Reports are suggesting the diversified infrastructure and financial services company has launched the sale process of the $40 billion portion of its U.S. commercial lending assets.
The sale is part of the company's broader plan to remove itself from the finance business, Reuters reports.
The businesses include GE's commercial distribution finance, equipment finance, and corporate finance segments, Reuters said, adding that sources told the publication that the businesses could go to a single buyer or divided up and sold in pieces.
Separately, TheStreet Ratings team rates GENERAL ELECTRIC CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL ELECTRIC CO (GE) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."