8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 8, 2005

CIT GROUP INC.
(Exact name of registrant as specified in its charter)

Delaware	001-31369	65-1051192
(State or other	(Commission	(IRS Employer
jurisdiction of	File Number)	Identification No.)
	incorporation)

1211 Avenue of the Americas
New York, New York 10036
(Address of registrant’s principal executive office)

Registrant’s telephone number, including area code: (212) 536-1211

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 7 –Regulation FD

Item 7.01. Regulation FD Disclosure.

        This Current Report on Form 8-K includes as an exhibit the slides from a presentation given by management at CIT’s Investor Day conference on November 8, 2005. All amounts in the presentation are at or for the period ending September 30, 2005, unless otherwise noted. A live webcast of the presentation, in addition to the accompanying slides, will be available at http://ir.cit.com on November 8, 2005 at 8:00 a.m. Eastern Standard Time and is expected to last until approximately 12:45 p.m. Eastern Standard Time. A replay of the live webcast will be archived at the same web address from Tuesday, November 8, 2005 at approximately 6:00 p.m. until 11:59 p.m. on November 30, 2005. The slides from the presentation are attached as Exhibit 99.1. Those slides are furnished pursuant to Item 7.01 and the information contained in Exhibit 99.1 shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities under that Section. Furthermore, the information in Exhibit 99.1 shall not be deemed to be incorporated by reference into CIT’s filings under the Securities Act of 1933.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

99.1 Slides from presentation by management to investors at CIT’s Investor Day conference on November 8, 2005.

        This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this document that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” “target,” and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements reflect the current views of CIT and its management. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties, contingencies, and changes in circumstances, many of which are beyond CIT’s control, that may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that could affect actual results and performance include, but are not limited to, potential changes in interest rates, competitive factors and general economic conditions, changes in funding markets, industry cycles and trends, uncertainties associated with risk management, risks associated with residual value of leased equipment, and regulatory factors, among others. More detailed information about these factors are described in CIT’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2004 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2005. CIT is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CIT GROUP INC.
(Registrant)
By:	/s/ William J. Taylor
	William J. Taylor
	Executive Vice President & Controller
	(Principal Accounting Officer)

Dated: November 8, 2005

 

EX-99.1

2006 OUTLOOK

Jeffrey M. Peek

Chairman and Chief Executive Officer

What You Have Heard Today

Vision &

Strategy

Sales & Marketing

Business Execution

Risk Management & Capital Discipline

Trade
Finance

Transportation
Finance

Corporate
Finance

Vendor
Finance

Consumer /
SBL

2

Targets

16.4%

27%

YTD 2005

Updated

Initial

15%

Mid-teens

16%+

ROTE

20%+

EPS growth

Exceeding Our 2005 Targets

3

*Assumes consistent treatment of option expense

2006 Earnings Guidance

Target

15%

Mid-teens

ROE

EPS Growth*

4

Execution of our Strategy Will
Drive 2006 Results

Trade Finance, Vendor Finance, Corporate Finance
initiatives critical to success

Invest in Energy, Advisory and Technology

Grow sales force from 1,275 to 1,575

Increase pipeline visibility through Salesforce.com

Leverage strategic account program

Pursue next round of expense opportunities, including
offshoring and further platform consolidation

Invest in technology

Expand analytics, syndication and hedging

Maintain historic discipline (no compromise for growth)

Further diversify funding including brokered deposits
through CIT Bank

Implement risk-based capital allocation at customer level

Sector
Alignment

Client

Focus

Productivity
Management

Credit and
Risk Management

Capital
Discipline

build to script

5

Looking Ahead

EPS Growth 15%+ / ROE 16-18%

The leading global finance company for the middle market

Trade
Finance

Maintain #1 position
in U.S. market

Leadership in
attractive non-
traditional segments

Build international
platform

Transportation

Finance

Leadership position
(top 3 player)

The most modern
fleet

Participation in
emerging air markets
(Asia and India)

Increasing
penetration of non-
spread products

Corporate
Finance

Partner of choice for
middle market
companies

A leader in each
target customer-
focused market

Increasing
penetration of non-
spread revenue

Vendor
Finance

The #1 global provider
of vendor finance

Increasing penetration
of current partners
within and across
geographies

Scale global back-
office platforms

Consumer/

SBL

#1 provider of sub-
prime home lending
with targeted brokers

The #1 SBA lender in
U.S.

Leader in student
lending (top 5 player)

Continued provider of
growth and earnings
diversification

build to
script

6