Purchase by Craig Nix of tradable shares of First Citizens
| FCNCO Preferred Stock | USD 22.53 0.77 3.30% |
About 62% of CIT Group's investor base is looking to short. The current sentiment regarding investing in CIT Group Preferred preferred stock implies that many traders are alarmed. CIT Group's investing sentiment overview a quick insight into current market opportunities from investing in CIT Group Preferred. Many technical investors use CIT Group Preferred preferred stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
CIT |
Filed transaction by First Citizens Bancshares officer. General open market or private purchase of non-derivative or derivative security
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CIT Group Fundamental Analysis
We analyze CIT Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CIT Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CIT Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Earning
Price To Earning Comparative Analysis
CIT Group is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
CIT Group Preferred Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CIT Group preferred stock to make a market-neutral strategy. Peer analysis of CIT Group could also be used in its relative valuation, which is a method of valuing CIT Group by comparing valuation metrics with similar companies.
Peers
CIT Group Related Equities
| FULTP | Fulton Financial | 0.15 | ||||
| TCBIO | Texas Capital | 0.33 | ||||
| FCNCP | First Citizens | 1.71 | ||||
| FITBO | Fifth Third | 2.09 | ||||
| DCOMP | Dime Community | 4.76 |
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.