General Electric Company (GE) 31.79 $GE
GE to Sell the Core Bank of Bank BPH in Poland to Alior Bank
BusinessWire - 1 hr 33 mins ago
GE (NYSE:GE) has entered into an agreement to sell GE Capital's majority stake in Bank BPH's (WSE:BPH) Core Bank to Alior Bank (WSE:ALR). With this transaction, Bank BPH will be transformed into two separate operating units, the Core Bank and the Mortgage Bank, followed by the spin-off and demerger of the Core Bank into Alior Bank. The Core Bank will include the non-mortgage banking assets of Bank BPH and the employees associated with those businesses. The transaction represents ending net investment (ENI) of approximately US$2.1B as of fourth quarter 2015 and is expected to release approximately US$0.2 billion of capital to GE. GE will retain US$3.9B of mortgages (FX and local currency) in the Mortgage Bank unit and BPH TFI, the bank's asset management business. The transaction is subject to a several conditions including regulatory approvals.
GE: 31.79 (-0.04), ALR: 50.61 (-0.25)
Business Highlights
By The Associated Press - AP - Thu Mar 31, 4:18PM CDT
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IPXL: 32.02 (-0.30), GE: 31.79 (-0.04)
State Street to Acquire GE Asset Management for $485M
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 3:15PM CDT
With aim to enhance profitability, State Street is acquiring GE Asset Management for $485 million.
GE: 31.79 (-0.04), STT: 58.52 (unch), FIG: 4.78 (+0.01), LM: 34.68 (+0.05)
MetLife Loses "Too Big to Fail" Designation; Shares Gain
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 3:10PM CDT
Shares of MetLife Inc. (MET) surged after the District of Columbia federal judge Rosemary Collyer gave the verdict that the insurer is not "too big to fail" and should not be subject to stricter regulation.
GE: 31.79 (-0.04), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), AIG: 54.05 (-0.47)
GE Asks Feds to Remove SIFI Label After Shrinking Lending Unit
at The Street - Thu Mar 31, 1:44PM CDT
General Electric formally asked regulators to remove a designation that subjected it and other companies deemed systemically important after the financial crisis to heightened federal oversight.
GE: 31.79 (-0.04), STT: 58.52 (unch)
GE Moves to Throw Off 'Too Big To Fail' Mantle
at The Street - Thu Mar 31, 1:30PM CDT
General Electric's effort to rid GE Capital of its "Systematically Important Financial Institution" designation is part of a broader repositioning move.
GE: 31.79 (-0.04)
GE asks US to drop "systemically important" tag for Capital
AP - Thu Mar 31, 1:05PM CDT
NEW YORK (AP) — General Electric Co. asked the U.S. to drop the "too big to fail" tag for GE Capital, saying that its financing operations are a shadow of what they were when the Federal Reserve placed it under strict oversight in the aftermath of the global economic crisis almost a decade ago.
GE: 31.79 (-0.04), JPM: 59.22 (-0.49), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), C: 41.75 (-0.13), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AIG: 54.05 (-0.47), MS: 25.01 (-0.06)
Jim Cramer Says Skip Boeing; Buy Honeywell, Alcoa, GE
at The Street - Thu Mar 31, 11:44AM CDT
Cramer likes large-cap technology stocks on a weakening U.S. dollar and thinks Lululemon shares are headed higher.
CY: 8.66 (-0.09), GE: 31.79 (-0.04), AA: 9.58 (-0.10), IBM: 151.45 (+3.04), HON: 112.05 (-0.12), FB: 114.10 (-0.60), UTX: 100.10 (-0.15), GOOGL: 762.90 (-5.44), TWTR: 16.55 (+0.19), BA: 126.94 (-1.64), AAPL: 108.99 (-0.57), LULU: 67.71 (-0.09)
Jim Cramer: Johnson & Johson, IBM, Alphabet Are Cheaper Than You Think
at The Street - Thu Mar 31, 11:35AM CDT
Jim Cramer discusses why stocks like Johnson & Johnson, IBM and Alphabet are cheap as we head into the second quarter.
JNJ: 108.20 (-0.78), GE: 31.79 (-0.04), CLX: 126.06 (-1.91), IBM: 151.45 (+3.04), DAL: 48.68 (-0.65), UNH: 128.90 (-0.78), KMB: 134.51 (-1.20), MCD: 125.68 (-0.15), AAL: 41.01 (-0.37), GOOGL: 762.90 (-5.44), VZ: 54.08 (+0.04), UAL: 59.86 (+0.04)
GE Has a Powerful Case to Become Free From Fed Supervision
at The Street - Thu Mar 31, 11:13AM CDT
The company has been shrinking its GE Capital financial arm.
