Posted on 10/10/2011 12:39:25 PM PDT by reaganaut1
Capital Finance earned $2.3 billion in 2009 and should strengthen during 2010. Earnings could experience a significant “bounce back” in 2011. Our credit costs in 2009 –10 are about three times those in the last few years. But it appears that nonearning assets have peaked and losses will be declining substantially over the next year or two. At the same time, margins on new business remain strong.
$2.3 Billion in earnings for GE Capital Finance.
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