GE seeking to shed troubled insurance business [CNBC]
GE Aerospace (GE)
Last ge aerospace earnings: 4/30 04:02 pm
Check Earnings Report
US:NYSE Investor Relations:
ge.com/investor-relations/overview
Company Research
Source: CNBC
Alwyn Scott | Reuters General Electric Chief Executive Officer John Flannery presents the company's new strategy and financial targets to investors at a meeting in New York, November 13, 2017. General Electric Co is working with investment bankers to find ways to shed its insurance business, which has caused it to book hefty charges while sparking shareholder lawsuits and an investigation by U.S. regulators, people familiar with the matter said on Tuesday. The move comes after GE announced in January it would take a $6.2 billion after-tax charge and set aside a further $15 billion in reserves to help cover liabilities in insurance operations held by its GE Capital unit, mainly concerning long-term care (LTC) policies. Many providers of LTC insurance, including GE, underestimated the cost of servicing policies, meaning premiums have been unable to cover the spiraling costs of healthcare and longer life expectancy. While GE's insurance operatio
Show less
Read more
Impact Snapshot
Event Time:
GE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GE alerts
High impacting GE Aerospace news events
Weekly update
A roundup of the hottest topics
GE
News
- Cargill leans on regenerative agriculture and generative AI to feed the planet [Yahoo! Finance]Yahoo! Finance
- General Electric (NYSE: GE) had its price target raised by analysts at Argus from $170.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- General Electric (NYSE: GE) had its price target raised by analysts at Bank of America Co. from $165.00 to $180.00. They now have a "buy" rating on the stock.MarketBeat
- Rising Demand Likely to Aid GE HealthCare's (GEHC) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- General Electric (NYSE: GE) had its price target raised by analysts at Royal Bank of Canada from $165.00 to $175.00. They now have an "outperform" rating on the stock.MarketBeat
GE
Earnings
- 4/23/24 - Beat
GE
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/15/24 - Form 3
- GE's page on the SEC website