GE: 31.79 (-0.04), STT: 58.52 (unch), C: 41.75 (-0.13), MET: 43.94 (-0.79), WFC: 48.36 (-0.29)
GE Stock Up, Files to Remove SIFI Designation, Jim Cramer's Take
at The Street - Thu Mar 31, 10:42AM CDT
GE stock is increasing after the company filed a request to have the SIFI designation removed from GE Capital.
GE: 31.79 (-0.04)
GE to Divest Asset Management Business to State Street
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 10:00AM CDT
General Electric Company (GE) recently inked a definitive agreement with asset management firm State Street Corporation to divest its Asset Management business for approximately $485 million.
GE: 31.79 (-0.04), HON: 112.05 (-0.12), CSL: 99.50 (-0.29), CLC: 57.79 (-0.24)
General Electric (GE) Breaks Through Resistance at $31.94
Comtex SmarTrend(R) - Thu Mar 31, 9:20AM CDT
Shares of General Electric (NYSE:GE) opened today above their pivot of $31.84 and have already reached the first level of resistance at $31.94. Should the shares continue to rise, the resistance pivots of $32.06 and $32.28 will be of interest.
GE: 31.79 (-0.04)
CORRECTING and REPLACING GE Capital Files Request for Rescission of Status as a Systemically Important Financial Institution
BusinessWire - Thu Mar 31, 7:26AM CDT
--GE Capital believes it does not pose any threat to financial system
GE: 31.79 (-0.04)
GE Capital Files Request for Rescission of Status as a Systemically Important Financial Institution
BusinessWire - Thu Mar 31, 6:30AM CDT
--GE Capital believes it does not pose any threat to financial system
GE: 31.79 (-0.04)
Jim Cramer's 'Mad Money' Recap: Here's How Janet Yellen Set You Free
at The Street - Wed Mar 30, 7:13PM CDT
We no longer have to fear the Fed because the central bank has acknowledged our economy is fragile and the strong U.S. dollar is only making things worse, says Cramer.
KMI: 17.86 (unch), MMM: 166.63 (-0.12), GE: 31.79 (-0.04), ETN: 62.56 (-0.19), EW: 88.21 (-0.68), LLY: 72.01 (+0.23), XRX: 11.16 (+0.33), SCI: 24.68 (+0.33), MTZ: 20.24 (+0.07), PVH: 99.06 (+0.14), NFLX: 102.23 (+0.04), JNJ: 108.20 (-0.78), PAYX: 54.01 (+0.72), TJX: 78.35 (-0.33), DPZ: 131.86 (+0.89), HBI: 28.34 (-0.14), ROST: 57.90 (-0.44)
Jim Cramer and Jack Mohr Discuss Why They Are Buyers of General Electric
at The Street - Wed Mar 30, 5:21PM CDT
GE benefits from both macro tailwinds, secular themes and company-specific initiatives, making it an attractive way to invest in a best-in-class global industrial conglomerate.
GE: 31.79 (-0.04)
MetLife Wins 'Too Big to Fail' Court Victory, Prudential to Try Next?
at The Street - Wed Mar 30, 4:08PM CDT
MetLife scored a huge court victory today, in its fight with financial regulators.
GE: 31.79 (-0.04), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), AIG: 54.05 (-0.47)
GE to Divest Franchise Finance Business in US and Canada
Zacks Equity Research - Zacks Investment Research - Wed Mar 30, 1:40PM CDT
General Electric Company (GE), a leading industrial goods manufacturer, recently announced the strategic sale of GE Capital's Franchise Finance U.S. hotel business to Western Alliance Bank
GE: 31.79 (-0.04), WAL: 33.38 (-0.54), CSL: 99.50 (-0.29)
MetLife wins challenge to gov't as judge removes threat tag
By MARCY GORDON - AP - Wed Mar 30, 1:36PM CDT
WASHINGTON (AP) — MetLife has won a major legal challenge to the government's policy for preventing another financial crisis, as a federal judge tossed out its designation by regulators that its failure would pose a threat to the financial system.
