Why GE Stock Price Is Lower After Synchrony IPO
When General Electric first announced the spin-off of its North American credit card business, most observers were looking for the conglomerate to add about $3.2 billion to its coffers.
When General Electric first announced the spin-off of its North American credit card business, most observers were looking for the conglomerate to add about $3.2 billion to its coffers.
Synchrony Financial opened its first day of trading at $23.00 a share, right on the initial public offering price it set Wednesday for 125 million shares.
General Electric Co. and Synchrony FinancialGeneral Electric Co. (NYSE: GE) spinoff Synchrony Financial priced its initial public offering of 125 million shares at $23 at the bottom of the expected range of…
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These are the top analyst upgrades, downgrades and initiations from Wall Street firms for Wednesday, July 23, 2014. They include DuPont, General Electric, King, Microsoft, Xilinx and McDonald's.
General Electric was maintained as Buy with a $29 price target at Bank of America Merrill Lynch, with the firm saying that the fundamentals are better than sentiment would suggest.
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When GE reported second-quarter earnings Friday, it said that it hoped to get the spin-off of its North American consumer-finance business completed in an initial public offering by the end of July.
General Electric reported second-quarter 2014 results before markets opened Friday morning and announced the date of the initial public offering of its North American retail finance business.