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
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 ...
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.
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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 ...
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.
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 average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share. The student loan company posted revenue of $837.7 million in the period. Its adjusted ...
Why Microsoft Is Building Smaller AI Systems That Can Fit in Phones
Microsoft introduced the Phi-3 Mini, a small language model that fits in a smartphone as the company expands its small AI ...
SLM Corporation (SLM) Q1 2024 Earnings Call Transcript
Listeners should refer to the discussion of these factors in the company's Form 10-Q and other filings with the SEC. For Sallie Mae, these factors include, among others, results of operations ...
SLM Corp. Q1 Income Climbs, Beats estimates
(RTTNews) - SLM Corp. (SLM) released a profit for its first quarter that increased from last year and beat the Street estimates. The company's bottom line came in at $285 million, or $1.27 per ...
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