3M (MMM) Stock Ignores Q3 Earnings Power And Margin Reset

3M just reported a much better Q3 2026 profit story than the share price reaction suggests. The stock ticked up about 2% to roughly US$174.74 into and through the release, a calm move for a company that just printed adjusted operating margin above 26% and Basic EPS above US$2.60. What moved under the surface was earnings power. Net income from ongoing operations hit about US$1.4b, helped by stronger margins in its industrial and safety franchises. Short term traders treated it as a routine...