After a sharp sell-off during the day due to concerns about a Chapter 11 filing, CIT (CIT) rallied by over 20% after hours on rumors that the federal government may provide bailout funds.
The Wall Street Journal broke the story. Of course, the company may deny it and the shares could sell down below $1 tomorrow.
Douglas A. McIntyre
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
