02Aug

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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Author

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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