Streetbeat News

SLM

SLM Corporation

https://www.salliemae.com

Industry

Financial - Credit Services

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans. It serves students and families through financial aid, federal loans, and student and family resources. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

Open

28.80

Mkt cap

6.2B

Volume

2.2M

High

29.47

P/E Ratio

10.72

52-wk high

32.65

Low

28.56

Div yield

0.02

52-wk low

19.39

The pause on federal student debt payments, affecting 28 million US borrowers, is set to end abruptly. Loan servicers, consumer advocates, and lawmakers warn that the system is not prepared for the influx of payments. Some loan administering companies have reduced staff this year, despite needing to prepare for the resumption of payments in October. Approximately 6.4 million borrowers still lack a repayment plan.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:40 am

Over the past 3 months, 4 analysts have published their opinion on SLM (NASDAQ:SLM) stock. The analysts have an average price target of $18.5 versus the current price of SLM at $15.87, implying upside. This current average has increased by 8.82% from the previous average price target of $17.00.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 6:01 pm

Stephens & Co. analyst Vincent Caintic maintains an Equal-Weight rating on SLM (NASDAQ:SLM) and raises the price target from $15 to $17.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 3:54 pm

Wedbush analyst David Chiaverini has reiterated an Outperform rating on SLM (NASDAQ:SLM) and maintained a $20 price target.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 12:16 pm

SLM Corporation (NASDAQ:SLM) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of $1.07 by 2.8%. However, this is a 14.73% decrease from the same period last year. The company also reported quarterly sales of $386.63 million, surpassing the analyst consensus estimate of $370.99 million by 4.22%, marking a 6.57% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:35 pm

SLM Corporation (NASDAQ:SLM) is set to release its quarterly earnings report on July 26, 2023. Analysts estimate an EPS of $1.07. Last quarter, the company beat EPS by $0.12, leading to a 4.16% increase in share price. However, the stock has been down 3.51% over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 6:02 pm

President Biden's administration has announced the cancellation of $130M in student debt for 7,400 borrowers in Colorado. This move is part of the broader effort to address the student loan crisis in the US.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 5:49 pm

The Biden administration has forgiven $39 billion in student debt for over 800,000 borrowers. This move could impact the revenues of student loan companies like SLM Corp and SoFi Technologies.

Portfolio Pulse from Charles Gross

July 14, 2023 | 11:07 am

Morgan Stanley analyst Jeffery Harte has reiterated an Overweight rating on SLM (NASDAQ:SLM) and maintained a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 1:58 pm

SLM Corporation (NASDAQ:SLM) has received mostly bullish ratings from analysts in the last quarter, with 2 bullish and 3 somewhat bullish ratings. The average 12-month price target for SLM over the past 3 months is $16.83, which has increased by 6.86% over the past month.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:01 pm

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