)
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CIT's Net Income Growth by Quarter and Year

Cit Group Inc 's Net Income results by quarter and year




CIT Net Income (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
IV Quarter December - 8.60 130.60 91.80
III Quarter September - 85.70 142.80 131.50
II Quarter June - -85.30 137.60 126.80
I Quarter March 303.80 -624.30 118.90 97.00
FY   303.80 -615.30 529.90 447.10



CIT Net Income first quarter 2021 Y/Y Growth Comment
Cit Group Inc in the first quarter achieved Net Income of $ 303.80 millions compare to net loss recorded in same quarter a year ago.

According to the results reported in the first quarter, Cit Group Inc achieved the best Net Income growth in Consumer Financial Services industry. While Cit Group Inc ' s Net Income no change of % ranks overall at the positon no. 0 in the first quarter.




CIT Net Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter December - -93.42 % 42.27 % -
III Quarter September - -39.99 % 8.59 % -40.12 %
II Quarter June - - 8.52 % -19.08 %
I Quarter March - - 22.58 % -46.08 %
FY   - - 18.52 % -4.51 %

Financial Statements
Cit Group Inc 's first quarter 2021 Net Income $ 303.80 millions CIT's Income Statement
Cit Group Inc 's first quarter 2020 Net Income $ -624.30 millions Quarterly CIT's Income Statement
New: More CIT's historic Net Income Growth >>


CIT Net Income (Quarter on Quarter Growth %)

2021
2020 2019 2018
IV Quarter December - -89.96 % -8.54 % -30.19 %
III Quarter September - - 3.78 % 3.71 %
II Quarter June - - 15.73 % 30.72 %
I Quarter March 3432.56 % - 29.52 % -
FY (Year on Year)   - - 18.52 % -4.51 %




Net Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #
Financial Sector #
Overall #0

Net Income Y/Y Growth Statistics
High Average Low
1011.35 % 34.55 % -97.63 %
(Jun 30 2017)   (Dec. 31, 2010)
Net Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #
Financial Sector #
Overall #0
Net Income Y/Y Growth Statistics
High Average Low
1011.35 % 34.55 % -97.63 %
(Jun 30 2017)   (Dec. 31, 2010)

Net Income by Quarter for the Fiscal Years 2018, 2019, 2020, 2021

Cit Group Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
3432.56 % 104.26 % -96.91 %
(Mar 31 2021)  


CIT's I. Quarter Q/Q Net Income Comment
Cit Group Inc achieved in the I. Quarter 2021 above company average sequential Net Income doubling of 3432.56%, to $ 303.80 millions, from $8.60 millions in the forth quarter.
CIT is impressively improving, not just recording better then normal growth, and additionally accelerating speed.

Within Consumer Financial Services industry Cit Group Inc achieved highest sequential Net Income growth. While Cit Group Inc 's Net Income growth quarter on quarter, overall rank is 3.


Net Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #1
Financial Sector #2
Overall #3
Net Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #1
Financial Sector #2
Overall #3
Net Income Q/Q Growth Statistics
High Average Low
3432.56 % 104.26 % -96.91 %
(Mar 31 2021)  


CIT's I. Quarter Q/Q Net Income Comment
Cit Group Inc achieved in the I. Quarter 2021 above company average sequential Net Income doubling of 3432.56%, to $ 303.80 millions, from $8.60 millions in the forth quarter.
Consumer Financial Services company is undergoing a remarkable growth, not only recording above normal increase, and also increasing speed, Ariana Collins, a business advisor said.

Within Consumer Financial Services industry Cit Group Inc achieved highest sequential Net Income growth. While Cit Group Inc 's Net Income growth quarter on quarter, overall rank is 3.


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


Net Income TTM Growth

12 Months Ending
(Mar 31 2021)
12 Months Ending
(Dec 31 2020)
12 Months Ending
(Sep 30 2020)
12 Months Ending
(Jun 30 2020)
12 Months Ending
(Mar 31 2020)
Cumulative Net Income 12 Months Ending $ 312.80 $ -615.30 $ 273.80 $ -436.20 $ -213.30
Y / Y Net Income Growth (TTM) - - -42.93 % - -
Year on Year Net Income Growth Overall Ranking # # # 1518 # #
Seqeuential Net Income Change (TTM) - - -15.93 % - -
Seq. Net Income Growth (TTM) Overall Ranking # # # 1749 # #




Cumulative Net Income growth Comment
In the Mar 31 2021 period, Cit Group Inc had cumulative twelve months Net Income of $ 313 millions compare to net loss of $ -213 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 %
12.83 %
-87.35 %
(June 30, 2010)  

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 %
4.86 %
-97.84 %
(June 30. 2014)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry #
Sector #
S&P 500 # 0
Cumulative Net Income growth Comment
In the Mar 31 2021 period, Cit Group Inc had cumulative twelve months Net Income of $ 313 millions compare to net loss of $ -213 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 %
12.83 %
-87.35 %
(June 30, 2010)  


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 %
4.86 %
-97.84 %
(June 30. 2014)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry #
Sector #
S&P 500 # 0




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 Inc '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 doubling for the quarter ending Mar 31 2021 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2021
Cpi Card Group Inc -0.29%$ -0.290 millions
Intercontinental Exchange Inc -1.22%$ -1.216 millions
Cigna Corporation-1.51%$ -1.514 millions
Visa Inc -1.88%$ -1.881 millions
Republic Bancorp inc -2.41%$ -2.412 millions
Equity Lifestyle Properties Inc -2.46%$ -2.456 millions
Sachem Capital Corp -2.48%$ -2.480 millions
Qts Realty Trust Inc -2.49%$ -2.488 millions
The Bank Of New York Mellon Corporation-3.12%$ -3.119 millions
Axos Financial Inc -4.17%$ -4.171 millions
Hennessy Advisors Inc-4.26%$ -4.264 millions
Sabra Health Care Reit Inc -5.03%$ -5.026 millions
Lamar Advertising Co-5.36%$ -5.356 millions
Tremont Mortgage Trust-5.46%$ -5.462 millions
Federal Home Loan Bank Of Dallas-7.19%$ -7.187 millions
The Hartford Financial Services Group Inc -8.96%$ -8.955 millions
Nmi Holdings Inc -9.23%$ -9.233 millions
Essent Group Ltd -9.28%$ -9.280 millions
Radian Group Inc-10.57%$ -10.574 millions
Federal Realty Investment Trust-11.87%$ -11.874 millions
Store Capital Corporation-12.29%$ -12.289 millions
Whitestone Reit-12.51%$ -12.508 millions
Cboe Global Markets inc -12.83%$ -12.834 millions
National Retail Properties Inc -13.18%$ -13.178 millions
Brandywine Realty Trust-13.89%$ -13.886 millions
Simmons First National Corp-14.82%$ -14.824 millions
Avalonbay Communities inc -15.34%$ -15.340 millions
Lpl Financial Holdings Inc -16.72%$ -16.719 millions
Alexandria Real Estate Equities Inc -16.77%$ -16.771 millions
W P Carey Inc -22.58%$ -22.580 millions


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