Deals
CIT Gains After Aircraft Unit Bids Reported to Top $4 Billion
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CIT Group Inc. climbed in New York trading following a news report that initial bids to buy the commercial lender’s aircraft-leasing business topped some analysts’ expectations.
CIT gained as much as 6.2 percent, the most intraday since October, and was up 3.4 percent to $36.16 at 10:31 a.m., the best performer in the Russell 1000 Financial Services Index. The shares have slid 8.7 percent this year.