CIT Jumps to Highest Since Bankruptcy on Loan Quality
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CIT Group Inc., the business lender led by John A. Thain, jumped the most in New York trading since May after reporting a quarterly profit that beat analysts’ estimates and saying loan quality is improving.
The shares rose 5.6 percent to $42.85 at 4:15 p.m., the highest since the company emerged from bankruptcy in December. The stock is up 55 percent this year.