cit stock
CIT Group is now rushing to raise billions of dollars in financing from debt holders, but Wall Street doesn't appear confident that the company will pull through. On Thursday, investors sold off shares and drove down the stock price 75 CIT shares jump as lender seeks rescue financingNEW YORK — CIT Group Inc.'s shares nearly doubled Friday as the commercial lender held talks with several large banks about securing emergency financing in hopes of avoiding a bankruptcy Last week Goldman's (NYSE:GS) and IBM's (NYSE:IBM) positive reports trumped negative ones from GE (NYSE:GE) and BofA (NYSE:BAC) and the market had it best week in a quarter. On Friday the DJIA climbed 32 points at close.