SLM Stock Recent News

SLM's rising average loan balance is supporting NII growth. However, escalating costs are a near-term concern.

Despite the possibility of sluggishness in price and a fast come off in dividends for SLM's preference share listing SLMBP earlier this year, the fears turned out to be unfounded. The latest Q2 2024 results further support the stock. Loan originations continue to grow and even with a narrowing net interest margin, the EPS has inched up. Further, the EPS guidance has been upgraded, which is favourable for market multiples and slower than expected interest rate decline works well for the dividends.

Sallie Mae's (SLM) second-quarter 2024 results reflect lower provisions and robust loan origination. A decline in NII and a rise in expenses were spoilsports.

SLM Corporation (NASDAQ:SLM ) Q2 2024 Earnings Conference Call July 24, 2024 5:30 PM ET Company Participants Melissa Bronaugh - VP & Head of Investor Relations Jon Witter - CEO & Director Pete Graham - Executive VP & CFO Conference Call Participants Moshe Orenbuch - TD Cowen Sanjay Sakhrani - KBW Mark DeVries - Deutsche Bank Terry Ma - Barclays Michael K - Wells Fargo Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan John Hecht - Jefferies Jon Arfstrom - RBC Capital Markets Giuliano Bologna - Compass Point Operator Good day, everyone. And welcome to Sallie Mae Second Quarter 2024 Earnings Conference Call.

While the top- and bottom-line numbers for Sallie Mae (SLM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sallie Mae (SLM) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $1.10 per share a year ago.

Sallie Mae (SLM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release second-quarter 2024 financial results after market close on Wednesday, July 24, 2024. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Wednesday, July 24, 2024, at 5:30 p.m. ET. Investors should log in at least 15 minutes prior to the broadcast. The earnings news release will be available at SallieMae.com/investors. A replay will al.

Sallie Mae's (SLM) rising average loan balance is supporting NII growth. However, escalating costs are a near-term concern.

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund today announced a $100,000 grant to Point Foundation, the nation's largest scholarship-granting organization for LGBTQ students. The grant will specifically fund scholarships for LGBTQ students to attend community college and also supports Point Foundation's mentorship, leadership, and professional development programs for students. Research confirms LGBTQ students face unique challenges in accessing and completing higher education. They are mo.