CIT Group Inc (CIT): Today's Featured Financial Services Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

CIT Group (CIT) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day down 0.3%. By the end of trading, CIT Group rose 42 cents (1.1%) to $40.29 on average volume. Throughout the day, 1.8 million shares of CIT Group exchanged hands as compared to its average daily volume of 1.3 million shares. The stock ranged in a price between $39.79-$40.59 after having opened the day at $39.99 as compared to the previous trading day's close of $39.87. Other companies within the Financial Services industry that increased today were: Millennium India Acquisition Corporation (SMCG), up 7.1%, Asset Acceptance Capital Corporation (AACC), up 4.2%, VelocityShares 3x Inverse Silver ETN S&P GS (DSLV), up 4.1%, and Newtek Business Services (NEWT), up 3.6%.

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CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing, leasing products, and other services to small and middle market businesses. CIT Group has a market cap of $7.94 billion and is part of the financial sector. Shares are up 13.4% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate CIT Group a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates CIT Group as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and disappointing return on equity.

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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR (XLF) while those bearish on the financial services industry could consider Proshares Short Financials (SEF).

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For more information on CIT Group Inc click any of the following:

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• CIT Group Inc Key Stats & Profile

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• CIT Group Inc Growth Rates

• CIT Group Inc Balance Sheet

• CIT Group Inc Cash Flow

• CIT Group Inc Income Statement