CIT Group Inc. provided return on tangible common equity guidance for the fourth quarter of 2018 and tax rate and return on tangible common equity guidance for the full years 2018 and 2019. The company expects to achieve a return on tangible common equity around 9.5% to 10% in the fourth quarter of 2018. For the full year 2018, the company's effective tax rate before the impact of discrete items is expected to be in the 26% to 28% range, reflecting U.S. tax reform and the mix of its businesses. For the full year 2019, the company expects to continue to improve its return on tangible common equity to 11%, the lower end of medium term target range. The company expects to achieve this primarily from reverse - from revenue growth in core businesses, continuous improvement in efficiency ratio and further reduction of common equity Tier 1 ratio to the upper end of 10% to 11% target range. Return on tangible common equity walk that takes from 8.1% on a normalized basis in the fourth quarter of 2017 to about 11% in the fourth quarter of 2019, including the elements that need to execute against.