PLEASE REFRESH PAGE
To view updates
Jpmorgan Chase & Co reports 38.44% increase in ownership of GE / General
August 11, 2020 - Jpmorgan Chase & Co has filed a 13F-HR form disclosing
ownership of 9,855,734 shares of General Electric Co. (US:GE) with total
holdings valued at $67,315,000 USD as of June 30, 2020. Jpmorgan Chase &
Co had filed a previous 13F-HR on May 12, 2020 disclosing 7,119,128
shares of General Electric Co. at a value of $56,525,000 USD. This
represents a change in shares of 38.44 percent and a change in value of
19.09 percent during the quarter.
Jpmorgan Chase & Co has a history of taking positions in derivatives of
the underlying security (GE) in the form of stock options. The firm
currently holds 1,648,400 call options valued at $11,259,000 USD and
2,835,100 put options valued at $19,364,000 USD .
Other investors with positions similar to Jpmorgan Chase & Co include
Manufacturers Life Insurance Company, The, D. E. Shaw & Co., Inc., Royal
Bank Of Canada, American Century Companies Inc, National Pension
Service, and Allianz Asset Management AG.
Jpmorgan Chase & Co reports
38.44% increase in ownership of GE / General Electric Co.
The Security, Class, and ID columns in the table below are shown exactly
as filed by the investor. We do our best to track continuity of
investments through acquisitions, and this will be reflected in the
table as changes in names and CUSIPs. In addition to descriptive data,
performance of the investment is shown over time. To calculate quarterly
performance, we first calculate cost basis of the shares purchased
during the quarter, then use that to calculate gross profit. Quarterly
return is Gross Profit / Starting Portfolio value.
Note that cost basis is calculated and stored in thousands, so small
quarterly changes in shares frequently result in a cost basis of zero.
1968 World Book Encyclopedia [G], page 83:
General Electric Company (GE), incorporated on April 15, 1892, is a
diversified technology and financial services company.
The products and services of the Company range from aircraft engines,
power generation, water processing, and household appliances to medical
imaging, business and consumer financing and industrial products.
It serves customers in more than 100 countries. Effective January
28, 2011, it held a 49% interest in a media company that includes the
NBC Universal businesses.
Its segments include Energy Infrastructure, Aviation, Healthcare,
Transportation, Home & Business Solutions and GE Capital.
Effective January 1, 2011, it reorganized the Technology
Infrastructure segment into three segments: Aviation, Healthcare and
On January 28, 2011, the Company transferred the assets of its NBC
Universal (NBCU) business and Comcast Corporation (Comcast) transferred
certain of its assets to a NBCUniversal LLC (NBCU LLC).
On February 1, 2011, it acquired Dresser, Inc.
On February 4, 2011, the Company acquired Wellstream PLC.
On March 2, 2011, GE acquired Lineage Power Holdings, Inc.
On April 26, 2011, the Company acquired the Well Support division of
John Wood Group PLC.
In August 2011, the Company acquired Commtest.
On September 2, 2011, it acquired Converteam.
During the year ended December 31, 2011, the Company completed the
sale of its CLL marine container leasing business.
On February 22, 2012, the Company merged its wholly owned subsidiary,
General Electric Capital Services, Inc. (GECS), with and into GECS’
wholly owned subsidiary, General Electric Capital Corporation (GECC).
In April 2012, GE Healthcare acquired SeqWright, Inc.
In May 2012, GE Healthcare, the healthcare business of GE, acquired
Xcellerex, Inc., a supplier of manufacturing technologies for the
In June 2012, GE Healthcare acquired XPRO, a Brazilian Interventional
X-ray equipment manufacturer company.
In August 2012, it acquired PRESENS. In December 2012, the Company
acquired 19% interest in Morpho Detection Inc.
In February 2013, it announced the sale of its remaining 49%
interest in its joint venture with Comcast, which includes NBCUniversal
(NBCU), as well as the NBCU floors in 30 Rockefeller Center.
In June 2013, GE Oil & Gas of Italy, a unit of GE's GE
Infrastructure Inc subsidiary, acquired Salof Cos.
In June 2013, American Realty Capital Trust IV Inc announced that it
has closed on the acquisition of 377 primarily net lease retail
properties as part of its previously announced portfolio acquisition
from certain affiliates of General Electric Co's GE Capital.
