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| As of Friday, November 27th: |
LATEST EARNINGS RESULTS
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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
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], 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
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] 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.
- TiVo Reports Quarterly Loss but Matches Forecasts
TiVo announced a quarterly loss that matched analysts' forecasts, but its sales topped expectations.
- Hewlett-Packard Profit Rises, Matches Guidance
Hewlett-Packard said a strong performance in China and improved profit margins in its services business helped drive quarterly earnings 14 percent higher.
- Analog Devices Results Beat Expectations; Shares Rise
Analog Devices reported a quarterly profit that fell from a year ago but topped Wall Street's expectations, sending shares higher in extended trading.
- TiVo Reports Quarterly Loss but Matches Forecasts
- Tyson Food Profit Beats Estimates
Tyson Foods posted higher-than-expected quarterly results on Monday on strength in its beef, pork and prepared foods businesses, which it expects to continue in its new fiscal year.
- Tyson Food Profit Beats Estimates
- Horton Results Miss Estimates, Shares Drop
- Dell Shares Smacked as Earnings, Sales Miss Forecasts
- Gap Reports Earnings in Line With Forecasts
- Intuit Posts Narrower-Than-Expected Loss
- Sears Posts Second Consecutive Quarterly Loss
- BJ's Wholesale Profit Falls, Hurt by Falling Food Prices
- Salesforce Profit Beats Forecasts, but Shares Fall
- Autodesk Shares Fall on Disappointing Outlook
- Home Depot Profit Beats; Says Markets Under Pressure
- Target Third Quarter Profit Up, Cautious on Fourth
- Weak US Housing Market Drags on Lowe's Profit
- JC Penney Profit Falls, but Shares Up on Forecast
- Disney Profit, Sales Top Forecasts; Shares Jump
- Nordstrom Earnings Miss Forecasts; Shares Take Hit
- Wal-Mart Holiday Forecast Light, Profit Beats







