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On Monday, CIT Group (NYSE: CIT) did extremely well for a company that will, technically, soon cease to exist. It is merging with First Citizens BancShares (OTC: FCNCB) , and the combined company will retain the First Citizens branding and that company's ticker symbol. ...
The stock market was having a strong day on Friday, but regional bank CIT Group (NYSE: CIT) was a big standout. As of 10:45 a.m. EDT, shares of the bank stock were higher by more than 22% for the day. The reason for the spike is that New York-based CIT Group has agreed to me...