GE: 31.79 (-0.04), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), AIG: 54.05 (-0.47)
GE to Sell the Core Bank of Bank BPH in Poland to Alior Bank
BusinessWire - 1 hr 33 mins ago
GE (NYSE:GE) has entered into an agreement to sell GE Capital's majority stake in Bank BPH's (WSE:BPH) Core Bank to Alior Bank (WSE:ALR). With this transaction, Bank BPH will be transformed into two separate operating units, the Core Bank and the Mortgage Bank, followed by the spin-off and demerger of the Core Bank into Alior Bank. The Core Bank will include the non-mortgage banking assets of Bank BPH and the employees associated with those businesses. The transaction represents ending net investment (ENI) of approximately US$2.1B as of fourth quarter 2015 and is expected to release approximately US$0.2 billion of capital to GE. GE will retain US$3.9B of mortgages (FX and local currency) in the Mortgage Bank unit and BPH TFI, the bank's asset management business. The transaction is subject to a several conditions including regulatory approvals.
GE: 31.79 (-0.04), ALR: 50.61 (-0.25)
Business Highlights
By The Associated Press - AP - Thu Mar 31, 4:18PM CDT
___
IPXL: 32.02 (-0.30), GE: 31.79 (-0.04)
State Street to Acquire GE Asset Management for $485M
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 3:15PM CDT
With aim to enhance profitability, State Street is acquiring GE Asset Management for $485 million.
GE: 31.79 (-0.04), STT: 58.52 (unch), FIG: 4.78 (+0.01), LM: 34.68 (+0.05)
MetLife Loses "Too Big to Fail" Designation; Shares Gain
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 3:10PM CDT
Shares of MetLife Inc. (MET) surged after the District of Columbia federal judge Rosemary Collyer gave the verdict that the insurer is not "too big to fail" and should not be subject to stricter regulation.
GE: 31.79 (-0.04), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), AIG: 54.05 (-0.47)
GE Asks Feds to Remove SIFI Label After Shrinking Lending Unit
at The Street - Thu Mar 31, 1:44PM CDT
General Electric formally asked regulators to remove a designation that subjected it and other companies deemed systemically important after the financial crisis to heightened federal oversight.
GE: 31.79 (-0.04), STT: 58.52 (unch)
GE Moves to Throw Off 'Too Big To Fail' Mantle
at The Street - Thu Mar 31, 1:30PM CDT
General Electric's effort to rid GE Capital of its "Systematically Important Financial Institution" designation is part of a broader repositioning move.
GE: 31.79 (-0.04)
GE asks US to drop "systemically important" tag for Capital
AP - Thu Mar 31, 1:05PM CDT
NEW YORK (AP) — General Electric Co. asked the U.S. to drop the "too big to fail" tag for GE Capital, saying that its financing operations are a shadow of what they were when the Federal Reserve placed it under strict oversight in the aftermath of the global economic crisis almost a decade ago.
GE: 31.79 (-0.04), JPM: 59.22 (-0.49), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), C: 41.75 (-0.13), WFC: 48.36 (-0.29), BAC: 13.52 (+0.04), AIG: 54.05 (-0.47), MS: 25.01 (-0.06)
Jim Cramer Says Skip Boeing; Buy Honeywell, Alcoa, GE
at The Street - Thu Mar 31, 11:44AM CDT
Cramer likes large-cap technology stocks on a weakening U.S. dollar and thinks Lululemon shares are headed higher.
CY: 8.66 (-0.09), GE: 31.79 (-0.04), AA: 9.58 (-0.10), IBM: 151.45 (+3.04), HON: 112.05 (-0.12), FB: 114.10 (-0.60), UTX: 100.10 (-0.15), GOOGL: 762.90 (-5.44), TWTR: 16.55 (+0.19), BA: 126.94 (-1.64), AAPL: 108.99 (-0.57), LULU: 67.71 (-0.09)
Jim Cramer: Johnson & Johson, IBM, Alphabet Are Cheaper Than You Think
at The Street - Thu Mar 31, 11:35AM CDT
Jim Cramer discusses why stocks like Johnson & Johnson, IBM and Alphabet are cheap as we head into the second quarter.
JNJ: 108.20 (-0.78), GE: 31.79 (-0.04), CLX: 126.06 (-1.91), IBM: 151.45 (+3.04), DAL: 48.68 (-0.65), UNH: 128.90 (-0.78), KMB: 134.51 (-1.20), MCD: 125.68 (-0.15), AAL: 41.01 (-0.37), GOOGL: 762.90 (-5.44), VZ: 54.08 (+0.04), UAL: 59.86 (+0.04)
GE Has a Powerful Case to Become Free From Fed Supervision
at The Street - Thu Mar 31, 11:13AM CDT
The company has been shrinking its GE Capital financial arm.
