Background: CIT Group ( CIT), the commercial finance company, underwent an initial public offering in July 2002, in which it raised $4.9 billion. But the financial crisis proved troublesome for CIT, which ultimately changed into a bank holding company so that it could accept an injection from the Troubled Asset Relief Program in late 2008. CIT ultimately declared bankruptcy in November 2009 and was also delisted from the NYSE. However, it was approved for reorganization plans a month later. Stock performance: CIT shares are down 1.2% this year. The stock gained 2.56% to $34.45 Monday.