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Cit Group Inc   (CIT)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 

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 Commercial Banks industry 10 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. 775 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.
Commercial Banks Industry #11
Financial Sector #183
Overall #775

Operating Income Y/Y Growth Statistics
High Average Low
1112.7 % 46.15 % -94.5 %
(March 31, 2010)   (Dec 31 2017)
Operating Income third quarter 2021 Y/Y Growth Company Ranking
Within: No.
Commercial Banks Industry #11
Financial Sector #183
Overall #775
Operating Income Y/Y Growth Statistics
High Average Low
1112.7 % 46.15 % -94.5 %
(March 31, 2010)   (Dec 31 2017)

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)   (Mar 31 2015)


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

Within Commercial Banks industry 26 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.
Commercial Banks Industry #27
Financial Sector #612
Overall #1974
Operating Income Q/Q Growth Company Ranking
Within: No.
Commercial Banks Industry #27
Financial Sector #612
Overall #1974
Operating Income Q/Q Growth Statistics
High Average Low
996.16 % 39.19 % -100 %
(Mar 31 2021)   (Mar 31 2015)


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

Within Commercial Banks industry 26 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 $ -560.00
Y / Y Operating Income Growth (TTM) - - - - -
Year on Year Operating Income Growth Overall Ranking # 1944 # 0 # 0 # 0 # 1614
Seqeuential Operating Income Change (TTM) 13.62 % 116.22 % - - -
Seq. Operating Income Growth (TTM) Overall Ranking # 654 # 154 # 155 # 0 # 1687




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.
But from the previous reporting period increase was less at 13.62 % from $850.4 millions achieved in twelve months ending a quarter before Mathis Dupont continued.
There is slowdown developing, more evident if you pay attention to the usual sequential historic rise that is stronger at46.15% Mathis Dupont published. 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.

In the Financial sector 628 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 0 to 1944.

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.
Commercial Banks Industry # 11
Financial Sector # 629
Overall # 1944

Operating Income TTM Y/Y Growth Statistics
High Average Low
1115.04 %
77.4 %
-94.56 %
 


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.
But from twelve months ended Jun 30 2021 increase was slower at 13.62 % from $850.4 millions reported in the period from Jun 30 2021 to Sep 30 2020 Mathis Dupont added on.
There is stagnation happening, more noticeable if you pay attention to the average sequential historic advancement which is stronger at46.15%.
The progress was even higher from the previous reporting period clinched at 13.62 % rise 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.

In the Financial sector 628 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 0 to 1944.

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.
Commercial Banks Industry # 11
Financial Sector # 629
Overall # 1944

Operating Income TTM Y/Y Growth Statistics
High Average Low
1115.04 %
77.4 %
-94.56 %
 


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




Other Operating Income Growth
Commercial Banks 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 Commercial Banks 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



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Wells Fargo and Company141.83%$ 141.830 millions
Carlyle Group Inc 141.64%$ 141.639 millions
Blackstone Inc 140.78%$ 140.783 millions
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Houlihan Lokey Inc 135.24%$ 135.243 millions
Pathfinder Bancorp Inc 133.33%$ 133.333 millions
Phillips Edison and Company Inc 131.41%$ 131.405 millions
Marlin Business Services Corp 129.99%$ 129.988 millions
Realty Income Corporation128.39%$ 128.390 millions
Virtus Investment Partners Inc 127.47%$ 127.467 millions
Op Bancorp127.46%$ 127.463 millions
Stellar Bancorp Inc 123.23%$ 123.232 millions
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