SLM Corporation (SLM)
| Market Cap | 4.58B |
| Revenue (ttm) | 1.46B |
| Net Income (ttm) | 563.69M |
| Shares Out | 220.35M |
| EPS (ttm) | 2.41 |
| PE Ratio | 8.62 |
| Forward PE | 7.68 |
| Dividend | $0.44 (2.12%) |
| Ex-Dividend Date | Mar 1, 2024 |
| Volume | 1,197,878 |
| Open | 20.71 |
| Previous Close | 20.58 |
| Day's Range | 20.63 - 21.13 |
| 52-Week Range | 12.26 - 21.94 |
| Beta | 1.18 |
| Analysts | Buy |
| Price Target | 20.14 (-3.08%) |
| Earnings Date | Apr 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]
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 StatementsAnalyst Forecast
According to 11 analysts, the average rating for SLM stock is "Buy." The 12-month stock price forecast is $20.14, which is a decrease of -3.08% from the latest price.
News
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...
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,...
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...
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. ...
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...
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...
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...
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...
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...
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 first-quarter dividend on its Preferred Stock Series B of $1.8552246 per share. The company a...
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...
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...
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 ...
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...
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...
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...
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...
Sallie Mae to Release Third-Quarter 2023 Financial Results on Oct. 25
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release third-quarter 2023 financial results after market close on Wednesday, Oct. 25, 2023. A live audio webca...
Student Loan Stocks Drop Ahead of Restart of Payments
Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause and amid the Biden administration's efforts to canc...
Sallie Mae Contributes $200,000 to Support Access to Historically Black Colleges and Universities
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae®, through its charitable arm The Sallie Mae Fund, Inc., is contributing $200,000 to HBCU Week Foundation, Inc. to support access to Historically Black College...
Sallie Mae CEO Jon Witter to Present at 2023 Barclays Global Financial Services Conference
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced CEO Jon Witter will speak at the 2023 Barclays Global Financial Services Conference in New York on M...
Sallie Mae Announces Pete Graham as Next Chief Financial Officer
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced Pete Graham as its next Chief Financial Officer. Graham will join the company on Sept. 18 as an Exec...
Families Paid More for College Last Year and Covered Half of Costs Out of Pocket, According to Sallie Mae's ‘How America Pays for College 2023'
NEWARK, Del.--(BUSINESS WIRE)--Families reported spending $28,026 on college for academic year 2022-23—an 11% increase from $25,313 in 2021-22— and covered half of expenses with income and savings, ac...
Sallie Mae Reports Second-Quarter 2023 Financial Results
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second-quarter 2023 financial results. Highlights of those results are included in the attached supple...
Sallie Mae Acquires Key Assets of Top Scholarship Search App Scholly
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced it has acquired several key assets of top scholarship search app, Scholly. In addition to Scholly's i...