CIT Group Touches 3-Month High on Increased Book Value (CIT)
Wednesday, March 17, 2010 - 11:15
Written on Wed, 03/17/2010 - 11:15am
By Chip Brian

3/17/2010-Shares of CIT Group (NYSE:CIT) are trading 3.5% higher to $37.57 Wednesday and earlier rose to $38.23, the highest intraday price since Dec. 11, 2009, after the commercial lender told investors its book value increased to $41.99 a share, more than forecast and 16% above its stock price.

Keywords: value Book price

Ticker(s): CIT

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