GE's Immelt Wins Back the Analysts

Analysts almost gush on the conference call about the sale of most of GE Capital.

Let's not overdo it.

Photographer: Chun-Teh Chen/Getty Images

Sell-side analysts have gotten a lot less cheerleadery over the years in their conference calls with corporate executives. My (possibly exaggerated) memory of earnings calls in the late 1990s is that if a company beat estimates, almost every analyst prefaced his or her questions with a “great quarter,  guys.” That doesn’t happen much anymore -- and probably hasn't since Eliot Spitzer waged war on the analysts and their happy talk as New York’s attorney general in the early 2000s.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.