General Electric (GE) Lower Again On Fears
More News related to BAC
- Bank of America Survey Finds Despite Tightening Their Wallets, Americans Are Further from Achieving Their Retirement Goals Amidst Weakening Economy
- Bank of America Announces Fourth Quarter and Full-Year 2008 Earnings Conference Call
- Bank of America Announces Cleaner Coal Partnership With the Harvard University Center for the Environment
- Merrill (MER) Could Cut Year-End Bonuses by 50%
- Carnival Corporation Sets Sail With Bank of America for Corporate Credit Card Program
More News related to GE
- BridgewaterEquity.com Free Fundamental Sector & Market Research on BQI, GE, PMCS and OMTR
- CNBC May Cut As Many As 80 Employees Today
- CNBC's New Commercials Highlighting Various Personalities (Kernen, Bartiromo, Gasparino)
- Active Equity option families in first 30-minutes of Trading: C JNPR GE AAPL GM
- Deutsche Bank Lowers Estimates and Price Target on General Electric (GE)
After trading higher earlier, General Electric Co. (NYSE: GE) is lower again. The stock is trading at $20.63, down 3.5%. The 52-week low is $19.69. GE recently had that large stock offering at $22.25, which is now underwater.
There seems to be fear that the GE dividend could be cut after the recent capital raise and news BofA (NYSE: BAC) cut their dividend. The dividend yield on GE common is 5.7%.
Earlier today, Merrill Lynch lowered their 2008 profit forecast on GE to $1.96 and cut their price target to $23.
Related Categories
DividendsInsiders' Blog
Rumors
Stocks Mentioned
-0.71Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
