Can GE Survive Its Cooked Books? [Forbes]
Genworth Financial Inc (GNW)
Last genworth financial inc earnings: 10/29 05:10 pm
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Source: Forbes
NEW YORK, NY - SEPTEMBER 19: Jack Welch is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017 in New York City. (Photo by Daniel Zuchnik/WireImage) Getty Jack Welch gives himself an F for picking his successor, Jeff Immelt. And GE's accountants were not doing their jobs when Immelt was CEO. Those are two things I learned from a long December 14 Wall Street Journal article about GE (whose shares are in my portfolio). Part of me is grasping at the idea that holding GE stock at this price is a lottery ticket on the chance that CEO Larry Culp can revive the company's revenue growth. The more realistic side is thinking that JPMorgan analyst Steve Tusa was wrong on December 13 to upgrade his rating on GE from sell to neutral because most of the bad news about GE was reflected in its stock price.
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News
- The No. 1 mistake people in their 50s make with their money, according to a CFP—and how to fix it [CNBC]CNBC
- Genworth Financial, Inc. (NYSE: GNW) had its price target raised by analysts at Keefe, Bruyette & Woods from $6.50 to $7.00. They now have a "market perform" rating on the stock.MarketBeat
- CEOs are becoming more optimistic about the future. AI is a big reason why [Yahoo! Finance]Yahoo! Finance
- CEOs are becoming more optimistic about the future. AI is a big reason why [Fortune]Fortune
- Genworth Financial Schedules Earnings Conference Call for May 2Business Wire
GNW
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/11/24 - Form S-3ASR
- 4/8/24 - Form DEFA14A
- GNW's page on the SEC website