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

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




CIT Operating Income (in millions $) FY 2021 FY 2020 FY 2019 FY 2018
IV Quarter December - 36.50 179.90 116.60
III Quarter September 231.00 115.20 116.80 170.70
II Quarter June 298.60 -158.50 170.20 204.70
I Quarter March 400.10 -696.60 157.00 145.00
FY   929.70 -703.40 623.90 637.00



CIT Operating Income third quarter 2021 Y/Y Growth Comment
Cit Group Inc achieved in the third quarter 2021, above Company average Operating Income surge of 100.52% year on year, to $ 231.00 millions.

Looking into third quarter 2021 results within Consumer Financial Services industry 7 other companies have achieved higher Operating Income growth. While Cit Group Inc ' s Operating Income doubling of 100.52% ranks overall at the positon no. 429 in the third quarter 2021.

Explain Operating Income growth


CIT Operating Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter December - -79.71 % 54.29 % -
III Quarter September 100.52 % -1.37 % -31.58 % -66.48 %
II Quarter June - - -16.85 % -82.82 %
I Quarter March - - 8.28 % -85.67 %
FY   - - -2.06 % 232.46 %

Financial Statements
Cit Group Inc 's third quarter 2021 Operating Income $ 231.00 millions CIT's Income Statement
Cit Group Inc 's third quarter 2020 Operating Income $ 115.20 millions Quarterly CIT's Income Statement
New: More CIT's historic Operating Income Growth >>


CIT Operating Income (Quarter on Quarter Growth %)

2021
2020 2019 2018
IV Quarter December - -68.32 % 54.02 % -31.69 %
III Quarter September -22.64 % - -31.37 % -16.61 %
II Quarter June -25.37 % - 8.41 % 41.17 %
I Quarter March 996.16 % - 34.65 % -
FY (Year on Year)   - - -2.06 % 232.46 %




Operating Income third quarter 2021 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #8
Financial Sector #99
Overall #429

Operating Income Y/Y Growth Statistics
High Average Low
355.92 % -8.08 % -100 %
(Dec 31 2013)   (Dec 31 2015)
Operating Income third quarter 2021 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #8
Financial Sector #99
Overall #429
Operating Income Y/Y Growth Statistics
High Average Low
355.92 % -8.08 % -100 %
(Dec 31 2013)   (Dec 31 2015)

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

Cit Group Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
996.16 % 39.19 % -100 %
(Mar 31 2021)  


CIT's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2021 Cit Group Inc reported fall in Operating Income from the previous quarter by -22.64% to $ 231.00 millions, from $ 298.60 millions declared a quarter before.

Within Consumer Financial Services industry 25 other companies have achieved higher Operating Income quarter on quarter growth. While Cit Group Inc 's Operating Income growth quarter on quarter, overall rank is 1974.


Operating Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #26
Financial Sector #612
Overall #1974
Operating Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #26
Financial Sector #612
Overall #1974
Operating Income Q/Q Growth Statistics
High Average Low
996.16 % 39.19 % -100 %
(Mar 31 2021)  


CIT's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2021 Cit Group Inc realized fall in Operating Income from the second quarter by -22.64% to $ 231.00 millions, from $ 298.60 millions declared in the previous reporting period.

Within Consumer Financial Services industry 25 other companies have achieved higher Operating Income quarter on quarter growth. While Cit Group Inc 's Operating Income growth quarter on quarter, overall rank is 1974.


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


Operating 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 Operating Income 12 Months Ending $ 966.20 $ 850.40 $ 393.30 $ -703.40 $ 253.40
Y / Y Operating Income Growth (TTM) - - - - -58.76 %
Year on Year Operating Income Growth Overall Ranking # # # # # 1785
Seqeuential Operating Income Change (TTM) 13.62 % 116.22 % - - -17.83 %
Seq. Operating Income Growth (TTM) Overall Ranking # 654 # 154 # 155 # 0 # 776




Cumulative Operating Income growth Comment
Cit Group Inc saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 100.52% year on year, to $ 966 millions if the fiscal year would have ended in Sep 30 2021.
Cit Group Inc 's trailing twelve months Operating Income growth was higher than company's average 77.4% and higher than % growth in Jun 30 2021. And, Cit Group Inc realized the fastest Operating Income growth, in Consumer Financial Services industry.
But from the previous reporting period increase was less at 13.62 % from $850.4 millions reported in the period from Jun 30 2021 to Sep 30 2020.
There is stagnation developing, more evident observing the typical Q/Q TTM historic rise that is higher at 46.15%.
The progress was even higher from twelve months ended Jun 30 2021 clinched at 13.62 % increase from $850.4 millions in twelve months ending a quarter Jun 30 2021. In the Sep 30 2021 period, Cit Group Inc had cumulative twelve months Operating Income of $ 966 millions compare to Operating Loss of $ -560 millions a year ago.

