CIT Decision To Cut Off J.C. Penney Blown Out Of Proportion

Concerns emanating from the commercial lender CIT Group Inc. (NYSE:CIT) abrupt halt of deliveries to J.C. Penney Company, Inc. (NYSE:JCP)’s stores have been overblown, according to JPMorgan analysts.

Yesterday, J.C. Penney Company, Inc. (NYSE:JCP) denied rumors that CIT Group Inc. (NYSE:CIT) has pulled off support . . .


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