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U.S. stock futures turn mixed on Thursday, following a record-setting day during the previous trading session.
In 2015, Peltz argued that GE's shares could reach between $40 and $45 a share, by the end of 2017. Instead, the investment contributed significantly to Trian's less-than-stellar 3% annual return for the year through early December, a person familiar with the situation noted. Most of Trian's investments did well in 2017, such as allocations to Bank of New York and Sysco, but the GE investment was a key reason for lower returns overall.
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Pairing growth and regulatory rollback bodes well for large cap banks, Barclays analysts say.