EXHIBIT 12.1

CIT Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (dollars in millions)

	Quarters Ended									Six Months Ended
	June 30, 2016			March 31, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Earnings:
Net income	$	14.1		$	146.9		$	115.3		$	161.0		$	219.0
Provision for income taxes – continuing operations		94.3			52.7			37.8			147.0			81.8
Loss from discontinued operation, net of taxes		167.0			4.8			–			171.8			–
Income from continuing operations, before provision for income taxes		275.4			204.4			153.1			479.8			300.8
Fixed Charges:
Interest and debt expenses on indebtedness		282.5			286.4			265.2			568.9			536.5
Interest factor: one-third of rentals on real and personal properties		4.5			3.1			2.0			7.6			3.8
Total fixed charges for computation of ratio		287.0			289.5			267.2			576.5			540.3
Total earnings before provision for income taxes and fixed charges	$	562.4		$	493.9		$	420.3		$	1,056.3		$	841.1
Ratios of earnings to fixed charges		1.96	x		1.71	x		1.57	x		1.83	x		1.56	x