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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 - 115.20 116.80 170.70
II Quarter June - -158.50 170.20 204.70
I Quarter March 400.10 -696.60 157.00 145.00
FY   400.10 -703.40 623.90 637.00



CIT Operating Income first quarter 2021 Y/Y Growth Comment
Cit Group Inc in the first quarter achieved Operating Income of $ 400.10 millions compare to Operating Loss recorded in same quarter a year ago.

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

Explain Operating Income growth


CIT Operating Income ( Y/Y Growth %) 2021
2020 2019 2018
IV Quarter December - -79.71 % 54.29 % -
III Quarter September - -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 first quarter 2021 Operating Income $ 400.10 millions CIT's Income Statement
Cit Group Inc 's first quarter 2020 Operating Income $ -696.60 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 - - -31.37 % -16.61 %
II Quarter June - - 8.41 % 41.17 %
I Quarter March 996.16 % - 34.65 % -
FY (Year on Year)   - - -2.06 % 232.46 %




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

Operating Income Y/Y Growth Statistics
High Average Low
355.92 % -11.37 % -100 %
(Dec 31 2013)   (Dec 31 2015)
Operating Income first quarter 2021 Y/Y Growth Company Ranking
Within: No.
Consumer Financial Services Industry #
Financial Sector #
Overall #0
Operating Income Y/Y Growth Statistics
High Average Low
355.92 % -11.37 % -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 % 42.35 % -100 %
(Mar 31 2021)  


CIT's I. Quarter Q/Q Operating Income Comment
Cit Group Inc achieved in the I. Quarter 2021 above company average sequential Operating Income doubling of 996.16%, to $ 400.10 millions, from $36.50 millions in the forth quarter.
Consumer Financial Services company is undergoing a remarkable growth, not just reporting better then regular growth, but also increasing speed.

Within Consumer Financial Services industry 2 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 12.


Operating Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #3
Financial Sector #4
Overall #12
Operating Income Q/Q Growth Company Ranking
Within: No.
Consumer Financial Services Industry #3
Financial Sector #4
Overall #12
Operating Income Q/Q Growth Statistics
High Average Low
996.16 % 42.35 % -100 %
(Mar 31 2021)  


CIT's I. Quarter Q/Q Operating Income Comment
Cit Group Inc achieved in the I. Quarter 2021 above company average sequential Operating Income doubling of 996.16%, to $ 400.10 millions, from $36.50 millions in the forth quarter.
CIT is undergoing a remarkable growth, not just recording above average growth, but also accelerating speed, Madison Harris, Financial sector researcher from Philadelphia added.

Within Consumer Financial Services industry 2 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 12.


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


Operating 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 Operating Income 12 Months Ending $ 393.30 $ -703.40 $ 253.40 $ -558.40 $ -229.70
Y / Y Operating Income Growth (TTM) - - -58.76 % - -
Year on Year Operating Income Growth Overall Ranking # # # 1783 # #
Seqeuential Operating Income Change (TTM) - - -17.83 % - -
Seq. Operating Income Growth (TTM) Overall Ranking # # # 1957 # #




Cumulative Operating Income growth Comment
In the Mar 31 2021 period, Cit Group Inc had cumulative twelve months Operating Income of $ 393 millions compare to Operating Loss of $ -230 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 %
45.08 %
-94.5 %
(March 31, 2010)  

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 #
Sector #
S&P 500 # 0
Cumulative Operating Income growth Comment
In the Mar 31 2021 period, Cit Group Inc had cumulative twelve months Operating Income of $ 393 millions compare to Operating Loss of $ -230 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 %
45.08 %
-94.5 %
(March 31, 2010)  


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 #
Sector #
S&P 500 # 0




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 doubling for the quarter ending Mar 31 2021 within Financial SectorY/Y Change %Operating Income for the quarter ending Mar 31 2021
Mastercard Incorporated-0.63%$ -0.633 millions
Victory Capital Holdings Inc -0.96%$ -0.957 millions
Mid america Apartment Communities Inc -1.20%$ -1.199 millions
Brixmor Property Group Inc -1.45%$ -1.448 millions
National Retail Properties Inc -2.53%$ -2.535 millions
Highwoods Properties Inc -3.04%$ -3.044 millions
Brandywine Realty Trust-3.08%$ -3.083 millions
Federal Realty Investment Trust-3.43%$ -3.432 millions
Radian Group Inc-3.49%$ -3.492 millions
Bgc Partners Inc -3.52%$ -3.524 millions
Elevate Credit Inc -3.67%$ -3.672 millions
Axos Financial Inc -4.78%$ -4.782 millions
Cigna Corporation-5.05%$ -5.046 millions
Realty Income Corporation-5.13%$ -5.131 millions
Lpl Financial Holdings Inc -5.89%$ -5.894 millions
Weingarten Realty Investors-6.77%$ -6.768 millions
Invesco Currencyshares Australian Dollar Trust-7.17%$ -7.171 millions
Regency Centers Corporation-7.28%$ -7.277 millions
Simon Property Group inc -7.67%$ -7.674 millions
Lamar Advertising Co-7.92%$ -7.920 millions
Visa Inc -8.74%$ -8.741 millions
The Bank Of New York Mellon Corporation-8.85%$ -8.854 millions
Cboe Global Markets inc -9.63%$ -9.629 millions
Paramount Group Inc -9.75%$ -9.752 millions
Erie Indemnity Company-11.20%$ -11.198 millions
Gamco Investors Inc Et Al-11.32%$ -11.319 millions
Cousins Properties Inc-11.76%$ -11.764 millions
Apollo Commercial Real Estate Finance Inc -13.96%$ -13.958 millions
Phillips Edison and Company Inc -14.63%$ -14.633 millions
Boston Properties Inc -15.44%$ -15.439 millions


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