General Motors (GM) reported fiscal fourth quarter earnings that exceeded analyst expectations on both revenue and profit fronts; despite this news, GM shares are down by over 10% at the time of this interview’s posting.
Bank of America managing director John Murphy joins Catalyst to discuss his outlook on the automaker following these results.
Murphy notes that GM’s financials "look pretty good," though investor concerns center around policy uncertainties, including tariffs, EV regulations, and consumer incentives. He points out that while GM benefited from a share buyback in 2024, the current share authorization "is fairly slim," which is also pressuring the stock.
Despite these mounting challenges, Murphy believes GM isn’t "dismissing" the risks, adding that "ultimately this could potentially [be] very positive for them" if California’s EV mandates are eliminated or if Trump’s proposed tariffs prove less severe than forecasted.
"There’s a lot of yin and yang to this, positive and negative, that you really need to take into account," he tells Yahoo Finance.
For additional insights, watch Yahoo Finance’s complete interview with GM CEO Mary Barra.
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