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  • Rank24
  • Previous Rank27
  • CEO
    Jeffrey R. Immelt
  • Address
    3135 Easton Turnpike, Fairfield, CT 06828
  • Websitehttp://www.ge.com
  • Industry
    Diversified Financials

GE announced in April that it would offload its consumer lending business over the next two years, trading the risk and uncertainty of big banking for a reassertion of the company’s industrial might. The move could help the maker of jet engines, medical devices, and oil drilling equipment reclaim its title as one of the greatest dividend stocks in the S&P 500. (Through share buybacks and dividends, the company plans to return more than $90 billion to investors by 2018.) Meanwhile, GE is doubling down on its energy stakes, tendering a nearly $14 billion bid to acquire the French industrial giant Alstom’s gas and steam turbine business in what would be GE’s biggest deal ever. CEO Jeff Immelt is powering ahead with the company’s transformation. As he told a graduating class at Siena College in New York: “At GE, we have a purpose. We move, build, power and cure the world.”

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Company Information

CEO
Jeffrey R. Immelt
Industry
Diversified Financials
Sector
Financials
HQ Location
Fairfield, CT
Websitehttp://www.ge.com
Years on List21

Key Financials (last fiscal year)

($ Millions)% change
Revenues148,3211.4%
Profits15,23316.7%
Assets648,349-
Employees305,000-

Profits as a % of

Profit as % of Revenues10.3%
Profits as % of Assets2.3%
Profits as % of Stockholder Equity11.9%