CIT Group Financials
| FCNCO Preferred Stock | USD 23.97 0.51 2.17% |
CIT |
Understanding current and past CIT Group Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of CIT Group's financial statements are interrelated, with each one affecting the others. For example, an increase in CIT Group's assets may result in an increase in income on the income statement.
CIT Group Preferred Stock Summary
CIT Group competes with Capital One, Capital One, Bank of America, and KeyCorp. First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. First Citizens BancShares, Inc. was founded in 1898 and is headquartered in Raleigh, North Carolina. First Citizens operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 6578 people.Specialization | Financial Services, Banks - Regional |
| Instrument | USA Preferred Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | US31959X2027 |
| CUSIP | 31959X202 |
| Location | North Carolina; U.S.A |
| Business Address | 4300 Six Forks |
| Sector | Financial Services |
| Industry | Banks—Regional |
| Benchmark | Dow Jones Industrial |
| Website | www.firstcitizens.com |
| Phone | 919 716 7000 |
| Currency | USD - US Dollar |
CIT Group Key Financial Ratios
CIT Group's financial ratios allow both analysts and investors to convert raw data from CIT Group's financial statements into concise, actionable information that can be used to evaluate the performance of CIT Group over time and compare it to other companies across industries.CIT Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CIT Group's current stock value. Our valuation model uses many indicators to compare CIT Group value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CIT Group competition to find correlations between indicators driving CIT Group's intrinsic value. More Info.CIT Group Preferred is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.09 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for CIT Group Preferred is roughly 11.64 . Comparative valuation analysis is a catch-all model that can be used if you cannot value CIT Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CIT Group's Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.CIT Group Preferred Systematic Risk
CIT Group's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. CIT Group volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on CIT Group Preferred correlated with the market. If Beta is less than 0 CIT Group generally moves in the opposite direction as compared to the market. If CIT Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one CIT Group Preferred is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of CIT Group is generally in the same direction as the market. If Beta > 1 CIT Group moves generally in the same direction as, but more than the movement of the benchmark.
CIT Group November 22, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of CIT Group help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of CIT Group Preferred. We use our internally-developed statistical techniques to arrive at the intrinsic value of CIT Group Preferred based on widely used predictive technical indicators. In general, we focus on analyzing CIT Preferred Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CIT Group's daily price indicators and compare them against related drivers.
| Downside Deviation | 0.6549 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.28 |
Other Information on Investing in CIT Preferred Stock
CIT Group financial ratios help investors to determine whether CIT Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in CIT with respect to the benefits of owning CIT Group security.