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As of Friday, November 27th:
The blended earnings growth rate for the S&P 500 for Q3 2009, combining actual numbers for companies that have reported, and estimates for companies yet to report is currently -13.7%. Of the 490 S&P 500 companies who have reported Q3, 79% beat estimates, 7% were in-line, and 14% were below estimates. As of October 1st, the earnings growth rate was at -24.7%. (Data provided by Thomson Reuters)

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CIT's Troubles May Bode Well for GE Capital: Analysts
Published: Friday, 17 Jul 2009 | 6:02 AM ET
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By: CNBC.com

The difficulties faced by CIT Group may help GE Capital as it will allow GE's finance unit more room to diversify, two analysts told CNBC Friday.

CIT Group [CIT  Loading...      ()   ], lender to thousands of small and medium-size businesses in the US, said in a statement Thursday after the bell that its board of directors and management were evaluating alternatives to improve the company's liquidity, adding the firm was in discussions with potential lenders to secure financing.

"From a GE [GE  Loading...      ()   ] perspective they should be able to get some pricing power out of this. GE is left as a very strong player on this market, the question is does it want to take increased risk," Richard Wilson, fund manager at Threadneedle Asset Management, told CNBC.

GE is CNBC's parent company.

"The problem with GE Capital is, unlike GE, GE Capital is actually not that well diversified," Ralph Silva, director at TowerGroup said ahead of the industrial giant's earnings Friday.

If CIT went into bankruptcy, it would benefit GE Capital in terms of diversification, Silva added.

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