In July 2013, General Electric Co's GE Oil & Gas completed its
acquisition of Lufkin Industries, Inc.
In August 2013, General Electric Company completed the acquisition
of the aviation business of Ario S.p.A.
In December 2013, CLARCOR Inc. completed the acquisition of Air
Filtration business of General Electric Company’s Power & Water
Effective December 31, 2013, CareFusion Corp acquired Vital Signs Inc
from GE Healthcare, a unit of General Electric Co.
In February 2014, General Electric Co's GE Oil & Gas launched its
new Downstream Technology Solutions business to supply equipment and
services to the $10 bln refining, petrochemical, industrial and
distributed gas segments.
In February 2014, General Electric Company completed the acquisition
of API Healthcare.
In March 2014, General Electric Company acquired Thermo Fisher's
HyClone cell culture media and sera, and gene modulation and magnetic
Energy Infrastructure is engaged in the development, implementation and
improvement of products and technologies that harness resources, such as
wind, oil, gas and water. The Company’s operations are located in North
America, Europe, Asia, South America and Africa. Energy serves power
generation, industrial, government and other customers worldwide with
products and services related to energy production, distribution and
management. It offers wind turbines as part of its renewable energy
portfolio, which also includes solar technology. It also sells aircraft
engine derivatives for use as industrial power sources. It sells gas
turbines and generators that are used principally in power plants for
generation of electricity and for industrial cogeneration and mechanical
drive applications. This segment is a provider of Integrated
Gasification Combined Cycle (IGCC) technology design and development.
IGCC systems convert coal and other hydrocarbons into synthetic gas
that, after cleanup, is used as the primary fuel for gas turbines in
GE sells steam turbines and generators to the electric utility industry
and to private industrial customers for cogeneration applications.
Nuclear reactors, fuel and support services for both new and installed
boiling water reactors are offered through joint ventures with Hitachi
and Toshiba. In addition, the Company designs and manufactures motors
and control systems used in industrial applications primarily for oil
and gas extraction and mining. The Company provides its customers with
total solutions to meet their needs through a complete portfolio of
aftermarket services, including equipment upgrades, long-term
maintenance service agreements, repairs, equipment installation,
monitoring and diagnostics, asset management and performance
optimization tools, remote performance testing and Dry Low NOx (DLN)
tuning. Energy also offers water treatment solutions for industrial and
municipal water systems, including the supply and related services of
specialty chemicals, water purification systems, pumps, valves, filters
and fluid handling equipment for improving the performance of water,
wastewater and process
systems, including mobile treatment systems and desalination processes.
Oil & Gas supplies mission critical equipment for the global oil and gas
industry, used in applications spanning the entire value chain from
drilling and completion through production, liquefied natural gas (LNG)
and pipeline compression, pipeline inspection, and including downstream
processing in refineries and petrochemical plants. The business designs
and manufactures surface and subsea drilling and production systems,
equipment for floating production platforms, compressors, turbines,
turboexpanders, high pressure reactors, industrial power generation and
a portfolio of auxiliary equipment. The Company has over 40 service
centers and workshops in oil and gas extraction and production regions.
It also provides upgrades to customers’ machines.
Aviation is a provider of jet engines and related services with
operations in North America, Europe, Asia and South America. Aviation
produces, sells and services jet engines, turboprop and turbo shaft
engines, and related replacement parts for use in military and
commercial aircraft. Its military engines are used in a range of
aircraft, including fighters, bombers, tankers, helicopters and
surveillance aircraft, as well as marine applications, and its
commercial engines power aircraft in all categories of range:
short/medium, intermediate and long-range, as well as executive and
regional aircraft. The Company also produces and markets engines through
Aviation also produces global aerospace systems and equipment, including
airborne platform computing systems, power generation and distribution
products, mechanical actuation products and landing gear, plus various
engine components for use in both military and commercial aircraft. GE
provides maintenance, component repair and overhaul services (MRO),
including sales of replacement parts for many models of engines and
repair and overhaul of engines manufactured. These MRO services are
often provided under long-term maintenance contracts.
Healthcare is a provider of healthcare technologies to developed,
developing and emerging countries. Its operations are located in North
America, Europe, Asia and South America. Healthcare provides medical
imaging and information technologies, medical diagnostics, patient
monitoring systems, disease research, drug discovery and
biopharmaceutical manufacturing technologies. With diagnostic imaging
systems, such as magnetic resonance (MR), computed tomography (CT) and
positron emission tomography (PET) scanners, X-ray, nuclear imaging,
digital mammography, and Molecular Imaging technologies, Healthcare
creates products that allow clinicians to see inside the human body.
