GM stock jumps nearly 10% after stronger 2026 outlook and fresh $6 billion buyback
GM shares surged 9.6% to $87.07 after the company raised its 2026 profit outlook and announced a $6 billion buyback and higher dividend. Fourth-quarter adjusted pre-tax earnings rose 13% to $2.84 billion, but GM posted a $3.3 billion loss due to charges from scaling back EV investments. Investors remain wary of tariffs, supply-chain issues, and softening demand.