General Motors (GM) Rises 2% Following CFO's Earnings Projections

1 day ago

General Motors (GM, Financial) experienced a 2% increase in stock price, reaching $46.93. This rise comes after statements made by GM's CFO during the company's Investor Day, indicating that the adjusted earnings for 2025 are expected to be on par with this year's figures.

For 2024, GM has set a target for adjusted earnings before interest and taxes between $13 billion and $15 billion, translating to an earnings per share range of $9.5 to $10.5.

Additionally, GM's CEO, Mary Barra, announced the company's intention to produce and wholesale around 200,000 electric vehicles in North America in 2024. By the end of this year, GM aims to achieve profitability in production volumes or profit margins.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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