| GE Continues to Divest; Inks Deals for Railcar Operations | |
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GE decided to trim down GE Capital, the parent unit of its real estate business, after the division’s lack of access to credit during the 2008 financial crisis endangered the stability of the parent company. Wells Fargo is working closely with GE, particularly for certain units of GE Capital’s portfolio that fit perfectly with the bank’s expertise. In fact, Wells Fargo and The Blackstone Group L.P. BX helped the industrial titan to get the ball rolling, by agreeing to buy real estate assets worth about $23 billion. With the latest deals, GE’s announced asset sales have reached $95 billion year-to-date, well ahead of its schedule. In fact, the company raised its 2015 target for GE Capital asset sales from $100 billion to a range of $120 billion to $150 million. By and large, GE’s sales of portfolios or business units have been selling at par or somewhat above par, as they are performing assets and not distressed. Also, there is significant demand for these assets from financial firms that have very few good buying opportunities. GE presently carries a Zacks Rank #3 (Hold). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BERKSHIRE HTH-B (BRK.B): Free Stock Analysis Report BLACKSTONE GRP (BX): Free Stock Analysis Report WELLS FARGO-NEW (WFC): Free Stock Analysis Report GENL ELECTRIC (GE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Wells Fargo est une société d’exploration minière basée aux Etats-Unis D'Amerique. Wells Fargo est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 271,2 milliards US$ (243,7 milliards €). La valeur de son action a atteint son plus bas niveau récent le 03 juillet 1997 à 10,01 US$, et son plus haut niveau récent le 18 septembre 2024 à 54,26 US$. Wells Fargo possède 4 997 319 680 actions en circulation. |