GE: 31.79 (-0.04), STT: 58.52 (unch), C: 41.75 (-0.13), MET: 43.94 (-0.79), WFC: 48.36 (-0.29)
GE Stock Up, Files to Remove SIFI Designation, Jim Cramer's Take
at The Street - Thu Mar 31, 10:42AM CDT
GE stock is increasing after the company filed a request to have the SIFI designation removed from GE Capital.
GE: 31.79 (-0.04)
GE to Divest Asset Management Business to State Street
Zacks Equity Research - Zacks Investment Research - Thu Mar 31, 10:00AM CDT
General Electric Company (GE) recently inked a definitive agreement with asset management firm State Street Corporation to divest its Asset Management business for approximately $485 million.
GE: 31.79 (-0.04), HON: 112.05 (-0.12), CSL: 99.50 (-0.29), CLC: 57.79 (-0.24)
General Electric (GE) Breaks Through Resistance at $31.94
Comtex SmarTrend(R) - Thu Mar 31, 9:20AM CDT
Shares of General Electric (NYSE:GE) opened today above their pivot of $31.84 and have already reached the first level of resistance at $31.94. Should the shares continue to rise, the resistance pivots of $32.06 and $32.28 will be of interest.
GE: 31.79 (-0.04)
CORRECTING and REPLACING GE Capital Files Request for Rescission of Status as a Systemically Important Financial Institution
BusinessWire - Thu Mar 31, 7:26AM CDT
--GE Capital believes it does not pose any threat to financial system
GE: 31.79 (-0.04)
GE Capital Files Request for Rescission of Status as a Systemically Important Financial Institution
BusinessWire - Thu Mar 31, 6:30AM CDT
--GE Capital believes it does not pose any threat to financial system
GE: 31.79 (-0.04)
Jim Cramer's 'Mad Money' Recap: Here's How Janet Yellen Set You Free
at The Street - Wed Mar 30, 7:13PM CDT
We no longer have to fear the Fed because the central bank has acknowledged our economy is fragile and the strong U.S. dollar is only making things worse, says Cramer.
KMI: 17.86 (unch), MMM: 166.63 (-0.12), GE: 31.79 (-0.04), ETN: 62.56 (-0.19), EW: 88.21 (-0.68), LLY: 72.01 (+0.23), XRX: 11.16 (+0.33), SCI: 24.68 (+0.33), MTZ: 20.24 (+0.07), PVH: 99.06 (+0.14), NFLX: 102.23 (+0.04), JNJ: 108.20 (-0.78), PAYX: 54.01 (+0.72), TJX: 78.35 (-0.33), DPZ: 131.86 (+0.89), HBI: 28.34 (-0.14), ROST: 57.90 (-0.44)
Jim Cramer and Jack Mohr Discuss Why They Are Buyers of General Electric
at The Street - Wed Mar 30, 5:21PM CDT
GE benefits from both macro tailwinds, secular themes and company-specific initiatives, making it an attractive way to invest in a best-in-class global industrial conglomerate.
GE: 31.79 (-0.04)
MetLife Wins 'Too Big to Fail' Court Victory, Prudential to Try Next?
at The Street - Wed Mar 30, 4:08PM CDT
MetLife scored a huge court victory today, in its fight with financial regulators.
GE: 31.79 (-0.04), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), AIG: 54.05 (-0.47)
GE to Divest Franchise Finance Business in US and Canada
Zacks Equity Research - Zacks Investment Research - Wed Mar 30, 1:40PM CDT
General Electric Company (GE), a leading industrial goods manufacturer, recently announced the strategic sale of GE Capital's Franchise Finance U.S. hotel business to Western Alliance Bank
GE: 31.79 (-0.04), WAL: 33.38 (-0.54), CSL: 99.50 (-0.29)
MetLife wins challenge to gov't as judge removes threat tag
By MARCY GORDON - AP - Wed Mar 30, 1:36PM CDT
WASHINGTON (AP) — MetLife has won a major legal challenge to the government's policy for preventing another financial crisis, as a federal judge tossed out its designation by regulators that its failure would pose a threat to the financial system.
GE: 31.79 (-0.04), PRU: 72.22 (-0.73), MET: 43.94 (-0.79), AIG: 54.05 (-0.47)
