General Electric posts earnings of 29 cents a share vs 26 cents expected
October 16, 2015 at 06:39 AM EDT
Analysts had expected the company to report earnings of 26 cents a share on $28.57 billion in revenue, according to a consensus estimate from Thomson Reuters. Earlier this week, the Federal Reserve said it would allow Synchrony Financial, which is owned and controlled by General Electric, to become a savings and loan holding company and keep control of its bank.