cit PressReleaseSept2004FINALMerged

CIT Group Inc. reported strong financial results for Q3 2004, with diluted EPS up 25% from the prior year. Key highlights included portfolio assets growing 13% year-over-year to $44.4 billion, return on tangible equity increasing to 14.1%, and credit quality strengthening further as delinquencies and charge-offs declined. Management commented that the results reflected brisk business conditions and solid performance across all business segments.