CIT Group (CIT)

34.79 -0.37  -1.05%  May 25, 11:00PM Go Pro
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CIT Group Altman Z-Score

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About Altman Z-Score

CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.

The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.

Note that this is a probabilistic model, so it will not classify perfectly.

The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."

Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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CIT News

What the Big Guns are Doing
May 24, 2:25PM Fox Business
CIT GROUP INC Financials
May 16, 1:04PM
Market focus shifts to policy uncertainty
May 07, 12:27PM Financial Times
CIT Arranges Financing for National Resources
Apr 30, 8:31AM Business Wire
$F $GE $CIT Rising Stars Accelerate as Ford Freed From Junk: Credit Markets. http://stks.co/3VTt
about 33 days ago by journalistjosh
$CIT http://stks.co/3VKG big up candle yesterday; bearish gulfing in short order so far today
about 33 days ago by Xiphos_Trading
HIGH $PUT VOLU $PH 789% $RIGL 667% $SYMC 530% $HSY 519% $BIG 503% $CIT 446% $CXW 429% $GWW 371% $FTNT 342% $PSS 325%
about 34 days ago by livevol_pro
[$$] CIT Group Posts Loss
Apr 24, 9:04AM
Listen to $CIT Q1 2012 earnings call - live at 08:00 AM, ondemand after - http://stks.co/3Tb5
about 34 days ago by earningscast
http://stks.co/3TSK Earning to focus before market opens: $MMM $T $AKS $BHI $CIT $HSY $LPL $PCAR $RYN $WFT $X $WU
about 35 days ago by freefdawatchlistcom
from the prop desk: watching $CIT $MAT $ECYT $RENN $CRM $AAPL $V http://dcl.sr/11g
about 42 days ago by mbellafiore_smb
Some names/charts pulling back right to their 50d: $WDC $CSCO $RJF $TIF $PETM $CIT $GD $NVLS
about 50 days ago by TheEquitiesRoom
$CIT filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/3FEG
about 53 days ago by MarketBrief
Trading down to 20d: $CIT $VECO $RIG $DGI $ATHN $ITMN $CERN $ARGN $ECA 50d: $LAZ $WBS $ATW $WLL $SKX 200d: $SWY
about 62 days ago by TheEquitiesRoom
Largest bearish ISE sentiment today so far in $XOP $XME $XLB $CIT $OIH
about 67 days ago by Attitrade
HIGH $PUT VOLU $LCC 1001% $GOLD 825% $LFC 792% $DISH 712% $ONXX 611% $WLP 527% $JBLU 518% $GME 485% $MHP 466% $CIT 325%
about 67 days ago by livevol_pro
HIGH $PUT VOLU $NBIX 41480% $CTRP 1143% $GES 945% $TTWO 644% $RVSN 556% $ITMN 384% $ROST 355% $CIT 346% $COP 289% $VMED 286%
about 74 days ago by livevol_pro
I can't believe $CIT is doing so well. They used to have such a high borrowing cost.
about 75 days ago by bradloncar
Breaking down bank stocks: Chris Whalen likes $CIT $STI $BMTC $CFR http://stks.co/2Xzf
about 94 days ago by colarusso42
Yea $CIT has been lowering its cost of capital, but i still don't see the point of investing in a lender that has big debt probs of its own.
about 98 days ago by bradloncar
Bruce #Berkowitz “Sears Intrinsic Value is the $64 Question” http://stks.co/2Jbn $FAIRX $SHLD $AIG $BAC $CIT $AIA $BAC $GGP $LUK $JOE
about 110 days ago by valuewalk
$DB Said to Limit Bonuses [Morning Update] http://stks.co/2Ivb $CIT $C $OPEN #MHP $GREK $RBS $BLK $BAC $JPM $WFC
about 110 days ago by valuewalk
Fairholme’s 2011 Results Show the Risk of Concentrated Positions in Hard to Value Businesses http://stks.co/2EmX $FAIRX $AIG $BAC $CIT
about 115 days ago by valuewalk
$CIT amended latest Quarterly Report http://stks.co/2Ccv
about 117 days ago by MarketBrief
Sears Plunges As $CIT Reins In Loans (Again) @ZeroHedge http://stks.co/2BuD $SHLD
about 117 days ago by valuewalk
@jimcramer Would you lend to $SHLD suppliers? $CIT
about 118 days ago by thomasatwood
Unless you are a masochist, it's probably best to avoid $SHLD entirely. Down 4.5% today on yet another report of $CIT halting loans. Oy.
about 118 days ago by lamonicabuzz
RT @Benzinga $CIT May Stop Lending to $SHLD Suppliers -Reuters
about 118 days ago by 1973Hog
$CIT May Stop Lending to $SHLD Suppliers -Reuters
about 118 days ago by Benzinga
Listen to $CIT Q1 earnings call - live at 08:00 AM, ondemand after - http://stks.co/2AG9
about 118 days ago by earningscast
$CIT CIT Group beats by $0.18
about 118 days ago by trending123
Two Earnings Reaction Trades for the Early Bird Tomorrow http://stks.co/29sb $CIT $HHS
about 119 days ago by harmongreg
$CIT http://stks.co/28l9 Top 10 Bonus Idea from 2 weeks ago still going, like it to 40
about 120 days ago by harmongreg
Sears up another 7% today. $SHLD now up more than 60% since report of $CIT halting loans to vendors. Short squeeze of all short squeezes?
about 126 days ago by lamonicabuzz

Recent Quotes

Symbol Price Chg Chg % Market Cap
CIT 34.79 -0.37 -1.05% 6.986B
CISG 7.00 -0.07 -0.99% 353.85M
CIS 1.99 -0.14 -6.57% 88.36M
CINF 35.66 +0.02 +0.06% 5.789B
CIMT 4.314 +0.00 +0.04% 42.76M
CIM 2.82 +0.03 +1.08% 2.897B
CII 12.76 +0.01 +0.08%
CIGX 3.98 +0.00 +0.00% 579.69M
CIG 17.22 +0.06 +0.35% 14.69B
CCIX 9.03 +0.27 +3.08% 157.57M
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