Cit 10Q 2015 Q3 Quarterly report | CIT Filing

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Bad

New words: accommodate, accomplish, actuarial, acute, adjudication, aGlossary, Alemany, ALLL, alsoNote, alternate, alternative, Alternatively, ample, ancillary, andCredit, andinterest, andNet, andOneWest, andOperating, anniversary, appointed, appointing, ARC, area, arisen, ARM, attestation, authoritative, auto, awaiting, basic, BCM, behavior, behavioral, benchmark, brand, broad, broader, broadly, bureau, buyback, calendar, cap, capability, Card, carryforward, categorization, categorized, CCAR, CCC, CCO, centralized, CEO, CET, CFP, chairman, Chairperson, chart, checking, clarify, closure, collaboration, commodity, comparison, competing, compounded, condominium, consecutive, contemplated, contemplation, contra, Conversely, Conversion, coordinated, copy, correlated, corroborated, corroboration, counsel, counteract, CPR, CRE, creation, creditor, criterion, CRO, curtailment, custodial, custody, death, declaration, declared, degradation, degree, delineate, delivering, demonstrate, demonstrating, depositor, derecognize, deviation, DFAST, directionally, disaster, disciplinary, disease, disposition, disruption, distressed, diversification, diversity, downtime, Dune, economy, education, elderly, Ellan, embodied, EMC, employ, encompassed, EPS, ERM, escrow, ethical, evidential, EWI, exact, expert, expiry, extraction, facilitate, fact, Fannie, Fed, FHA, FICO, film, finite, floor, FNMA, Force, foreclosed, foreclosure, foreseeable, forthcoming, found, Francisco, fraud, FRC, Freddie, Freedom, FSB, FV, gauge, GDP, GNMA, goal, governmental, grown, GSE, guide, HAMP, harm, health, heavy, HECM, Heightened, HELOC, holder, homebuilder, homeowner, hotel, hotline, housing, HPI, HUD, hundred, IAS, identical, idiosyncratic, illegal, illustrative, impending, Importantly, IMV, incident, inconsequential, inCredit, indemnified, indemnify, indemnity, Indy, indymac, infrastructure, input, Inspector, interrelationship, interruption, investigation, investor, IRR, irrevocable, Isaac, isolation, issuedASU, joined, Jolla, jumbo, junior, jurisdiction, JV, knowledge, La, laundering, LCM, LCR, leadership, Learning, leasehold, liable, lieu, lifetime, LIHTC, linked, literacy, Living, LJB, LMI, lndyMac, LOCOM, logic, lost, lot, LP, LTV, lump, Mac, macroeconomic, Mae, magnify, marketplace, MBS, medical, membership, MethodCore, MGC, midcycle, mirror, misconduct, mobility, monetary, monthly, mortality, movement, multifamily, mutual, NAB, network, neutralize, newly, ninety, nonaccretable, nonaccrual, noninterest, nonmarketable, nonperformance, nonrecourse, nonrecurring, nonspecific, numerator, obsolescence, occupancy, occupied, Ocwen, OIG, operationalize, opposite, OREO, outflow, outlay, outlined, output, overcollateralization, overnight, oversee, overseeing, overseen, overstatement, owner, PAA, paramount, passed, passenger, PB, PCI, peer, person, personal, personnel, pertain, pertaining, petition, physical, political, pool, pooled, possession, practice, pre, predetermined, premium, prepay, preserve, preventive, prioritized, privacy, processing, promote, promoting, proprietary, provisional, proxy, push, quantity, reassessment, recalibrating, recaptured, reclassified, reclassify, reclassifying, recomputed, referral, refreshed, rehabilitate, reimbursable, reimburse, reimbursed, reimbursement, relied, relocation, remeasured, remedial, removal, remove, renovation, residence, residential, resiliency, responding, RMC, RMG, ROA, role, roll, royalty, RWA, San, SAS, saved, SBA, scale, score, scoring, Secretary, sector, SeeBackground, SeeIndemnification, SeeNet, SeeOneWest, seller, SFR, showing, site, SLS, Society, standing, steady, stemming, step, stockholder, stratification, stratified, stratify, stratifying, stream, stressed, submission, substance, substandard, surviving, synonymously, systematic, systematically, Task, Tatira, taxation, taxpayer, team, technical, technique, terrorism, theGlossary, theImpairment, theOneWest, thousand, threatened, timeframe, title, Tolerance, tool, Topic, TPG, traditional, traffic, trailing, TransactionTransportation, trial, TSSP, unadjusted, unaffected, unamortized, unapplied, unavailable, uncollected, uncollectible, unconsolidated, understatement, undiscounted, unencumbered, unethical, unevenly, unhedged, unilaterally, uninsured, unrelated, unremitted, unvested, upgraded, upheaval, Urban, VA, validated, validation, variance, vault, verified, version, Vice, vintage, voluntary, volunteer, VRWG, warning, waterfall, website, whichever, wholly, Wiatt, workforce, workplace, writing, youth

Removed: afford, Asia, benign, blanket, consummated, consummation, convention, cyclical, deal, defending, eliminate, emphasizing, enforcement, glossary, headquartered, IItem, institutional, Lake, lessened, limiting, migrate, NACF, proactively, runoff, salary, Salt, sixty, staffing, sweep, USD, vigorously

	At or For the Quarters Ended									Nine Months Ended September 30,
	September 30, 2015			June 30, 2015			September 30, 2014			2015			2014
Earnings:
Net income	$	693.1		$	115.3		$	514.9		$	912.1		$	879.0
(Benefit) Provision for income taxes – continuing operations		(560.0	)		37.8			(401.2	)		(478.2	)		(369.6	)
Loss (income) from discontinued operation, net of taxes		3.7			—			0.5			3.7			(53.5	)
Income from continuing operations, before (benefit) provision for income taxes		136.8			153.1			114.2			437.6			455.9
Fixed Charges:
Interest and debt expenses on indebtedness		280.3			265.2			275.2			816.8			809.3
Interest factor: one-third of rentals on real and personal properties		3.4			2.0			1.8			7.2			5.3
Total fixed charges for computation of ratio		283.7			267.2			277.0			824.0			814.6
Total earnings before provision for income taxes and fixed charges and noncontrolling interests	$	420.5		$	420.3		$	391.2		$	1,261.6		$	1,270.5
Ratios of earnings to fixed charges		1.48	x		1.57	x		1.41	x		1.53	x		1.56	x

Cit (CIT) 10-Q2015 Q3 Quarterly report

Content analysis