The Zacks Consumer Loans industry continues to witness weakening asset quality. The companies are also bearing the brunt of inflation, higher rates and expectations of economic slowdown. Though the Federal Reserve plans to cut rates as soon as September, consumers understand that high interest rates are here to stay for some time, and demand for the loans is likely to witness modest improvement. Easing lending standards, stabilizing consumer sentiments and digitization of operations will aid consumer loan p ...

cogalWhat a difference a year makes. When I first wrote about the preferred share listing for education loan provider SLM Corporation (NASDAQ:SLMBP) in August last year, its price returns were positive even as the stock’s main listing (NASDAQ:SLM) was dropping. While SLMBP’s returns over the past year are still healthy, the main listing has done even better (see chart below). Price Returns, SLMBP and SLM (Source: Seeking Alpha)There’s a very good reason for this. SLMBP’s unique selling point is its div ...

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 ...

Sallie Mae (SLM) reported $372.17 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.7%. EPS of $1.11 for the same period compares to $1.10 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $368.97 million, representing a surprise of +0.87%. The company delivered an EPS surprise of +40.51%, with the consensus EPS estimate being $0.79.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

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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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40.51%. A quarter ago, it was expected that this student loan company would post earnings of $1.09 per share when it actually produced earnings of $1.27, delivering a surprise of 16.51%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-13251 SLM Corporation (Exact name of registrant as specified in its charter) | --- | --- | |------------------------|----------- ...

Exhibit 99.1 News Release For Immediate Release NEWARK, Del., July 24, 2024 - Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second-quarter 2024 financial results. Complete financial results and related materials are available at www.SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission's website at www.sec.gov. Sallie Mae will host an earnings conference call today, July 24, 2024, at 5:30 p.m. ET. Executives will be on hand to discuss va ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Sallie Mae (SLM) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on July 24, 2024, might help the stock move higher if these key numbers are better than expectation ...

Sallie Mae’s (SLM) rising average loan balance has been supporting NII growth. Strategic inorganic growth moves will expand its operations and diversify revenue streams. Overdependence on brokered deposits as a funding source and rising expenses are concerning.The dominant player in every phase of the student loan life cycle, providing the continuing competitive advantage of scale. Its operations are more dependent on students’ demand for educational loans. The low unemployment rate for the over-25-year-old ...