CIT Group Inc
Score: Positive (74)
2 days at current score.
Upgraded from Neutral on November 6th 2018
- This company ranked positively compared to the Financials sector despite 2 negative IHS Markit Categories
- Perception of the company's creditworthiness is negative
- Bearish sentiment is low
- Economic output for the sector is expanding but at a slower rate
Short interest | Positive
Short interest is low for CIT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
ETF/Index ownership | Neutral
ETF activity is neutral. ETFs that hold CIT had net inflows of $1.64 billion over the last one-month.
PMI by IHS Markit | Negative
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing.
Credit default swap | Negative
The current level displays a negative indicator. CIT credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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