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BreakingStocks

GM Approves $20B Share Buyback as 3M Raises 2026 Profit Guidance

First Detected: Oct 20, 2026, 10:40 AM
Last Update: about 1 hour ago
2 updates

Event Summary

General Motors reported Q3 revenue of $50 billion and authorized a new $20 billion share repurchase program. GM Financial's net income for the quarter reached $487 million, representing a decrease from $589 million in the prior year, alongside $9.9 billion in retail loan originations. Additionally, 3M raised its 2026 adjusted EPS guidance to a range of $9.10 to $9.15 following 3.3% organic sales growth.

Timeline

Latest developmentabout 5 hours ago

GM Financial Net Income Drops to $487 Million in Q3 2026

General Motors' financing arm reported a year-over-year profit decline despite generating $9.9 billion in new retail loan originations.

Read the full story
  1. Oct 20, 2026, 10:30 AM
    GM Approves $20B Share Buyback as 3M Raises 2026 Profit Guidance

    General Motors reported $50 billion in Q3 revenue and a massive buyback, while 3M increased its full-year EPS outlook following solid organic sales growth.

Key facts

  • GM Financial announced net income of $487 million for the quarter ended September 30, 2026.
  • Net income decreased compared to $589 million in the same quarter of the previous year 2025.
  • Retail loan originations were $9.9 billion for the quarter ended September 30, 2026.
  • General Motors reported Q3 revenue of $50 billion and approved a new $20 billion share repurchase authorization.
  • 3M raised its 2026 adjusted EPS guidance to a range of $9.10 to $9.15 following 3.3% organic sales growth.