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 up 0.3%. By the end of trading, CIT Group rose $1.75 (4.3%) to $42.63 on heavy volume. Throughout the day, 3,107,401 shares of CIT Group exchanged hands as compared to its average daily volume of 1,426,500 shares. The stock ranged in a price between $41.32-$43.03 after having opened the day at $41.98 as compared to the previous trading day's close of $40.88. Other companies within the Financial Services industry that increased today were: FBR ( FBRC), up 11.6%, Atlanticus Holdings ( ATLC), up 6.2%, Global X Silver Miners ETF ( SIL), up 5.7% and First Marblehead Corporation ( FMD), up 5.2%.
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CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products, as well as deposit products and savings accounts. CIT Group has a market cap of $8.4 billion and is part of the financial sector. Shares are up 5.8% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates CIT Group as a sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.

On the negative front, China Ceramics ( CCCL), down 12.7%, Carlyle Group ( CG), down 4.7%, World Acceptance Corporation ( WRLD), down 4.6% and ProShares UltraShort DJ-UBS Commodity ( CMD), down 4.5% , were all laggards within the financial services industry with T. Rowe Price Group ( TROW) being today's financial services industry laggard.

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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