GM Expects Profit Growth, Plans $6 Billion in Buybacks
Market Intelligence Analysis
AI-PoweredGeneral Motors expects a $2 billion profit growth this year, authorizes $6 billion in share buybacks, and increases its quarterly dividend by 3 cents, driven by strong demand for its high-margin vehicles.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
General Motors expects profits to grow as much as $2 billion this year and the automaker said it authorized $6 billion in share buybacks and an increase in its quarterly dividend by 3 cents to 18 cents a share, fueled by demand for its highest margin vehicles. Craig Trudell reports on Bloomberg Television. (Source: Bloomberg)
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