CIT Group Management Discusses Q2 2012 Results - Earnings Call Transcript

CIT Group (CIT)

Q2 2012 Earnings Call

July 30, 2012 8:00 am ET

Executives

Kenneth A. Brause - Executive Vice President of Investor Relations

John A. Thain - Chairman and Chief Executive Officer

Scott T. Parker - Chief Financial Officer, Chief Accounting Officer and Executive Vice President

Analysts

Christopher Brendler - Stifel, Nicolaus & Co., Inc., Research Division

Donald Fandetti - Citigroup Inc, Research Division

Mark C. DeVries - Barclays Capital, Research Division

Bill Carcache - Nomura Securities Co. Ltd., Research Division

Moshe Orenbuch - Crédit Suisse AG, Research Division

Eric E. Wasserstrom - UBS Investment Bank, Research Division

Bradley G. Ball - Evercore Partners Inc., Research Division

David S. Hochstim - The Buckingham Research Group Incorporated

Sameer Gokhale - Janney Montgomery Scott LLC, Research Division

Henry J. Coffey - Sterne Agee & Leach Inc., Research Division

Kenneth Bruce - BofA Merrill Lynch, Research Division

Presentation

Operator

Good morning, and welcome to CIT's Second Quarter 2012 Earnings Conference Call. My name is Frances, and I'll be your operator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now turn the call over to Ken Brause, Director of Investor Relations. Please proceed, sir.

Kenneth A. Brause

Thank you, Frances, and good morning, everybody. And welcome to CIT's Second Quarter 2012 Earnings Conference Call. Our call will be hosted by John Thain, our Chairman and CEO; and Scott Parker, our CFO. After their prepared remarks, we will have a question-and-answer session. [Operator Instructions] We will do our best to answer as many questions as possible in the time we have this morning.

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