Is it good to buy cit today

**CIT Group Inc Pref Series B (CIT_pb) does not appear to be a strong buy at this time.** Here's why: 1. **Average Annual Yield**: The preferred stock, Series B of CIT Group, yields 5.625%, which is above the average yield of 5.50% in the "Financial" preferred stock category. This suggests that the stock may be overvalued based on its dividend yield. 2. **Non-Cumulative Perpetual**: The stock is non-cumulative perpetual, meaning that if a dividend is missed, it does not have to be paid back before resuming a common dividend. This can be risky for investors as it exposes them to the credit risk of the issuer. 3. **Historical Performance**: The stock has not seen any significant change in price in the past year, with a 1-year change of 0%. This lack of movement suggests that investors may not be strongly interested in the stock or that it is not seen as a high-growth opportunity. 4. **Market Sentiment**: The stock's trading price is currently at a 3.32% premium to its liquidation preference amount, which is lower than the average premium in the "Financial" category. This could indicate that the market does not expect the stock to perform significantly above its liquidation value. In conclusion, while the yield is attractive, the lack of growth potential, the non-cumulative perpetual nature, and the premium being lower than average suggest that CIT Group Inc Pref Series B may not be a good buy at this time. Investors should consider these factors and their own risk tolerance before making a decision.