Medical diagnostics and life sciences products include diagnostic
imaging agents used in medical scanning procedures, drug discovery,
biopharmaceutical manufacturing and purification, and tools for protein
and cellular analysis for pharmaceutical and academic research,
including existing and a pipeline of precision molecular diagnostics in
development for neurology, cardiology and oncology applications.
The Company’s product services include remote diagnostic and repair
services for medical equipment manufactured by GE and by others, as well
as computerized data management, information technologies and customer
productivity services. Products and services are sold worldwide
primarily to hospitals, medical facilities, pharmaceutical and
biotechnology companies, and to the life science research market.
Transportation provides technology solutions for customers in a range of
industries, including railroad, transit, mining, oil and gas, power
generation and marine. It serves customers in more than 100 countries in
North America, Europe, Asia, South America and Africa. Transportation
manufactures high-horsepower diesel-electric locomotives, including the
Evolution Series. It also offers drive technology solutions to the
mining, transit, marine and stationary, and drilling industries. Its
motors operate in a range of applications, from electrical drive systems
for large haulage trucks used in the mining industry to transit cars and
drilling rigs, and its engines are used for marine power, as well as
stationary power generation applications.
Home & Business Solutions
Home & Business Solutions’ products, such as appliances and a subset of
lighting products are primarily directed to consumer applications, while
other lighting products and automation solutions are directed towards
commercial and industrial applications. Appliances and Lighting sells
and services home appliances, including refrigerators, freezers,
electric and gas ranges, cooktops, dishwashers, clothes washers and
dryers, microwave ovens, room air
conditioners, residential water systems for filtration, softening and
heating, and hybrid water heaters. Brands are GE Monogram, GE Profile,
GE, Hotpoint and GE Cafe. It manufactures certain products and also
sources finished product and component parts from third-party global
manufacturers. It offers original equipment manufacturer (OEM) service
organizations, providing in-home repair and aftermarket parts. It also
manufactures, sources and sells a variety of lamp products for
commercial, industrial and consumer markets, including lines of
incandescent, halogen, fluorescent, high-intensity discharge,
light-emitting diode, automotive and miniature products. Intelligent
Platforms provides plant automation, hardware, software and embedded
computing systems, including advanced software, controllers, embedded
systems, motion control, and operator interfaces. It has operations
located in North America, Europe, Asia and Latin America.
GE Capital businesses offer a range of financial services and products
worldwide for businesses of all sizes. Services include commercial loans
and leases, fleet management, financial programs, home loans, credit
cards, personal loans and other financial services. GE Capital also
develops strategic partnerships and joint ventures. During 2011, GE
Capital provided new financings in the United States to various
companies, infrastructure projects and municipalities. Its operations
are located in North America, South America, Europe, Australia and Asia.
CLL provides customers worldwide with a range of financing solutions. It
offers collateralized loans, leases and other financial services to
customers, including manufacturers, distributors and end users for a
variety of equipment and capital assets. These assets include
industrial-related facilities and equipment; vehicles; corporate
aircraft, and equipment used in many industries, including the
construction, manufacturing, transportation, media, communications,
entertainment and healthcare industries.
Consumer, through consolidated entities and associated companies, is a
provider of financial services to consumers and retailers. It offers a
range of financial products to suit customers’ needs, including
private-label credit cards, personal loans, bank cards, auto loans and
leases, mortgages, debt consolidation, home equity loans, deposit and
other savings products, and small and medium enterprise lending.
Real estate offers a range of capital and investment solutions,
including equity capital for acquisition or development, as well as
fixed and floating rate mortgages for new acquisitions or
re-capitalizations of commercial real estate worldwide. Its business
finances, with both equity and loan structures, the acquisition,
refinancing and renovation of office buildings, apartment buildings,
retail facilities, hotels, parking facilities and industrial properties.
