CIT Group Inc.
Industry: Consumer Financial Services

The CIT family of companies are subsidiaries of Tyco International Ltd. (NYSE: TYC, LSE: TYI, BSX: TYC). CIT is a leading, global source of financing and leasing capital and an advisor for companies in more than 30 industries. Managing $50 billion in assets across a diversified portfolio, CIT is the trusted financial engine empowering many of today's industry leaders and emerging businesses, offering vendor, equipment, commercial, factoring, consumer and structured financing capabilities. Founded in 1908, CIT operates extensively in the United States and Canada with strategic locations in Europe, Latin and South America, and the Pacific Rim.

Business Summary
CIT Group Inc. (CIT) is a global commercial and consumer finance company. It provides a range of financing and leasing products to small, medium and larger companies across a variety of industries, including manufacturing, retailing, transportation, aerospace, construction, technology, communication and various service-related industries. It offers vendor, equipment, commercial, factoring, home lending, small business, educational lending and structured financing products. The Company's five business segments are Specialty Finance-commercial, Specialty Finance-consumer, Commercial Finance, Equipment Finance and Capital Finance. In February 2005, the Company broadened its product offering with the acquisition of Education Lending Group, which offers student loans, primarily those guaranteed by the United States Government.

Financial Summary
For the nine months ended 30 September 2005, CIT Group Inc's revenues rose 18% to $4.07B. Net income rose 18% to $650.6M. Revenues reflects the acquisition of Education Lending Group and strong performances from the Specialty Finance segment. Net income reflects lower provision for credit losses, improved operating margins and reduction in depreciation expense on operating lease equipment.