Gamblers Already Pushing The New CIT

How quickly things change. Despite entering bankruptcy on November 1st, Cit Group (CIT) is back already, with its new post-bankruptcy shares.

While the old CIT shares and taxpayers’ funds were annihilated by the bankruptcy, that hasn’t scared off a new wave of punters. CIT shares are up $2.50 on their first day so far.

cit

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.