Shares of General Electric (GE) have crushed the broader markets this year, rising over 73% in 2023. Valued at a market cap of $122 billion, GE stock has surged more than 88% in the last 12 months - though it's still well below the all-time highs reached back in 2000, when the company was valued over $600 billion.
Despite its recent gains, the large-cap stock has trailed the broader markets by a wide margin over the long term. After adjusting for dividends, GE stock has returned 28% since August 2003. Comparatively, the S&P 500 Index ($SPX) has returned 571% to shareholders in the last two decades.
