NEW YORK ( TheStreet) -- General Electric CEO Jefferey Immelt said "our portfolio is the best it's been in a long time," when speaking at a conference late last month, but analysts don't expect any third-quarter fireworks.
GE will reports its third-quarter results early Friday morning, with a consensus earnings estimate 36 cents a share, among analysts polled by Thomson Reuters, declining from earnings of 38 cents in the second quarter, but increasing from 31 cents during the third quarter of 2011.
During the second quarter, GE Capital -- which for some time was a major drag on the General Electric's earnings -- paid the parent company $3.0 billion in dividends. Morgan Stanley analyst Nigel Coe said on Sep. 30 that he expected GE's financial arm to become a "cash machine," because GE Capital's "Basel I Tier-1 Common Equity ratio compares favorably to US bank peers and assuming maintenance of a 10% CT1 ratio, we see potential for $30bn cash distribution
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