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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 175.50 85.70 142.80 131.50
II Quarter June 226.90 -85.30 137.60 126.80
I Quarter March 303.80 -624.30 118.90 97.00
FY   706.20 -615.30 529.90 447.10



CIT Net Income third quarter 2021 Y/Y Growth Comment
Cit Group Inc achieved in the third quarter 2021, above Company average Net Income surge of 104.78% year on year, to $ 175.50 millions.

Looking into third quarter 2021 results within Consumer Financial Services industry 5 other companies have achieved higher Net Income growth. While Cit Group Inc ' s Net Income doubling of 104.78% ranks overall at the positon no. 451 in the third quarter 2021.




CIT Net Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter December - -93.42 % 42.27 % -
III Quarter September 104.78 % -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 third quarter 2021 Net Income $ 175.50 millions CIT's Income Statement
Cit Group Inc 's third quarter 2020 Net Income $ 85.70 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 -22.65 % - 3.78 % 3.71 %
II Quarter June -25.31 % - 15.73 % 30.72 %
I Quarter March 3432.56 % - 29.52 % -
FY (Year on Year)   - - 18.52 % -4.51 %




Net Income third quarter 2021 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #6
Financial Sector #96
Overall #451

Net Income Y/Y Growth Statistics
High Average Low
1011.35 % 36.35 % -97.63 %
(Jun 30 2017)   (Dec. 31, 2010)
Net Income third quarter 2021 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #6
Financial Sector #96
Overall #451
Net Income Y/Y Growth Statistics
High Average Low
1011.35 % 36.35 % -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 % 98.68 % -96.91 %
(Mar 31 2021)  


CIT's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2021 Cit Group Inc reported fall in Net Income sequentially by -22.65% to $ 175.50 millions, from $ 226.90 millions achived in the previous quarter.

Within Consumer Financial Services industry 24 other companies have achieved higher Net Income quarter on quarter growth. While Cit Group Inc 's Net Income growth quarter on quarter, overall rank is 1800.


Net Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #25
Financial Sector #611
Overall #1800
Net Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #25
Financial Sector #611
Overall #1800
Net Income Q/Q Growth Statistics
High Average Low
3432.56 % 98.68 % -96.91 %
(Mar 31 2021)  


CIT's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2021 Cit Group Inc realized fall in Net Income from the second quarter by -22.65% to $ 175.50 millions, from $ 226.90 millions achived in the previous quarter.

Within Consumer Financial Services industry 24 other companies have achieved higher Net Income quarter on quarter growth. While Cit Group Inc 's Net Income growth quarter on quarter, overall rank is 1800.


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


Net Income TTM Growth

12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
12 Months Ending
(Dec 31 2020)
12 Months Ending
(Sep 30 2020)
Cumulative Net Income 12 Months Ending $ 714.80 $ 625.00 $ 312.80 $ -615.30 $ 273.80
Y / Y Net Income Growth (TTM) - - - - -42.93 %
Year on Year Net Income Growth Overall Ranking # # # # # 1520
Seqeuential Net Income Change (TTM) 14.37 % 99.81 % - - -15.93 %
Seq. Net Income Growth (TTM) Overall Ranking # 484 # 218 # 205 # 0 # 0




Cumulative Net Income growth Comment
Cit Group Inc saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 104.78% year on year, to $ 715 millions if the fiscal year would have ended in Sep 30 2021.
Cit Group Inc 's trailing twelve months Net Income growth was higher than company's average 4.86% and higher than % growth in Jun 30 2021. And, Cit Group Inc realized the fastest Net Income growth, in Consumer Financial Services industry.
But from twelve months ended Jun 30 2021 growth rate was less at 14.37 % from $625 millions reported in twelve months ending a quarter Jun 30 2021.
It appears to be stagnation happening, more noticeable as we look at usual Q/Q TTM historic rise which is stronger at15.05%.
The growth was much stronger sequentially clinched at 14.37 % increase from $625 millions in twelve months ending a quarter before. In the Sep 30 2021 period, Cit Group Inc had cumulative twelve months Net Income of $ 715 millions compare to net loss of $ -493 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 %
15.05 %
-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 %
4.86 %
-97.84 %
(June 30. 2014)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 117
S&P 500 # 484
Cumulative Net Income growth Comment
Cit Group Inc saw improvement in Net Income growth trend, posting cumulative 12 months Net Income growth of 104.78% year on year, to $ 715 millions if the fiscal year would have ended in Sep 30 2021.
Cit Group Inc 's trailing twelve months Net Income growth was higher than company's average 4.86% and higher than % growth in Jun 30 2021. And, Cit Group Inc realized the fastest Net Income growth, in Consumer Financial Services industry.
But sequential rise was less at 14.37 % from $625 millions recorded in the period from Jun 30 2021 to Sep 30 2020.
It appears to be drop-off happening, more evident if you pay attention to the average sequential historic rise what is higher at 15.05% Lillian Wolfe wrote.
The growth was much stronger from twelve months ended Jun 30 2021 exhibited at 14.37 % jump from $625 millions in the period from Jun 30 2021 to Sep 30 2020. In the Sep 30 2021 period, Cit Group Inc had cumulative twelve months Net Income of $ 715 millions compare to net loss of $ -493 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 %
15.05 %
-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 %
4.86 %
-97.84 %
(June 30. 2014)  


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 117
S&P 500 # 484




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 fall for the quarter ending Sep 30 2021 within Financial SectorY/Y Change %Net Income for the quarter ending Sep 30 2021
Middlefield Banc Corp 180.84%$ 180.842 millions
Sun Communities Inc178.71%$ 178.712 millions
Piper Sandler Companies175.09%$ 175.088 millions
Crossfirst Bankshares Inc 172.19%$ 172.187 millions
first Bancorp162.15%$ 162.150 millions
Wells Fargo and Company161.43%$ 161.426 millions
Citizens and Northern Corporation159.80%$ 159.796 millions
Riverview Bancorp Inc152.85%$ 152.851 millions
United States Natural Gas Fund Lp151.15%$ 151.154 millions
Kinsale Capital Group Inc 145.97%$ 145.970 millions
First American Financial Corporation145.36%$ 145.363 millions
Dime Community Bancshares Inc141.96%$ 141.965 millions
Prologis Inc 139.90%$ 139.904 millions
Rhinebeck Bancorp inc 133.48%$ 133.478 millions
Customers Bancorp Inc 129.72%$ 129.718 millions
Op Bancorp129.49%$ 129.485 millions
Cme Group Inc 125.10%$ 125.103 millions
Cbtx inc 124.59%$ 124.591 millions
Pathfinder Bancorp Inc.124.31%$ 124.308 millions
Ishares S and p Gsci Commodity indexed Trust124.27%$ 124.270 millions
Metlife Inc 124.12%$ 124.118 millions
Essential Properties Realty Trust Inc 124.11%$ 124.108 millions
Diamond Hill Investment Group Inc123.29%$ 123.290 millions
1st Franklin Financial Corp122.98%$ 122.975 millions
Bankguam Holding Company121.28%$ 121.281 millions
Manning and Napier Inc 118.78%$ 118.781 millions
Schwab Charles Corp118.62%$ 118.625 millions
Crown Castle International Corp 115.34%$ 115.337 millions
Tristate Capital Holdings Inc 114.56%$ 114.557 millions
First Business Financial Services Inc 114.26%$ 114.256 millions


       
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