NEW YORK--(BUSINESS WIRE)--CIT Group Inc. (NYSE:CIT), today reported net income of $104 million, $0.59 per diluted share, for the quarter ended March 31, 2015, compared to net income of $117 million, $0.59 per diluted share, for the first quarter of 2014. First quarter results were impacted by a higher tax provision resulting from the recognition of federal income tax expense due to the prior year partial reversal of the valuation allowance against our net deferred tax asset. “During the quarte
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