What Really Led to the Departure of GE’s Jeff Immelt?
These factors likely contributed to the early exit of Immelt, who will retire from the company entirely on December 31, 2017.
On June 12, General Electric (GE) announced the stepping down of its chairman and CEO, Jeff Immelt, effective August 1, 2017.
In the first quarter, General Electric (GE) distributed $2.1 billion in dividends and repurchased common stock worth $2.3 billion.
General Electric’s (GE) forward dividend yield is 3.3%, which is still way ahead of the industry average forward dividend yield of 2.3%.
General Electric’s (GE) dividend CAGR (compound annual growth rate) for the last seven years was ~7%.
On June 9, 2017, General Electric (GE) announced a quarterly cash dividend of $0.24 per share.
In May 2017, Boeing appealed to the US International Trade Commission to penalize Canadian aircraft maker Bombardier (BDRBF) for selling its new CS-100 aircraft to US airlines at extremely low prices.
The Boeing Company (BA) has finalized a deal with Sace CDP Group, Italy’s export development agency.
Year-to-date through June 6, 2017, the aerospace and defense industry has had a good run. Boeing posted a 20% return, followed by General Dynamics with a 14.9% return and Raytheon with a 12.5% return.
According to the International Air Transport Association, global passenger traffic grew 10.7% year-over-year.
In 2016, Boeing (BA) secured an $18.6 billion deal from Qatar Airways for more than 100 aircraft. Since nine Middle Eastern countries have cut ties with Qatar, the airline and Boeing could feel the heat.
For a long time, General Electric (GE) has remained a decent dividend distributor in the S&P 500 space. The company raised its dividend per share by $0.01 to $0.24 in January 2017.
In this article, we’ll review analysts’ recommendations for General Electric (GE) ahead of its 1Q17 earnings release on April 21, 2017. Wall Street analysts seem to be divided over GE.
Analysts expect GE to achieve operating margin of 10.2% in 1Q17. This represents a fall of 360 basis points on a year-over-year basis.
On April 5, 2017, The Wall Street Journal wrote that the Boston-headquartered General Electric (GE) could sell its consumer light bulb business.
Analysts expect General Electric (GE) to achieve revenue of $26.4 billion in 1Q17. On a year-over-year (or YoY) basis, this represents a fall of 5.8%.
Iconic industrial mammoth General Electric (GE) will release its 1Q17 earnings on April 21, 2017. General Electric decided on a complete business makeover three years ago.
Since the Trump administration announced its new budget proposal, Boeing (BA) stock has risen 1.1%, closing at $179.4 on March 20, 2017.
Of the 25 analysts tracking Boeing (BA), four (16%) have issued a “strong buy” recommendation on the stock, while seven (28%) have issued a “buy.”
Boeing (BA) is expected to be one of the largest beneficiaries of Trump’s proposed increased military spending.