The conglomerate had said in April that it was selling the bulk of GE Capital, the giant finance business that had long accounted for about half of its profit.
General Electric (GE – Get Report) stock is up 0.35% to $25.80 in after-hours trading on Tuesday, after the company agreed to sell its Healthcare Financial Services unit to Capital One Financial (COF) for nearly $9 billion. The Company’s main subsidiaries include the...
Capital One Financial Corp., the bank that gets more than half of its revenue from credit cards, reported profit that missed analysts’ estimates as the lender set aside $1.1 billion to cover credit losses.