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GE Capital Losses May See Dramatic Fall: JP Morgan
Published:
Tuesday, 24 Nov 2009 | 7:23 AM ET
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By: CNBC.com
JP Morgan kept its overweight rating on CNBC parent General Electric and said it expects GE Capital losses to be cut, Reuters reported Tuesday.
JP Morgan recently met with GE [GE
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] CFO Keith Sherin, the report said.
The investment bank expects GE to see a dramatic reduction from current levels of GE Capital losses, and sees commercial real estate as the only remaining "hot spot" in GE Capital's portfolio.
GE industrial trends are on track, and the management continues to expect a sequential increase in orders for the fourth quarter, JP Morgan said.
A deal to sell part of NBC Universal looks likely for GE, it added.
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