Source: Giphy
General Electric revealed during a Wednesday morning earnings call that the Securities and Exchange Commission is investigating a recently-disclosed $6.2 billion charge related to GE Capital's insurance portfolio. The troubled conglomerate also said it plans to restate its 2016 and 2017 results.
- GE stock was up in pre-market trading on 2018 guidance (despite missing on top and bottom lines for Q4), but fell quickly after the regulatory probe was disclosed.