EXHIBIT 12.1

CIT Group Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges (dollars in millions)

	Years Ended December 31,
	2016			2015			2014			2013			2012
Earnings:
Net (loss) income	$	(848.0	)	$	1,034.1		$	1,119.1		$	675.7		$	(592.3	)
(Benefit) provision for income taxes — continuing operations		203.5			(538.0	)		(432.4	)		50.4			77.8
Loss (income) from discontinued operation, net of taxes		665.4			(310.0	)		(443.4	)		(437.3	)		203.4
(Loss) income from continuing operations, before benefit (provision) for income taxes		20.9			186.1			243.3			288.8			(311.1	)
Fixed Charges:
Interest and debt expenses on indebtedness		753.2			731.4			715.1			751.2			1,789.4
Interest factor: one-third of rentals on real and personal properties		15.5			11.1			7.2			7.7			8.1
Total fixed charges for computation of ratio		768.7			742.5			722.3			758.9			1,797.5
Total earnings before provision for income taxes and fixed charges	$	789.6		$	928.6		$	965.6		$	1,047.7		$	1,486.4
Ratios of earnings to fixed charges		1.03	x		1.25	x		1.34	x		1.38	x		0.83	x