CIT Group (CIT +6.1%) soars after the Fed finally ends its enforcement agreement with the...

|About: CIT Group Inc. (CIT)|By:, SA News Editor

CIT Group (CIT +6.1%) soars after the Fed finally ends its enforcement agreement with the company - in place since August 2009. The move, says Mark Palmer, likely presages the next announcement - the approval for returns of CIT's "ample capital" to shareholders. Palmer believes the stock has another big leg up, whether or not it becomes an acquisition target.