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General Motors' Q3 net profit surged by 151.3%, and the company approved an additional $20 billion in stock buybacks.
General Motors (GM) announced its third-quarter 2026 results, with net income attributable to shareholders of approximately $3.3 billion, a year-over-year increase of about 151.3%. The company's revenue was approximately $50 billion, up 2.9% year-over-year; adjusted EBIT was approximately $4.1 billion, a 22% increase year-over-year. Additionally, GM narrowed its 2026 adjusted EBIT guidance to $14.5 billion to $15.5 billion and approved an additional $20 billion stock repurchase authorization.
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Next: Bloomberg columnist Jonathan Levin wrote that CoreWeave bonds plunged this month, with yields on notes due in 2032 briefly soaring to 15%, sounding an alarm for the corporate credit market. The Federal Reserve should hold steady at its October policy meeting.
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