SLM Corporation (SLM)
| Market Cap | 4.57B |
| Revenue (ttm) | 1.39B |
| Net Income (ttm) | 643.31M |
| Shares Out | 269.21M |
| EPS (ttm) | 2.15 |
| PE Ratio | 7.91 |
| Forward PE | 5.37 |
| Dividend | $0.28 (1.65%) |
| Ex-Dividend Date | Jun 2, 2022 |
| Volume | 2,409,049 |
| Open | 16.57 |
| Previous Close | 16.62 |
| Day's Range | 16.33 - 17.08 |
| 52-Week Range | 15.34 - 21.40 |
| Beta | 1.23 |
| Analysts | Buy |
| Price Target | 23.92 (+41.0%) |
| Earnings Date | Apr 27, 2022 |
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 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 na...
Financial Performance
In 2021, SLM's revenue was $2.06 billion, an increase of 19.90% compared to the previous year's $1.72 billion. Earnings were $1.16 billion, an increase of 31.77%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for SLM stock is "Buy." The 12-month stock price forecast is 23.92, which is an increase of 40.95% from the latest price.
News
Here's Why You Should Hold Sallie Mae (SLM) in Your Portfolio
Long-term secular growth trends in the private student lending industry aid Sallie Mae (SLM). Yet, given its unsound liquidity position, capital deployments might be unsustainable.
Sallie Mae (SLM) Q1 Earnings Lag Estimates, NII and Loans Rise
While a higher net interest income drives Sallie Mae's (SLM) Q1 results, muted fee income and increased expenses act as spoilsports.
Sallie Mae (SLM) Misses Q1 Earnings Estimates
Sallie Mae (SLM) delivered earnings and revenue surprises of -40.26% and 1.60%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Sallie Mae Reports First-Quarter 2022 Financial Results
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first-quarter 2022 financial results. Highlights of those results are included in the attached supplemen...
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 2022 second-quarter dividend on its Preferred Stock Series B of $0.6605370 per share. The company al...
Earnings Preview: Sallie Mae (SLM) Q1 Earnings Expected to Decline
Sallie Mae (SLM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sallie Mae to Release First-Quarter Financial Results on April 27
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) will release first-quarter financial results after market close on Wednesday, April 27, 2022. The earnings release will be available through Sall...
Sallie Mae Names William Wolf Chief People Officer
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, has named William Wolf, Chief People Officer. Wolf will oversee all facets of Sallie Mae's Human Resources function. H...
Best Income Stocks to Buy for March 21st
BKE, TGH, and SLM made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2022.
Here Are 6 Reasons Why Sallie Mae (SLM) Stock Is Worth Buying
Sallie Mae's (SLM) dominant position as an education loan provider, its cost reduction efforts and solid earnings growth projections make it worth betting on.
Why Is Sallie Mae (SLM) Up 9.1% Since Last Earnings Report?
Sallie Mae (SLM) reported earnings 30 days ago. What's next for the stock?
Here's Why Sallie Mae (SLM) is a Great Momentum Stock to Buy
Does Sallie Mae (SLM) have what it takes to be a top stock pick for momentum investors? Let's find out.
2 Consumer Loan Stocks to Buy Despite Industry Challenges
Weak consumer sentiments and relatively lower rates hurt the interest income of Zacks Consumer Loans industry players. Yet, robust asset quality and efforts to digitize operations will aid consumer loan...
Sallie Mae Sets Date for Annual Meeting of Stockholders
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) formally SLM Corporation, today announced its 2022 annual meeting of stockholders will take place on June 21, 2022, at 1 p.m. ET. The annual meet...
Sallie Mae Chief Financial Officer to Present at 2022 RBC Capital Markets Global Financial Institutions Conference
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) today announced CFO Steven McGarry will speak at the 2022 RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 8, at 2 ...
New Research Shows College-Bound Families Strongly Believe in the Value of College, but Lack Confidence and Understan...
NEWARK, Del.--(BUSINESS WIRE)--Eight in ten college-bound juniors and seniors (81%) view higher education as a path to better opportunities, yet fewer than half (42%) of families feel confident about fi...
Sallie Mae Chief Executive Officer to Present at Credit Suisse Financial Services Forum
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) today announced CEO Jon Witter will speak at the Credit Suisse Financial Services Forum on Thursday, Feb. 17, at 3:30 p.m. ET. A live audio webca...
Sallie Mae (SLM) Tops on Q4 Earnings, To Buy Nitro College
While a higher fee income drives Sallie Mae's (SLM) Q4 results, muted net interest income and increased expenses act as spoilsports.
Sallie Mae (SLM) Q4 Earnings Beat Estimates
Sallie Mae (SLM) delivered earnings and revenue surprises of 3.96% and 3.81%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Sallie Mae Reports Fourth-Quarter and Full-Year 2021 Financial Results
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released fourth-quarter and full-year 2021 financial results. Highlights of those results are included in the att...
Sallie Mae Agrees to Acquire Nitro College, a Delaware-based Digital Marketing and Education Solutions Company
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced it has entered into a definitive agreement with Epic Research LLC to acquire Delaware-based Nitro Colle...
Here's Why Sallie Mae (SLM) Could be Great Choice for a Bottom Fisher
After losing some value lately, a hammer chart pattern has been formed for Sallie Mae (SLM), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisio...
Analysts Estimate Sallie Mae (SLM) to Report a Decline in Earnings: What to Look Out for
Sallie Mae (SLM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sallie Mae Awards Nearly $250,000 in Scholarships to Help High School Seniors Access Higher Education
NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund, the charitable arm of Sallie Mae®, in partnership with Thurgood Marshall College Fund, today announced the latest recipients of the Bridging the Dream...
Sallie Mae to Release Fourth-Quarter and Full-Year 2021 Financial Results on Jan. 26
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM) will release fourth-quarter and full-year 2021 financial results after market close on Wednesday, Jan. 26, 2022. The earnings release will be ava...