The Company’s real estate loans are intermediate term, senior, fixed or
floating-rate, and are secured by existing income-producing commercial
properties. The Company invests in, and provides restructuring financing
for, portfolios of commercial mortgage loans, limited partnerships and
Energy Financial Services offers equity, debt, leasing, partnership
financing, project finance and broad-based commercial finance to the
global energy and water industries. GE Commercial Aviation Services (GECAS)
is engaged in commercial aircraft leasing and finance, delivering fleet
and financing solutions to companies across the aviation industry. Its
product offerings include leases and secured loans on commercial
passenger aircraft, freighters and regional jets; engine leasing and
financing solutions; aircraft parts solutions, and airport equity and
debt financing. The Company also co-sponsors an infrastructure private
equity fund, which invests in large infrastructure projects, including
» Full Overview of GE.N http://www.reuters.com/finance/stocks/companyProfile?symbol=GE.N
GE bought Kidder, Peabody, then a 121-year-old stately investment
house, for $600 million in 1986.
1995 — Kidder was founded in Boston on April 1, 1865, by Henry Kidder,
Francis Peabody and Oliver Peabody. When the firm first opened, it
advertised " ...
Kidder PeabodyKidder Peabody Name To Vanish -- Venerable Presence Fades
After 129 Years
Jan 18, 1995
The Wall Street Journal
NEW YORK - Another one bites the dust.
Kidder, Peabody & Co., one of Wall Street's longest-running names, will
disappear when the investment bank is dismantled later this month.
PaineWebber Group Inc. agreed to acquire most of Kidder's assets in
October but wanted to mull over whether it wanted to acquire the Kidder
Now, after a six-week "global study" of its retail, banking and
institutional clients, PaineWebber has decided that it's time to make
the Kidder Peabody name a Wall Street footnote.
"Our research, as well as other considerations, is showing us that
PaineWebber is the name to go forward with," said Jerry Johnston,
manager of corporate communications. "Now that we are a bigger force
internationally, we want to behave as one company, with one voice and
The demise of Kidder will mean the end of a name that has been kicking
around Wall Street for nearly 130 years.
Kidder was founded in Boston on April 1, 1865, by Henry Kidder, Francis
Peabody and Oliver Peabody. When the firm first opened, it advertised
"banking, brokerage and exchange business."
Unlike other Wall Street names, which have gone through various
incarnations, the Kidder Peabody name has remained intact throughout the
Kidder, long known for its investment-banking prowess, was acquired by
General Electric Co. in 1986 and stumbled in a 1980s insider-trading
scandal. In the 1990s, Kidder rebuilt itself into a Wall Street
juggernaut in mortgage-backed bonds. But last year's sharp rise in
interest rates, coupled with a bond-trading scandal, crippled the firm.
name had cachet in the late 1970s and early '80s, analysts say today it
has little, if any, luster.
"Fifteen or 20 years ago, the Kidder name would have made a difference,"
said Perrin Long, an independent securities-industry analyst. "Kidder
was strong in utility underwriting, it had a crackerjack research
department, it had high-net-worth retail clients and a very strong
But, by the end of last year, Kidder wasn't a powerful presence in much
of anything. Although the firm still laid claim to the No. 1 spot for
mortgage-backed underwriting, largely because of a busy first quarter,
it finished the year as the seventh-ranked underwriter of stocks and
Still, to some, the Kidder name isn't completely worthless.
As Kidder has been unwinding its operations in recent weeks, some
employees have been quietly walking away with the Kidder Peabody signs
that used to adorn each floor of the investment bank.
"It could be a collector's item one day," said one trader who said he
planned to pocket a sign.
Kidder is the second Wall Street name to be shelved in less than a year.
Last May, Travelers Group, parent of brokerage giant Smith Barney Inc.,
scrapped the Shearson name after Smith Barney and Shearson's brokerage
Timeline: Westinghouse Electric Co.
Email Share Share Tweet
Print Order Reprints
George Westinghouse founded Westinghouse Air Brake Co., Westinghouse
Electric Co., and 59 other companies.
George Westinghouse founded Westinghouse Air Brake Co., Westinghouse
Electric Co., and 59 other companies.
IN THIS ARTICLE
Mar 29, 2017 Updated Mar 29, 2017, 4:45pm EDT
Westinghouse Electric Co.'s history in the Pittsburgh region dates back
to the 1880s. Here's a glance at its past:
Westinghouse Electric Co. is founded in Pittsburgh by inventor George
Westinghouse. The company also creates the first alternating-current
transformer, a key advance in the history of electricity. It has about
Westinghouse technology electrifies Great Barrington, Mass.
