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GE is trading at its lowest level since the financial crisis (GE)


Shares of General Electric sank 2.7% Wednesday, to hit $ 12.01, the stock’s lowest level since the financial crisis in 2009.

GE’s gross profit has fallen significantly from $ 59.19 billion in 2010 to just $ 11.49 billion in 2017. The stock has fallen in step.

CEO John Flannery, who took over last year from Jeff Immelt, has promised to “maintain a disciplined financial policy” that so far has involved slashing the company’s once-dependable dividend yield and selling or spinning off …
Business Insider

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