Matthew Martin - CIT Group Chief Sec
| FCNCO Preferred Stock | USD 23.39 0.17 0.72% |
Insider
Matthew Martin is Chief Sec of CIT Group Preferred
| Phone | 919 716 7000 |
| Web | https://www.firstcitizens.com |
CIT Group Management Efficiency
The company has return on total asset (ROA) of 0.0131 % which means that it generated a profit of $0.0131 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1525 %, meaning that it generated $0.1525 on every $100 dollars invested by stockholders. CIT Group's management efficiency ratios could be used to measure how well CIT Group manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
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Management Performance
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0131 |
CIT Group Preferred Leadership Team
Elected by the shareholders, the CIT Group's board of directors comprises two types of representatives: CIT Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CIT. The board's role is to monitor CIT Group's management team and ensure that shareholders' interests are well served. CIT Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CIT Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Matthew Martin, Chief Sec | ||
| Frank Holding, Chairman CEO | ||
| Jeffery Ward, Chief Officer | ||
| Hope Bryant, Vice Exec | ||
| Lorie Rupp, Chief Officer | ||
| Deanna Hart, VP Relations | ||
| West Ludwig, Ex Officer | ||
| Peter Bristow, Corp Pres | ||
| Craig Nix, CFO Officer | ||
| Barbara Thompson, Director Marketing |
CIT Preferred Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is CIT Group a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0131 | ||||
| Profit Margin | 0.27 % | ||||
| Operating Margin | 0.30 % | ||||
| Shares Owned By Institutions | 16.64 % | ||||
| Number Of Shares Shorted | 80.49 K | ||||
| Price To Earning | 0.37 X | ||||
| Revenue | 1.84 B | ||||
| Gross Profit | 4 B | ||||
| EBITDA | 894.5 M |
Pair Trading with CIT Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CIT Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CIT Group will appreciate offsetting losses from the drop in the long position's value.Moving together with CIT Preferred Stock
Moving against CIT Preferred Stock
| 0.4 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.39 | AX | Axos Financial | PairCorr |
| 0.34 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.32 | EFSC | Enterprise Financial Fiscal Year End 27th of January 2025 | PairCorr |
The ability to find closely correlated positions to CIT Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIT Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CIT Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CIT Group Preferred to buy it.
The correlation of CIT Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CIT Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CIT Group Preferred moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CIT Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.