GE's Write Offs Decline Faster Than Expected (GE)

Analysts at Oppenheimer are growing more optimistic over the rate at which bad assets and write offs in GE's portfolio are coming along. General Electric (NYSE: GE) was hit hard in the credit crunch as investors were worried that their financial arm of the company could drag the company to insolvency. As those rumors were quelled with earnings, the next worry by investors was how long it would take for General Electric to get back on track.

The super conglomerate should react positively to this analyst report due to it giving the investing public more of an idea on the time frame in which General Electric can recover. Less uncertainty is generally a good thing for investors.

The analysts are also quoted as saying, "With GE Capital guidance positioned for the upside, we could see another positive adjustment to the anticipated capital contribution of $2B from the parent." The fact that more positive changes could be in the works could indicate more catalysts moving forward. Their price target is set for $20 per share. Shares of GE closed at $15.77 per share after Thursday's session.