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Playlist: GE:xnys

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16:30
From the Floor: The big mess of GE — #SaxoStrats
#SaxoStrats
14 November 2017 at 8:32 GMT
13:02
From the Floor: Markets pricing in Macron victory
#SaxoStrats
21 April 2017 at 7:23 GMT
2:44
Earnings Season: Why GE's struggles ain't over yet
Peter Garnry
16 October 2015 at 7:03 GMT
2:46
Should you be investing in 3D printing companies?
Thomas Kiely
27 June 2014 at 8:15 GMT
1:41
Three stocks you must watch this earnings season
Owen Thomas
13 January 2014 at 12:53 GMT
1:33
Profiting from GE’s 'bumps'
Lea Jakobiak
19 July 2013 at 6:51 GMT
Video / 19 July 2013 at 6:51 GMT

Profiting from GE’s 'bumps'

Lea Jakobiak

There has been a lot of talk about General Electric’s profits dropping, but don’t let that put you off, says Saxo Bank’s Peter Garnry. It is actually a solid long-term investment. 

The multi-billion pound company dips its toe into a broad range of industries such as aviation, healthcare and finance. The downside to this approach is that it’s sensitive to the global economic downturn; when the economy suffers, so does GE.

During the financial crisis, concerns about GE Capital torpedoed GE's stock price, cost GE its top-level triple-A credit rating and forced it to cut its dividend.

But the company is now back on track and last year, it had net income of $7.4 billion on $46 billion in revenue.
GE’s Chief Executive Jeff Immelt said in May this year that GE Capital is ending net investment.

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