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.
infoSLM is a mid cap stock with a total market cap of 3.24B.
infoThey trade on the NASDAQ and had their IPO 39 years and 11 months ago.
infoSLM currently employs 1700 people.
infoAs of Wednesday, Aug 23 2023, SLM’s share price is $14.31.
News Relating to SLM
Seeking Alpha
SLM Corporation: Discounted Price Gives Way For A Buy Case
Wednesday Aug 16 2023 at 16:22
SLM Corporation’s beaten-down valuation presents an appealing buying opportunity despite potential hurdles like higher interest rates. SLM, also known as Sallie Mae, originates and services private education loans in the US, benefiting from the growing student loan debt. The company has been buying back shares and delivering solid financial results, making it an attractive investment with a low P/E and solid yield.
Zacks Investment Research
Sallie Mae (SLM) Reports Q2 Earnings: What Key Metrics Have to Say
Wednesday Jul 26 2023 at 22:56
The headline numbers for Sallie Mae (SLM) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zacks Investment Research
Sallie Mae (SLM) Q2 Earnings Miss Estimates
Wednesday Jul 26 2023 at 20:41
Sallie Mae (SLM) came out with quarterly earnings of $1.10 per share, missing the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.29 per share a year ago.
Business Wire
Sallie Mae to Release Second-Quarter 2023 Financial Results on July 26
Thursday Jul 13 2023 at 16:30
NEWARK, Del.–(BUSINESS WIRE)–Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release second-quarter 2023 financial results after market close on Wednesday, July 26, 2023. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, July 27, 2023, at 8 a.m. ET. Investors should log in at least 15 minutes prior to the broadcast. For those dialing in or participating in the question and answer portion of the earnings cal.
The Motley Fool
These 3 Stocks Benefit From Student Loan Repayments, but Only 1 Is a Long-Term Buy
Thursday Jul 13 2023 at 05:15
SoFi, Navient, and SLM stand to benefit from payment resumption as some borrowers will need to extend and refinance their loans. The Biden administration is considering alternatives to provide relief to borrowers, which may affect the timing of student loan repayments.
Zacks Investment Research
Revenue Growth Supports Sallie Mae (SLM) Amid High Costs
Friday Jun 02 2023 at 14:24
Strategic buyouts, rising NII and loan growth to aid Sallie Mae’s (SLM) revenues in the upcoming period. However, overdependence on brokered deposits as a funding source and high costs are concerns.
Zacks Investment Research
Can Sallie Mae (SLM) Run Higher on Rising Earnings Estimates?
Monday May 01 2023 at 13:42
Sallie Mae (SLM) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Seeking Alpha
SLM Corp (SLM) Q1 2023 Earnings Call Transcript
Thursday Apr 27 2023 at 14:25
SLM Corp (SLM) Q1 2023 Earnings Call Transcript.
Zacks Investment Research
Sallie Mae (SLM) Stock Gains on Q1 Earnings and NII Beat
Thursday Apr 27 2023 at 11:27
An increase in NII on higher interest rates and robust loan originations, along with lower provisions for credit losses, drives Sallie Mae’s (SLM) Q1 earnings.
Zacks Investment Research
Sallie Mae (SLM) Q1 Earnings and Revenues Beat Estimates
Wednesday Apr 26 2023 at 20:30
Sallie Mae (SLM) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.46 per share a year ago.
Business Wire
Sallie Mae to Release First-Quarter 2023 Financial Results on April 26
Thursday Apr 13 2023 at 16:30
NEWARK, Del.–(BUSINESS WIRE)–Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release first-quarter 2023 financial results after market close on Wednesday, April 26, 2023. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Thursday, April 27, 2023, at 8 a.m. ET. Investors should log in at least 15 minutes prior to the broadcast.
Zacks Investment Research
Sallie Mae (SLM) Upgraded to Buy: Here’s What You Should Know
Wednesday Apr 12 2023 at 13:42
Sallie Mae (SLM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Zacks Investment Research
Wall Street Analysts Think Sallie Mae (SLM) Could Surge 36.33%: Read This Before Placing a Bet
Monday Apr 10 2023 at 11:23
The mean of analysts’ price targets for Sallie Mae (SLM) points to a 36.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Zacks Investment Research
3 Consumer Loan Stocks to Benefit From the Propering Industry
Monday Apr 10 2023 at 09:54
Recessionary fears and worsening asset quality hurt the Zacks Consumer Loans industry players. Efforts to digitize operations, decent loan demand and the easing lending standards will aid companies like Credit Acceptance (CACC), SLM Corp (SLM) and Navient (NAVI).
