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GE Planning To Spin Off Consumer Lending Business

By Warren Paige

Wall Street Journal, citing sources familiar with the matter said on Friday that General Electric Co. (NYSE: GE) is planning to spin off its U.S. consumer lending operations, which is a part of the finance unit of GE capital. The move comes as the conglomerate looks to shift its focus towards core competencies, which is manufacturing industrial goods. The report said that the conglomerate is concerned about its exposure to the banking sector. Wall Street Journal also said that the initial process to spin off its consumer lending arm though an initial public offer has already begun.

August 30th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.