About the Company
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that provides consumer banking. Its nature has changed dramatically since it was set up in the early 1970s; initially a government entity that serviced federal education loans, it then became private and began offering private student loans. The company's primary business is creating, servicing, and collecting private education loans. The company also provides online tools and resources for college planning. Sallie Mae previously originated federally guaranteed student loans under the Federal Family Education Loan Program (FFELP) and worked as a servicer and collector of federal student loans on behalf of the Department of Education. The company now offers private education loans and manages more than $12.97 billion in assets. On April 30, 2014, Sallie Mae spun off its loan servicing operation and most of its loan portfolio into a separate, publicly traded entity called Navient Corporation. Navient is the largest servicer of federal student loans and acts as a collector on behalf of the Department of Education.
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Latest $SLM News
The Analyst Landscape: 5 Takes On SLM
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by ...
SLM Corp (SLM) Exceeds Analysts' Q1 Earnings Expectations with Strong Financial Performance
On April 24, 2024, SLM Corp ( NASDAQ:SLM ), the nation's premier student lending corporation, disclosed its first-quarter ...
SLM Corp (SLM) Q1 2024 Earnings Call Transcript Highlights: Strong Performance and Strategic ...
Q: With the credit trends funding positively, how should we think about the reserve rate over time? A: (Peter M. Graham - Executive VP & CFO, SLM Corporation) It's premature to specify an absolute ...
SLM Stock Earnings: SLM Beats EPS, Misses Revenue for Q1 2024
SLM stock results show that SLM beat analyst estimates for earnings per share but missed on revenue for the first quarter of ...
Sallie Mae (SLM) Upgraded to Buy: Here's Why
Investors might want to bet on Sallie Mae (SLM), as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock ...
RBC Capital Keeps Their Buy Rating on SLM (SLM)
RBC Capital analyst Jon Arfstrom maintained a Buy rating on SLM (SLM – Research Report) yesterday and set a price target of $25.00. The ...
Sallie Mae: Q1 Earnings Snapshot
The student loan company posted revenue of $837.7 million in the period. Its adjusted revenue was $387 million, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $376.4 million ...
Sallie Mae Reports First-Quarter 2024 Financial Results
Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first-quarter 2024 financial results. Complete financial results and related materials are available at www.SallieMae.com/investors.
Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock
Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2024 second-quarter dividend on its Preferred Stock Series B of $1.9038003 per ...
Sallie Mae declares $0.11 dividend
See SLM Dividend Scorecard, Yield Chart, & Dividend Growth. SLM Corporation PFD SER B: The Time For Big Dividend Gains Is Over SLM Corporation (SLM) Q4 2023 Earnings Call Transcript SLM Corporation ...
Microsoft launches lightweight AI model
Microsoft on Tuesday launched a lightweight artificial intelligence model, as it looks to attract a wider client base with ...
Tiny but mighty: The Phi-3 small language models with big potential
A series of SLMs offer many of the same capabilities found in LLMs but are smaller in size and are trained on smaller amounts ...
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