CIT Posts Profit in First Post-Bankruptcy Q1
Business Tuesday, April 27th, 2010
April 27 (Bloomberg) — CIT Group Inc., the commercial lender run by John A. Thain, posted a surprise profit in its first full quarter since emerging from a bankruptcy that erased $2.3 billion of government bailout money. Net income for the three months ended March 31 was $97 million, or 49 cents a share, according [...]