GE'S Immelt Said GE Capital Worth $10-$20B

In an interview with Charlie Rose last night, General Electric's (NYSE: GE) CEO Jeff Immelt said GE Capital is undervalued by investors and is "worth $10 billion or $20 billion."

Immelt also said non-U.S. revenue would climb from 50%-60%.

On the stimulus, Immelt said it "has to get faster."

Shares of GE closed at $11.86 yesterday, with a 52-week range of $5.87-$30.39.

UPDATE: The comments form Immelt have been misrepresented.� On the show Immelt suggested that GE Capital is worth significantly more than $20 billion.

Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php

You May Also Be Interested In

• Nscale targets up to $3B in US IPO as soon as September - Bloomberg
• Fannie Mae loses at least 10 senior executives amid departures - WSJ
• New York Fed raises Q3 2026 GDP forecast to 2.3%