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

Operating Income TTM Q/Q Growth Statistics
High Average Low
1112.7 %
46.15 %
-94.5 %
 

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

Operating Income TTM Y/Y Growth Statistics
High Average Low
1115.04 %
77.4 %
-94.56 %
(Dec. 31, 2010)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 173
S&P 500 # 654
Cumulative Operating Income growth Comment
Cit Group Inc saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 100.52% year on year, to $ 966 millions if the fiscal year would have ended in Sep 30 2021.
Cit Group Inc 's trailing twelve months Operating Income growth was higher than company's average 77.4% and higher than % growth in Jun 30 2021. And, Cit Group Inc realized the fastest Operating Income growth, in Consumer Financial Services industry.
But from twelve months ended Jun 30 2021 growth rate was beneth at 13.62 % from $850.4 millions achieved in the period from Jun 30 2021 to Sep 30 2020.
We witness stagnation in progress, more noticeable observing the typical sequential historic advancement what is better at46.15% Lina Greco wrote.
The momentum was even stronger from twelve months ended Jun 30 2021 exhibited at 13.62 % rise from $850.4 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 Operating Income of $ 966 millions compare to Operating Loss of $ -560 millions a year ago.

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

Operating Income TTM Q/Q Growth Statistics
High Average Low
1112.7 %
46.15 %
-94.5 %
 


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

Operating Income TTM Y/Y Growth Statistics
High Average Low
1115.04 %
77.4 %
-94.56 %
(Dec. 31, 2010)  


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 11
Sector # 173
S&P 500 # 654




Other Operating Income Growth
Consumer Financial Services Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
CIT's Operating Income Growth Ratio versus Consumer Financial Services Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for CIT's Competitors
Operating Income Growth for Cit Group Inc 's Suppliers
Operating 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 Operating Income fall for the quarter ending Sep 30 2021 within Financial SectorY/Y Change %Operating Income for the quarter ending Sep 30 2021
Citizens and Northern Corporation172.82%$ 172.824 millions
Evercore Inc 171.06%$ 171.058 millions
Kinsale Capital Group Inc 168.72%$ 168.722 millions
Dime Community Bancshares Inc160.77%$ 160.771 millions
Outfront Media Inc 158.96%$ 158.964 millions
Bimini Capital Management Inc 157.72%$ 157.721 millions
Riverview Bancorp Inc157.56%$ 157.561 millions
Atlantic Capital Bancshares inc 155.64%$ 155.644 millions
Limestone Bancorp Inc 152.97%$ 152.970 millions
Vici Properties Inc 152.27%$ 152.271 millions
Glen Burnie Bancorp151.62%$ 151.623 millions
Citigroup inc148.00%$ 147.996 millions
Rhinebeck Bancorp inc 143.69%$ 143.689 millions
Customers Bancorp Inc 142.85%$ 142.849 millions
Wells Fargo and Company141.83%$ 141.830 millions
Carlyle Group Inc 141.64%$ 141.639 millions
Blackstone Inc 140.78%$ 140.783 millions
Power Reit135.69%$ 135.690 millions
Houlihan Lokey Inc 135.24%$ 135.243 millions
Pathfinder Bancorp Inc 133.33%$ 133.333 millions
Evo Payments Inc 132.82%$ 132.822 millions
Realty Income Corporation128.39%$ 128.390 millions
Virtus Investment Partners Inc 127.47%$ 127.467 millions
Op Bancorp127.46%$ 127.463 millions
Cbtx inc 123.23%$ 123.232 millions
Regency Centers Corporation123.21%$ 123.212 millions
First Business Financial Services Inc 121.06%$ 121.063 millions
Site Centers Corp 118.85%$ 118.849 millions
Manning and Napier Inc 118.71%$ 118.707 millions
Bcb Bancorp Inc 115.30%$ 115.301 millions


       
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