-
Gordon Haskett: Why General Electric Shares Have Downside To $5
Monday, November 5, 2018 - 12:03pm | 483Despite some support from Street analysts in the form of upgrades, General Electric Company (NYSE: GE) stock remains below the $10 mark, with downside potential to $5 per share, according to Gordon Haskett. The Analyst Gordon Haskett's John Inch maintains an Underperform rating on...
-
No Blue Sky In Sight: Analyst Steps To The Sidelines On General Electric
Monday, January 22, 2018 - 11:17am | 459General Electric Company (NYSE: GE) cautioned investors last week it needs to take a $6.2 billion after-tax charge for its insurance business in the fourth quarter and is now required to contribute $15 billion to the unit over the next seven years to boost its reserves. The bad news continued...
-
John Flannery Gives The Inside Story Of GE's Dividend Cut And More
Tuesday, November 14, 2017 - 2:34pm | 811General Electric Company (NYSE: GE) disappointed investors Monday with its investor day presentation that included a 50-percent reduction to the dividend, concerning guidance and a strategy which may imply 2018 will be a "really, really difficult" year. Dividend Cut GE's executive...
-
A Question General Electric Holders Will Be Asking Today: Who Is John Flannery?
Monday, June 12, 2017 - 9:16am | 422Patience pays off after all. After 30 years with General Electric Company (NYSE: GE), GE Healthcare Limited CEO and President John Flannery is about to inherit all of corporate leadership. Effective Aug. 1, Flannery, 55, will succeed retiring CEO Jeffrey Immelt, who will retain his role as chairman...
-
General Electric Capital Announces Another Asset Sale
Friday, April 8, 2016 - 11:19am | 161General Electric Company (NYSE: GE) continued its ongoing strategy of divesting non-core assets from its General Electric Capital unit. General Electric has agreed to sell its Canadian Franchise Finance business to Canadian Western Bank. The company's unit provides financing across Canada...
-
GE Announces Another Asset Sale, Company To Sell Majority Stake In Bank BPH's Core Bank To Alior Banki
Friday, April 1, 2016 - 8:51am | 257General Electric Company (NYSE: GE) announced on Friday its GE Capital segment has entered into an agreement to sell its majority stake in Bank BPH's Core Bank to Alior Bank. The transaction is expected to release approximately $0.2 billion of capital to General Electric. Related Link: GE Announces...
-
GE Announces Sale Of Assets To Western Alliance, State Street
Wednesday, March 30, 2016 - 8:38am | 232General Electric Company (NYSE: GE) announced after Tuesday's market close it has agreed to sell its U.S. hotel franchise loan portfolio to Western Alliance Bancorporation (NYSE: WAL) as part of an ongoing strategy to divest most of its GE Capital assets. General Electric's loan...
-
William Blair: GE Data Analytics Is 'The Next Big Thing'
Friday, July 17, 2015 - 1:55pm | 400General Electric Company (NYSE: GE) reported better than expected second-quarter earnings earlier on Friday and also upped its earnings guidance for industrials business to $1.13–1.20 from an earlier $1.10–1.20. Nick Heyman, William Blair analyst, was on CNBC to discuss how GE...
-
John Traynor On GE: Turmoil Ahead, But Stock Is Still Appealing
Tuesday, April 14, 2015 - 1:40pm | 374General Electric Company (NYSE: GE) is planning a massive restructuring of its businesses in the coming years, starting with selling a substantial stake in its financial services arm GE Capital. While skeptics are not too happy with this, investors have shown faith in Jeffrey Immelt's vision...
-
A Small-Cap Mortgage REIT Might Be The GE Capital Deal's Biggest Winner
Sunday, April 12, 2015 - 6:02pm | 982On April 10, Dow 30 stalwart General Electric Company (NYSE: GE), hogged most of the headlines generated from selling the majority of its ~$23.5 billion GE Capital real estate asset portfolio to Blackstone Group LP (NYSE: BX) and Wells Fargo & Co (NYSE: WFC). The biggest winner, though...
-
Why Is GE Selling Most Of GE Capital, And Why Now?
Saturday, April 11, 2015 - 9:53pm | 385Shares of General Electric Company (NYSE: GE) ended Friday up nearly 11 percent on the announcement that the company would sell a major chunk of its financial services arm GE Capital. The company said it will use the proceeds to buy back stock. GE CEO Jeffrey Immelt was on CNBC to explain the...
-
General Electric Shares Spike Up Amid Sale Of GE Capital Real Estate Assets
Friday, April 10, 2015 - 8:16am | 292General Electric Company (NYSE: GE) on Friday announced plans to drastically shrink the size of GE Capital, its finance arm and once driver of the company's earnings. However, following the 2008 financial crisis, GE Capital became indicative of risk to the overall company, requiring TARP...
-
Buyout Firms Vie for GE's Railcar Leasing Unit
Thursday, June 9, 2011 - 8:45am | 171Private-equity firms Warburg Pincus and TPG Capital are said to be cooperating on a bid for General Electric's (NYSE: GE) railcar leasing business, which has about $3 billion in assets. Private-equity firms Cerberus Capital Management and Apollo Global Management also reportedly have made bids....
-
Commercial Real Estate Week in Review
Saturday, June 12, 2010 - 6:00am | 440Commercial Real Estate Week in Review-June 6-12 -Obama to Congress: Get reform bills reconciled before G-20. -GE Capital to cut real estate portfolio by 50%. -Cassidy Turley looking to compete with Jones Lang LaSalle (NYSE: JLL) and CB Richard Ellis in commercial real estate. -JP...