Zacks Investment Research
Loan Origination Growth Aids Sallie Mae (SLM) Despite High Debt
Monday Mar 06 2023 at 12:02
Secular growth trends in the private student lending industry will drive loan originations for Sallie Mae (SLM). Yet, high debt seems unmanageable relative to a smaller cash position.
Business Wire
Sallie Mae Sets Date for Annual Meeting of Stockholders
Friday Feb 17 2023 at 16:30
NEWARK, Del.–(BUSINESS WIRE)–Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced its 2023 annual meeting of stockholders will take place on June 20, 2023 at 1 p.m. ET. The annual meeting will be held virtually and will be open to stockholders of record as of the close of business on April 21, 2023. Additional details will be included in the company’s proxy statement to be filed with the Securities and Exchange Commission in late April.
Seeking Alpha
SLM Corporation (SLM) Q4 2022 Earnings Call Transcript
Thursday Feb 02 2023 at 11:21
SLM Corporation (NASDAQ:SLM ) Q4 2022 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Melissa Bronaugh – VP, IR Jonathan Witter – CEO Steve McGarry – EVP & CFO Conference Call Participants Moshe Orenbuch – Credit Suisse Mark DeVries – Barclays Michael Kaye – Wells Fargo Securities Sanjay Sakhrani – KBW John Hecht – Jefferies Jeffrey Adelson – Morgan Stanley Arren Cyganovich – Citi Giuliano Bologna – Compass Point Operator Good day, and welcome to the 2022 Fourth Quarter Sallie Mae Earnings Call. At this time, all participants are in a listen-only mode.
Zacks Investment Research
Sallie Mae (SLM) Incurs Q4 Loss as Provisions Jump, Stock Dips
Thursday Feb 02 2023 at 08:17
Significant rise in provisions on the deteriorating economic outlook, non-interest loss and higher costs result in Sallie Mae (SLM) incurring a loss in Q4.
Zacks Investment Research
Sallie Mae (SLM) Reports Q4 Loss, Tops Revenue Estimates
Wednesday Feb 01 2023 at 19:33
Sallie Mae (SLM) delivered earnings and revenue surprises of -171.74% and 6.51%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Business Wire
Sallie Mae Chief Financial Officer to Present at Credit Suisse Financial Services Forum
Tuesday Jan 31 2023 at 16:31
NEWARK, Del.–( BUSINESS WIRE )–Sallie Mae® (Nasdaq: SLM) today announced Chief Financial Officer Steve McGarry will speak at the Credit Suisse Financial Services Forum on Tuesday, Feb. 14, at 8:35 a.m. ET.
Business Wire
Sallie Mae to Release Fourth-Quarter and Full-Year 2022 Financial Results on Feb. 1
Thursday Jan 12 2023 at 16:30
NEWARK, Del.–( BUSINESS WIRE )–Sallie Mae® (Nasdaq: SLM) will release fourth-quarter and full-year 2022 financial results after market close on Wednesday, Feb. 1, 2023.
Seeking Alpha
SLM Corporation: Sallie Mae Can Likely Wait And Withstand Economic Volatility
Friday Dec 09 2022 at 01:58
SLM Corporation sees hammered growth and margins as interest rate hikes intensify. Despite this, it has a stellar financial positioning with excellent liquidity.
Zacks Investment Research
Why Is Sallie Mae (SLM) Up 6.5% Since Last Earnings Report?
Friday Nov 25 2022 at 12:48
Sallie Mae (SLM) reported earnings 30 days ago. What’s next for the stock?
24/7 Wall Street
Six Stocks That Will Benefit from the Injunction Against Biden’s Student Loan Debt Relief
Tuesday Nov 15 2022 at 20:22
On Monday afternoon, a Federal appeals court was the latest to block Joe Biden’s student loan forgiveness plan.
