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Why Jim Lebenthal Is Bullish On General Motors

On CNBC's "Fast Money Halftime Report," Jim Lebenthal spoke about General Motors Company (NYSE: GM), which was added by Deutsche Bank to its "Catalyst Call Buy List" o

Benzinga · 08/17/2020 20:26

On CNBC's "Fast Money Halftime Report," Jim Lebenthal spoke about General Motors Company (NYSE:GM), which was added by Deutsche Bank to its "Catalyst Call Buy List" on Monday.

He said that should General Motors spin off the electric vehicle division, like Deutsche Bank analysts suggested, it would be a $20 billion company. If you also strip out the autonomous division, those two divisions would be worth the market cap of the stock today.

The only problem is that General Motors' management has to split the company and if it does that, it would be worth 50% more, said Lebenthal.