Westinghouse starts work on a major plant in East Pittsburgh.
More than 9,000 employees work at Westinghouse Electric & Manufacturing
Co.’s biggest plant; an additional 3,000 work elsewhere.
Westinghouse’s research and development division is started.
George Westinghouse dies at 67.
The first commercial radio station, KDKA, goes on the air. It’s owned by
Westinghouse, which will go on to have a major presence in the radio and
TV industries. It will take ownership of station WBZ in Boston the
The company starts Westinghouse Electric Supply Co., a distributor of
The first TV camera tube is developed by the company, which also that
year starts an elevator manufacturing business.
Westinghouse designs the first commercial nuclear power plant, the
Beaver County Nuclear Station, which remains in operation today.
Thomas Co. marketing Cranberry campus by touting the strength of
Employment by the company in the Pittsburgh region increases to 28,000.
Company sells several operating units.
Westinghouse Air Brake, which was formed by George Westinghouse in 1869,
is acquired by its management team and becomes Wabco and later, after
going public, Wabtec Corp. (NYSE: WAB). Local employment drops to 18,000
as the company records a billion-dollar loss.
Westinghouse Electric Supply Co., the electrical parts distributor owned
by Westinghouse, is purchased by management and becomes Wesco
International (NYSE: WCC), which exists today as a separate publicly
The company's Cleveland-based electrical operations are sold to Eaton
Corp.; Westinghouse acquires Norden Corp., a manufacturer of radar.
Westinghouse Electric becomes CBS Corp. after merging with the fabled TV
company. It stops being traded as a public company after 111 years with
the ticker symbol WX.
More industrial businesses are sold off by the combined Westinghouse.
Westinghouse buys Infinity Broadcasting Corp. for $4.9 billion, changes
its name to CBS and moves its headquarters from Pittsburgh to New York
Sells off its nuclear business.
Viacom acquires CBS Corp.
Japanese electronics manufacturer Toshiba Corp. acquires Westinghouse
for $5.4 billion.
Westinghouse, which has headquarters in Monroeville, announces it has
picked Cranberry as its new home base.
Westinghouse adds more space to its Cranberry headquarters complex.
Shigenori Shiga named chairman of Westinghouse Electric, replacing Steve
Westinghouse CEO Jim Ferland resigns two days after officially taking
over for the retiring Aris Candris to become CEO at competitor Babcock &
Danny Roderick is named president and CEO of Westinghouse Electric,
replacing CEO Shigenori Shiga, who had the interim title.
Westinghouse and Georgia Power file lawsuits against each other over
power plants under construction in Georgia.
Toshiba Corp. buys Shaw Group's 20 percent stake in Westinghouse.
Westinghouse lays off 665 employees worldwide.
Duke Energy cancels construction of nuclear power units in Florida using
Westinghouse’s AP1000 design.
PPG Industries takes over office space in Cranberry that had been
occupied by Westinghouse.
Toshiba reportedly considers selling part of its stake in Westinghouse.
Duke Energy files a lawsuit against Westinghouse over the cancellation
of nuclear power plant projects in Florida.
China is accused of stealing trade secrets from several Pittsburgh-area
companies, including Westinghouse.
Westinghouse agrees to buy CB&I Stone & Webster, the nuclear business of
Westinghouse completes transaction to acquire CB&I Stone & Webster
Toshiba announces a $2.3 billion write-down on the value of
Westinghouse’s AP1000 project in China is reported to be ahead of
Westinghouse names José Emeterio Gutiérrez interim president and CEO,
replacing Danny Roderick, who has become president and CEO of Toshiba’s
Energy Systems and Solutions Co.
Westinghouse is sued over nuclear deal with CB&I Stone & Webster.
Westinghouse Electric announces it will buy Nuclear Logistics from AZZ
Inc.; in January, it announces that it won’t buy it after all and
instead will partner with AZZ.
Westinghouse announces it won’t be buying Nuclear Logistics.
Toshiba Chairman Shigenori Shiga resigns.
Japanese officials urge Toshiba to consider bankruptcy for Westinghouse.
Toshiba is reportedly considering selling off Westinghouse as the
reported loss grows to more than $6 billion.
Westinghouse files for Chapter 11 bankruptcy after running up about $9
billion in liabilities for Toshiba.
Electric Company 2002
Electric Company 2013
Faces Life After Siegel