Bank of America Merrill Lynch Reiterates Neutral on General Electric

Bank of America Merrill Lynch is out with its report today on General Electric GE, reiterating Neutral. In a note to clients, Bank of America Merrill Lynch writes, "As GE Capital's contribution to GE's earnings is reduced, this should help to lower the implied mix pressure from GE's valuation as financial companies are valued typically less highly in the market. We continue to view GE businesses to be favorably positioned to capture market share, including GE Capital that has not faced the massive write-downs of other financial companies. GE margins should be helped as industrial service growth begins to overtake product growth over the coming quarters." At the time of posting, shares of GE were trading pre-market at $18.36, up 0.22% from Friday's close.