www.USPages.com - the best of US business
     Home Page
The Fortune 500
Business Directory
About us
Contact US Pages
Site Map


  USPages Latest Business News
 Aviation Front Page
 Media Biz Front Page
 Sports Biz Front Page

  At A Glance
   CIT Group Inc.
Industry: Consumer Financial Services
1 CIT Drive
New Jersey
NJ
07039
http://www.cit.com
USPages > Consumer Financial Services > CIT Group Inc.
413
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.


CIT Group Inc.
1 CIT Drive
New Jersey
NJ
07039


Contact Details
Phone: 973-740-5000
Fax: N/A
Website: http://www.cit.com
Stock Symbol: CIT - Click for price

Next Page: the 414th ranked company Fisher Scientific International Inc
See more from the Consumer Financial Services


Home Page Contact US Pages About US Pages US Offices Fortune 500