General Electric says that its financial stability has improved since the start of the year though bad loans in commercial real estate will continue to be an obstacle for sometime.
Profits for 2010 are predicted to be between $2 and $2.5 billion for the company, who is already moving forward on plans to minimize GE Capital.
Even in light of his, GE’s losses aren’t predicted to reach their zenith until next year as a result of trouble with its real estate pursuits. Exacerbating this is the expectation that commercial real estate values will continue to decline an addition 13 percent in the coming year.
GE, who sold NBC Universal to Comcast recently for $8 billion, is opening itself up to investors for the third time this year. The conglomerate claims the NBC deal will help them close 2010 with between $23 and $26 billion.
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