SLM Corporation (SLM)

NASDAQ: SLM · IEX Real-Time Price · USD
20.89
+0.18 (0.87%)
At close: Jul 2, 2024, 4:00 PM
20.55
-0.34 (-1.63%)
After-hours: Jul 2, 2024, 6:15 PM EDT
0.87%
Market Cap 4.59B
Revenue (ttm) 1.70B
Net Income (ttm) 734.51M
Shares Out 219.72M
EPS (ttm) 3.20
PE Ratio 6.53
Forward PE 9.16
Dividend $0.44 (2.11%)
Ex-Dividend Date Jun 6, 2024
Volume 1,274,873
Open 20.71
Previous Close 20.71
Day's Range 20.64 - 20.95
52-Week Range 12.26 - 22.74
Beta 1.17
Analysts Buy
Price Target 22.00 (+5.31%)
Earnings Date Jul 24, 2024

About SLM

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 is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts. 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 ... [Read more]

Industry Credit Services
Sector Financials
Founded 1972
Employees 1,740
Stock Exchange NASDAQ
Ticker Symbol SLM
Full Company Profile

Financial Performance

In 2023, SLM's revenue was $1.46 billion, an increase of 23.02% compared to the previous year's $1.19 billion. Earnings were $563.69 million, an increase of 22.54%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for SLM stock is "Buy." The 12-month stock price forecast is $22.0, which is an increase of 5.31% from the latest price.

Price Target
$22.0
(5.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sallie Mae Contributes $100,000 to Point Foundation to Support College Scholarships

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund today announced a $100,000 grant to Point Foundation, the nation's largest scholarship-granting organization for LGBTQ students. The grant will speci...

20 days ago - Business Wire

Application Window Now Open for Sallie Mae Completing the Dream Scholarship

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund, in partnership with Thurgood Marshall College Fund, is again awarding 200 Completing the Dream scholarships worth up to $500,000 to help students fr...

4 weeks ago - Business Wire

Sallie Mae CFO to Speak at Morgan Stanley U.S. Financials, Payments, and CRE Conference

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced Chief Financial Officer Pete Graham will speak at the Morgan Stanley U.S. Financials, Payments, and ...

5 weeks ago - Business Wire

Sallie Mae's Donna Vieira Honored by Girls Inc. of New York City

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae Executive Vice President and Chief Commercial Officer Donna Vieira was honored by Girls Inc. of New York City for her efforts to advance gender equity in corp...

5 weeks ago - Business Wire

Sallie Mae CFO to Speak at TD Financial Services & Fintech Summit

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced Chief Financial Officer Pete Graham will speak at the TD Financial Services & Fintech Summit on Thur...

5 weeks ago - Business Wire

Sallie Mae Releases Environmental, Social, and Governance (ESG) Report

NEWARK, Del.--(BUSINESS WIRE)-- #ESG--Sallie Mae®, formally SLM Corporation, released its Environmental, Social, and Governance (ESG) report. The annual report highlights the company's commitment to m...

2 months ago - Business Wire

The Sallie Mae Fund Grants $75,000 to DC College Access Program to Support Higher Education Access and Completion

NEWARK, Del.NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund today announced a $75,000 grant to the DC College Access Program (DC-CAP) to help increase higher education access and completion among s...

2 months ago - Business Wire

Sallie Mae Reports First-Quarter 2024 Financial Results

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first-quarter 2024 financial results. Complete financial results and related materials are available a...

2 months ago - Business Wire

Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2024 second-quarter dividend on its Preferred Stock Series B of $1.9038003 per share. The company ...

2 months ago - Business Wire

Sallie Mae to Release First-Quarter 2024 Financial Results on April 24

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release first-quarter 2024 financial results after market close on Wednesday, April 24, 2024. A live audio webc...

2 months ago - Business Wire

Latest Research Report From Sallie Mae and Ipsos Identifies Barriers to College Completion

NEWARK, Del.--(BUSINESS WIRE)--One in four current undergraduate students have seriously considered leaving college or have been at risk of dismissal, according to “How America Completes College 2024,...

3 months ago - Business Wire

Application Window Now Open for The Sallie Mae Fund's Bridging the Dream Scholarship Program

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund, in partnership with Thurgood Marshall College Fund, is now accepting applications for two college scholarship programs to help students from underse...

3 months ago - Business Wire

10 stocks you can bet on being inflation-proof

New research shows that “quality” stocks — companies with high operating profitability but which are out of favor on Wall Street — are the type of stocks most likely to do well if inflation heats up. ...

Other symbols: AMCWCXWHCCINVAOTTRPCAR
4 months ago - Market Watch

Sallie Mae Awards $100,000 in Scholarships to Graduate Students

NEWARK, Del.--(BUSINESS WIRE)-- #BridgingtheDreamScholarship--Sallie Mae and The Sallie Mae Fund, Inc., in partnership with Thurgood Marshall College Fund, today announced the recipients of the Bridgi...

4 months ago - Business Wire

Sallie Mae CFO to Speak at 2024 RBC Capital Markets Global Financial Institutions Conference

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced Chief Financial Officer Pete Graham will speak at the 2024 RBC Capital Markets Global Financial Inst...

4 months ago - Business Wire

Sallie Mae Sets Date for Annual Meeting of Stockholders

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) formally SLM Corporation, today announced its 2024 annual meeting of stockholders will take place on June 18, 2024, at 1 p.m. ET. The annual me...

4 months ago - Business Wire

Sallie Mae CEO and CFO to Speak at 2024 UBS Financial Services Conference

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced Chief Executive Officer Jon Witter and Chief Financial Officer Pete Graham will speak at the 2024 UB...

5 months ago - Business Wire

Sallie Mae Reports Fourth-Quarter and Full-Year 2023 Financial Results

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released fourth-quarter and full-year 2023 financial results. Highlights of those results are included in the a...

5 months ago - Business Wire

Sallie Mae to Release Fourth-Quarter and Full-Year 2023 Financial Results on Jan. 24

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release fourth-quarter and full-year 2023 financial results after market close on Wednesday, Jan. 24, 2024. A l...

6 months ago - Business Wire

Sallie Mae And Delaware State University Announce Partnership to Address Barriers to College Completion

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® today announced a $1 million research endowment to Delaware State University (DSU) to help close the college completion gap. The grant from The Sallie Mae Fu...

7 months ago - Business Wire

Sallie Mae to Host Investor Forum on Dec. 12

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will host an investor forum on Tuesday, Dec. 12, 2023 at 4:30 p.m. ET to discuss the evolution of its balance sheet ...

7 months ago - Business Wire

Sallie Mae Appoints New Members to Its Board of Directors

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced the appointments of Dr. Janaki Akella, Christopher T. Leech, and Shannon Watkins to its board of dir...

8 months ago - Business Wire

Sallie Mae CEO Jon Witter to Speak at 2023 Stephens Annual Investment Conference

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced CEO Jon Witter will speak at the 2023 Stephens Annual Investment Conference in Nashville on Thursday...

8 months ago - Business Wire

Sallie Mae ® Awards $250,000 in Scholarships to Expand Access to Higher Education

NEWARK, Del.--(BUSINESS WIRE)--To commemorate National Scholarship Month, Sallie Mae, today announced the latest recipients of its Bridging the Dream Scholarship for High School Seniors. The Sallie Ma...

8 months ago - Business Wire

Sallie Mae Reports Third-Quarter 2023 Financial Results

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released third-quarter 2023 financial results. Highlights of those results are included in the attached supplem...

8 months ago - Business Wire