Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Toyota Stock Popped on Thursday

TheMotleyFool

0 0

Why Toyota Stock Popped on ThursdayPhoto, wide shot, wide-angle lens, soft focus, Car rental company, sunset photo at golden hour, photo by Art Wolfe: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-Ew7cRec38UnlyYzs41FVEri5.png?st=2023-12-29T14%3A03%3A41Z&se=2023-12-29T16%3A03%3A41Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-12-29T15%3A03%3A25Z&ske=2023-12-30T15%3A03%3A25Z&sks=b&skv=2021-08-06&sig=vZPI3wL5I%2BC5Zknik6hYtwmYdTdsE1ct/DM1evRA8EI%3D

Toyota Motor (NYSE: TM) stock burned rubber this morning, ripping ahead 7.8% through 10:10 a.m. ET. But what's behind today's sudden rise?

According to Bloomberg, it's "expectations of a higher return-on-equity" from the Japanese automaker, and in particular, rumors Toyota wants to "double" its return on equity.

The Motley Fool defines return on equity as a company's net income divided by shareholders' equity -- but basically you can think of ROE as just a measure of how profitable the company is.

Source Fool.com