Move over Citigroup, here Comes the GE Volume (C, GE)

Going into the 3 PM hour General Electric (NYSE:GE) has already traded 152 million shares giving the usual volume leader Citigroup (NYSE:C) a run for its money.

GE TO $22

That's the word from JP Morgan (NYSE:JPM), even with today's 5.7% increase the analyst covering GE believes the stock still has another 34.7% to gain.  JP Morgan has set a new price target to $22 on GE shares. JP Morgan analyst C. Stephen Tusa called GE his Top Pick in the sector and said shares do not reflect the potential significant earnings leverage at GE Capital.

While GE has historically traded at a 30% premium to the multi-industry group, they suggest a in-line multiple is a more appropriate today. Even with this in-line multiple shares are seriously undervalued, according to the firm.  Read more about the analyst rating at StreetInsider.com - click here>>

Back to the volume, just check out these stats thanks to Yahoo! Finance, 152 million shares of GE have traded hands today as of 3 PM, unbelievable:

Symbol	Name	Last Trade	Change	Volume
C	CITIGROUP INC	3.66 3:02PM ET	0.02 (0.69%)	558,621,983
BAC	BK OF AMERICA CP	17.01 3:02PM ET	0.62 (3.78%)	262,534,484
GE	GEN ELECTRIC CO	16.31 3:02PM ET	0.86 (5.57%)	152,473,203