About the Company
General Electric Company (GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston. The company had several divisions, including aerospace, energy, healthcare, and finance. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2023, the company was ranked 64th in the Forbes Global 2000. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize. Following the Great Recession of the late 2000s, General Electric began selling off various divisions and assets, including its appliances and financial capital divisions, under Jeff Immelt's leadership as CEO. John Flannery, Immelt's replacement in 2017, further divested General Electric's assets in locomotives and lighting, in order to focus the company more on aviation. After restrictions on air travel during the COVID-19 pandemic caused General Electric's revenue to fall significantly in 2020, GE's final CEO Larry Culp announced in November 2021 that General Electric was to be broken up into three separate, public companies—GE Aerospace, GE HealthCare, and GE Vernova—by 2024. The new companies are respectively focused on aerospace, healthcare, and energy. GE HealthCare's spin-off was finalized on January 4, 2023. This was followed by the spin-off of GE's portfolio of energy businesses on April 2, 2024, into GE Vernova. Following these transactions, General Electric Company changed its name to GE Aerospace, pivoted to aviation, and ceased to exist as a conglomerate.
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Latest $GE News
GE Aerospace Stock Jumps on Strong Earnings, Guidance Post-Split
GE Aerospace shares shot higher Tuesday after the company reported earnings for the first time as a standalone company.
General Electric Co Q1 Profit Decreases, but beats estimates
General Electric Co (GE) announced earnings for first quarter that decreased from last year but beat the Street estimates. The ...
Three Stocks: GE Aerospace, Spotify, and HashiCorp
Explore the latest market dynamics as GE Aerospace soars to new heights following a stellar earnings report, Spotify posts ...
GE Aerospace's Strong Start as an Independent Entity
The company’s first-quarter 2024 earnings report reveals a robust financial performance that has surpassed GE Aerospace's analyst community expectations, signaling a solid start for the newly ...
GE Aerospace lifts 2024 profit forecast amid supply-chain challenges
GE Aerospace on Tuesday raised its full-year profit forecast even as it continues to wrestle with supply-chain challenges to ...
GE Aerospace: Poised for Leadership in Aerospace Revival
Bank of America Securities analyst Ronald Epstein reiterated a Buy rating on GE Aerospace (GE – Research Report) today and set a price ...
General Electric Company (GE)
GE Aerospace (GE) shares are trading higher in Tuesday's afternoon session after the company surpassed analyst estimates on both revenue and earnings in its first quarterly report since becoming ...
Why GE Aerospace Stock Is Taking Off Today
Investors got their first taste of what a standalone GE Aerospace (GE 8.28%) might look like, and they apparently like what ...
GE Aerospace stock soars on strong first-quarter earnings
GE Aerospace only just became the Cincinnati region's newest public company, but its performance is already topping Wall ...
Portland General Electric Co POR
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
General Electric Company (NYSE:GE) Q1 2024 Earnings Call Transcript
Q1 2024 Earnings Call April 23, 2024 General Electric Company misses on earnings expectations. Reported EPS is $ EPS, ...
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