Zacks Investment Research
Sallie Mae (SLM) Q3 Earnings Miss, Stock Gains on NII Beat
Monday Oct 31 2022 at 09:47
Higher NII and a rise in fee income aid Sallie Mae’s (SLM) Q3 results. However, a rise in expenses impedes the bottom line.
Seeking Alpha
SLM Corporation (SLM) Q3 2022 Earnings Call Transcript
Thursday Oct 27 2022 at 18:27
SLM Corporation (NASDAQ:SLM ) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET Company Participants Brian Cronin – VP, IR Jon Witter – CEO Steve McGarry – EVP & CFO Conference Call Participants Sanjay Sakhrani – KBW Rick Shane – JPMorgan Jeff Adelson – Morgan Stanley Moshe Orenbuch – Credit Suisse Operator Good day and welcome to the 2022 Third Quarter Sallie Mae Earnings Call. At this time, all participants are in a listen-only mode.
Business Wire
Sallie Mae to Release Third-quarter Financial Results on Oct. 26
Wednesday Oct 12 2022 at 16:30
NEWARK, Del.
InvestorPlace
3 Stocks to Buy for Student Loan Forgiveness
Wednesday Aug 31 2022 at 06:30
On Aug. 24, President Joe Biden signed an executive order addressing student loan debt. As it pertains to student loan stocks to buy, many investors don’t seem to understand the specifics surrounding the situation.
The Motley Fool
Why Shares of SLM Fell Today
Thursday Jul 28 2022 at 18:07
The company reported solid results for the second quarter, but its guidance regarding charge-offs was problematic.
Seeking Alpha
SLM Corporation (SLM) CEO Jon Witter on Q2 2022 Results – Earnings Call Transcript
Thursday Jul 28 2022 at 10:25
SLM Corporation (NASDAQ:SLM ) Q2 2022 Earnings Conference Call July 28, 2022 8:00 AM ET Company Participants Brian Cronin – VP, IR Jon Witter – CEO Steve McGarry – EVP & CFO Conference Call Participants Moshe Orenbuch – Credit Suisse Mark DeVries – Barclays Sanjay Sakhrani – KBW Melissa Wedel – JPMorgan Operator Good day and thank you for standing by. Welcome to the Second Quarter Sallie Mae Earnings Call.
SLM Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
Learn more at Investopediaopen_in_new
SLM’s Altman Z-score is 0.96 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
SLM Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Learn more at Investopediaopen_in_new
Over the last 3 months, 1 insider has sold $120.86K of common stock in SLM on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
Learn more at WallStreetPrepopen_in_new
SLM’s Income Quality of -0.15 is lower than its Industry Group of 2.7 (-105.6% lower)
SLM’s Income Quality of -0.15 is lower than its Major Industry Group of 0.39 (-138.5% lower)
SLM’s Income Quality of -0.15 is lower than its Sector of 0.58 (-125.9% lower)
Derived from SEC.GOV filing dataopen_in_new
Data is unavailable for Current Ratio
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Learn more at Investopediaopen_in_new
SLM’s PE Ratio of 8.48 is in line with its Industry Group of 8.11 (4.6% greater)
SLM’s PE Ratio of 8.48 is greater than its Major Industry Group of 2.34 (262.4% greater)
SLM’s PE Ratio of 8.48 is in line with its Sector of 7.86 (7.9% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
Learn more at Investopediaopen_in_new
SLM’s PB Ratio of 0.14 is lower than its Industry Group of 1.04 (-86.5% lower)
SLM’s PB Ratio of 0.14 is lower than its Major Industry Group of 0.52 (-73.1% lower)
SLM’s PB Ratio of 0.14 is lower than its Sector of 0.72 (-80.6% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
Learn more at Investopediaopen_in_new
SLM’s ROE of 0.02 is lower than its Industry Group of 0.09 (-77.8% lower)
SLM’s ROE of 0.02 is in line with its Major Industry Group of 0.02
SLM’s ROE of 0.02 is lower than its Sector of 0.04 (-50.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
SLM’s ROCE of 0.03 is lower than its Industry Group of 0.06 (-50.0% lower)
SLM’s ROCE of 0.03 is in line with its Major Industry Group of 0.03
SLM’s ROCE of 0.03 is greater than its Sector of 0.02 (50.0% greater)
Derived from SEC.GOV filing dataopen_in_new