Goldman Sachs raised its rating on the shares to "buy" on the news.
Bloomberg News reported that U.S. Rep. Barney Frank said in an interview that GE's ownership of GE Capital was "not part of the problem" that caused the financial crisis.
Many investors had feared that the Obama administration's planned overhaul of the system could compel Fairfield, Connecticut-based GE to spin off the finance unit. That business over the past year has become the company's Achilles heel, and GE management was working to downsize it in the face of falling profits
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