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

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 lower today making it today's featured Financial Services laggard. The industry as a whole was unchanged today. By the end of trading, CIT Group fell 41 cents (-1.1%) to $36.64 on light volume. Throughout the day, 759,278 shares of CIT Group exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in price between $36.60-$37.13 after having opened the day at $37.09 as compared to the previous trading day's close of $37.05. Other companies within the Financial Services industry that declined today were: US Global Investors ( GROW), down 5%, Ampal-American Israel Corporation ( AMPL), down 4.8%, Asset Acceptance Capital Corporation ( AACC), down 4.6%, and Janus Capital Group ( JNS), down 4%.
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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 $7.43 billion and is part of the financial sector. Shares are up 6.1% year to date as of the close of trading on Friday. 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, disappointing return on equity and weak operating cash flow.

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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