Ge money what does ge stand for

N flotation of its GE Money Bank is expected to value the Swiss consumer finance business at up to 1. GE Money Bank expects to raise up to 1.

General Electric has said it aims to shift its earnings mix to 70 percent industrial and 30 percent financial. Money Bank said it expects to price each of the shares in the sale, planned for October 30, at between 43 and 51 Swiss francs for a market capitalization of up to 1. N , trade at an average of around 12 times estimated forward earnings, according to Thomson Reuters data.

Money Bank, which will change its name to Cembra Money Bank at the sale, is aiming to entice investors by proposing a dividend equivalent to between 5 and 7 percent of its share price. Market analysts threw Culp a bone on Dec. Culp made significant improvements to the firm and helped turn it around slightly. He also sold off stakes and subsidiaries that were no longer core to the GE model.

GE's stake in Baker Hughes, an oil field services company, was divested, and Culp sold off the transportation unit into Wabtec. Both moves raised significant capital for GE. Despite doing an admirable job in turning GE around, Culp has been hit like everyone else from the financial disaster that the COVID pandemic has caused.

GE's aviation unit was specifically impacted; a unit that is crucial to the company's profitability. With travel having been ground to a halt during the pandemic, airplane companies weren't ordering new planes or plane parts. Things began to look better for GE in , though. Profit margins began recovering, and free cash flow became positive again. As of , GE consists of four segments: aviation, healthcare, power, and renewable energy.

Though struggling over the past few years, GE has shown signs of improvement through non-essential business sell-offs and a reduction in debt. It is a company doing business in over countries with nearly , employees worldwide. None of these factors should be taken lightly when looking at its prospects.

On the downside, the market impact from the COVID has thrown a wrench in the company's profitability and possibly its future. General Electric certainly isn't out of the running yet, but there's work to be done if it's ever to regain its footing as the quintessential U. GE Investor Relations. The Motley Fool. Company Profiles. Top Stocks. Investing Essentials. Actively scan device characteristics for identification.

Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Stocks Top Stocks. Top Stocks Top Stocks. Table of Contents Expand. Improvement in The Bottom Line.

GE's slide began during the Great Recession: The financial crisis revealed it to be overstretched and bloated. Despite its troubles, GE still operates in countries and has approximately , employees. Date Source: Yahoo! Article Sources. Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts.