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. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.
IPO Year:
Exchange: NASDAQ
Website: salliemae.com
Date | Price Target | Rating | Analyst |
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9/25/2024 | $27.00 | Buy | BofA Securities |
1/16/2024 | $14.00 → $23.00 | Neutral → Buy | Citigroup |
1/10/2024 | $25.00 | Buy | Deutsche Bank |
1/4/2024 | $18.00 → $20.00 | Overweight → Neutral | JP Morgan |
12/8/2023 | $14.00 → $20.00 | Equal Weight → Overweight | Wells Fargo |
11/15/2023 | $16.00 | Overweight | Barclays |
11/1/2023 | $17.50 | Outperform | TD Cowen |
4/17/2023 | $16.00 → $17.00 | Neutral → Overweight | JP Morgan |
4/14/2023 | $18.00 | Neutral → Buy | Compass Point |
4/5/2023 | $14.00 → $15.00 | Underweight → Overweight | Morgan Stanley |
64% of Families Used Scholarships to Cover Education Costs in AY 2023-2024 But Misconceptions about Eligibility and Availability Persist November is National Scholarship Month, an ideal time for students and families to explore scholarship opportunities. The key is knowing where to find them, and when, and how to apply. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112528116/en/ While research from Sallie Mae and Ipsos confirms 64% of families used scholarships to pay for higher education, millions of dollars in scholarships go unclaimed every year. In addition, misconceptions about scholarships persist. More than half (52
Grant from The Sallie Mae Fund Will Support Scholarships for Children and Spouses of Fallen and Disabled Military Servicemembers In honor of Veterans Day, The Sallie Mae Fund today announced a $50,000 grant to Folds of Honor, reinforcing its commitment to military servicemembers and their families. The grant will specifically support scholarships for the children and families of fallen and disabled military servicemembers. "Sallie Mae's continued support of our scholarship program provides a pathway to higher education for servicemembers' families, helping them build the kind of futures their loved ones fought so hard to protect," said Allen Wronowski, director, Folds of Honor. "Our motto
Sallie Mae (NASDAQ:SLM), formally SLM Corporation, today released third-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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023634710/en/ Sallie Mae also announced an increase to its 2024 fourth-quarter dividend on its common stock from $0.11 to $0.13 per share. Sallie Mae further announced a 2024 fourth-quarter dividend on its Preferred Stock Series B of $1.7448719 per share. Both common stock and prefe
Webcast Scheduled for Wednesday, Oct. 23, at 5:30 p.m. ET Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, will release third-quarter 2024 financial results after market close on Wednesday, Oct. 23, 2024. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. 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 also be available on the site. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-
The Sallie Mae Fund Sponsors HBCU Week College Fairs in Wilmington, Del. And Orlando, Fla. Connecting Students to Free Resources and Scholarships The Sallie Mae Fund, Inc. today announced it is contributing $200,000 to HBCU Week Foundation, Inc. to support higher education access at Historically Black Colleges and Universities (HBCUs). The Sallie Mae Fund will again be the presenting sponsor for the HBCU Week College Fair in Wilmington, Del., on Sept. 27 and the national HBCU College Fair in Orlando, Fla., on Oct. 24. These events attract thousands of prospective HBCU students and connect students to schools, scholarships, and on-the-spot college acceptances. The Sallie Mae Fund has contri
Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, today announced Chief Financial Officer Pete Graham will speak at the Barclays Global Financial Services Conference on Tuesday, Sept. 10, at 10:30 a.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its
Just 29% of Families Who Completed the New FAFSA® Found it Easier to Complete Families reported spending $28,409 on college for academic year 2023-24 — in line with $28,026 in 2022-23 — and covered nearly half (48%) of expenses with income and savings, according to new data in "How America Pays for College 2024," the annual study from Sallie Mae and Ipsos, released today. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240806388079/en/ About 3 in 4 families (74%) reported completing the Free Application for Federal Student Aid (FAFSA®) for the 2023-2024 academic year, but of those who reported completing the new FAFSA® for the
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724746582/en/ 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 various highlights of the quarter and to answer questions related to Sallie Mae's performance. A live audio webcast of the conference call an
Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, today announced a 2024 third-quarter dividend on its Preferred Stock Series B of $1.8467034 per share. The company also announced a 2024 third-quarter dividend on its common stock of $0.11 per share. Both preferred stock and common stock dividends will be paid on Sept. 16, 2024, to the respective stockholders of record at the close of business on Sept. 5, 2024. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new
Webcast Scheduled for Wednesday, July 24, at 5:30 p.m. ET 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 also be available on the site. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in priva
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Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on SLM (NASDAQ:SLM) in the last three months. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 1 0 0 Last 30D 0 2 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 0 0 0 3M Ago 0 1 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $27.2, a high estimate of $29.00, and a low estimat
JP Morgan analyst Richard Shane maintains SLM (NASDAQ:SLM) with a Neutral and raises the price target from $23 to $25.
Keefe, Bruyette & Woods analyst Sanjay Sakhrani maintains SLM (NASDAQ:SLM) with a Outperform and raises the price target from $25 to $27.
Wedbush analyst David Chiaverini maintains SLM (NASDAQ:SLM) with a Outperform and raises the price target from $25 to $29.
SLM (NASDAQ:SLM) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $0.84 by 32.14 percent.
SLM (NASDAQ:SLM) reported quarterly sales of $372.172 million which beat the analyst consensus estimate of $362.834 million by 2.57 percent. This is a 3.74 percent decrease over sales of $386.631 million the same period last year.
A federal appeals court has blocked President Joe Biden’s administration from implementing its Saving on a Valuable Education (SAVE) student debt relief plan. The Details: The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven states to put on hold parts of the U.S. Department of Education’s debt relief plan. Combined with a previous ruling last month by U.S. District Judge John Ross in St. Louis, the entire SAVE plan is now blocked from being implemented as the legal process continues. “Appellants’ emergency motion for an administrative stay prohibiting the appellees from implementing or acting pursuant to the Final Rule until this Court rules on the appell
https://www.cnbc.com/2024/07/10/bidens-student-loan-forgiveness-could-reach-voters-before-election.html?&qsearchterm=bidenPresident Joe Biden could forgive the debt of millions of student loan borrowers weeks before voters decide between him and former president Donald Trump at the ballot box."The conflict between Democrats and Republicans over forgiving student debt will be in effect during the election," said higher education expert Mark Kantrowitz.President Joe Biden could try to forgive the debt of millions of federal student loan borrowers just weeks before voters decide between him and former president Donald Trump at the ballot box in November.In the Biden Administration's Spring 2024
Sallie Mae (NASDAQ:SLM), formally SLM Corporation, today released third-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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023634710/en/ Sallie Mae also announced an increase to its 2024 fourth-quarter dividend on its common stock from $0.11 to $0.13 per share. Sallie Mae further announced a 2024 fourth-quarter dividend on its Preferred Stock Series B of $1.7448719 per share. Both common stock and prefe
Webcast Scheduled for Wednesday, Oct. 23, at 5:30 p.m. ET Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, will release third-quarter 2024 financial results after market close on Wednesday, Oct. 23, 2024. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. 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 also be available on the site. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-
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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240724746582/en/ 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 various highlights of the quarter and to answer questions related to Sallie Mae's performance. A live audio webcast of the conference call an
Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, today announced a 2024 third-quarter dividend on its Preferred Stock Series B of $1.8467034 per share. The company also announced a 2024 third-quarter dividend on its common stock of $0.11 per share. Both preferred stock and common stock dividends will be paid on Sept. 16, 2024, to the respective stockholders of record at the close of business on Sept. 5, 2024. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new
Webcast Scheduled for Wednesday, July 24, at 5:30 p.m. ET 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 also be available on the site. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in priva
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. The materials will also be available on the Securities and Exchange Commission's website at www.sec.gov. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240424661958/en/ Sallie Mae will host an earnings conference call today, April 24, 2024, at 5:30 p.m. ET. Executives will be on hand to discuss various highlights of the quarter and to answer questions related to Sallie Mae's performance. A live audio webcast of the conference call an
Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, today announced a 2024 second-quarter dividend on its Preferred Stock Series B of $1.9038003 per share. The company also announced a 2024 second-quarter dividend on its common stock of $0.11 per share. Both preferred stock and common stock dividends will be paid on June 17, 2024, to the respective stockholders of record at the close of business on June 6, 2024. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new
Webcast Scheduled for Wednesday, April 24, at 5:30 p.m. ET Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, will release first-quarter 2024 financial results after market close on Wednesday, April 24, 2024. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website on Wednesday, April 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 also be available on the site. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in pri
Fourth-Quarter GAAP Net Income Attributable to Common Stock of $164 Million, $0.72 Per Diluted Share; Full-Year 2023 GAAP Net Income Attributable to Common Stock of $564 Million, $2.41 Per Diluted Share Full-Year 2023 Private Education Loan Originations of $6.4 Billion, Up 7% From Year-Ago Period Fourth-Quarter 2023 Private Education Loan Net Charge-offs of 2.43%, Down From 3.15% in Year-Ago Period Impacting Earnings Per Share for the Fourth-Quarter and Full-Year 2023 Was the Non-Cash Charge of $56 Million to Write Down the Nitro Trade Name and Trademarks Board of Directors Approves New $650 Million Share Repurchase Program Sallie Mae (NASDAQ:SLM), formally SLM Corporation, today
Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, today announced a 2024 first-quarter dividend on its Preferred Stock Series B of $1.8552246 per share. The company also announced a 2024 first-quarter dividend on its common stock of $0.11 per share. Both preferred stock and common stock dividends will be paid on March 15, 2024, to the respective stockholders of record at the close of business on March 4, 2024. Sallie Mae (NASDAQ:SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new
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BofA Securities initiated coverage of Sallie Mae with a rating of Buy and set a new price target of $27.00
Citigroup upgraded Sallie Mae from Neutral to Buy and set a new price target of $23.00 from $14.00 previously
Deutsche Bank initiated coverage of Sallie Mae with a rating of Buy and set a new price target of $25.00
JP Morgan downgraded Sallie Mae from Overweight to Neutral and set a new price target of $20.00 from $18.00 previously
Wells Fargo upgraded Sallie Mae from Equal Weight to Overweight and set a new price target of $20.00 from $14.00 previously
Barclays initiated coverage of Sallie Mae with a rating of Overweight and set a new price target of $16.00
TD Cowen initiated coverage of Sallie Mae with a rating of Outperform and set a new price target of $17.50
JP Morgan upgraded Sallie Mae from Neutral to Overweight and set a new price target of $17.00 from $16.00 previously
Compass Point upgraded Sallie Mae from Neutral to Buy and set a new price target of $18.00
Morgan Stanley upgraded Sallie Mae from Underweight to Overweight and set a new price target of $15.00 from $14.00 previously
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Dr. Janaki Akella, Christopher T. Leech, and Shannon Watkins Bring Decades of Experience in Technology, Marketing, Operations, and Growth Strategy to the Board Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, today announced the appointments of Dr. Janaki Akella, Christopher T. Leech, and Shannon Watkins to its board of directors, effective Jan. 2, 2024. Dr. Akella adds significant experience in technology and growth strategy to the Board. She held various positions of increasing responsibility at Google, including Head of Digital Transformation, until March 2023. Prior to Google, Dr. Akella worked at McKinsey & Company serving as a partner advising clients across multiple industries
—Premier customer engagement SaaS provider taps top technology executive with track record of success to lead company's continued growth— Engageware, the industry-leading provider of customer engagement software for financial institutions, today announced that it has appointed Nina Vellayan as Chief Executive Officer (CEO). Vellayan brings more than 25 years of experience and a proven track record of success in leading software and technology businesses. As CEO, Vellayan's visionary approach and effective leadership style will further propel Engageware's ability to scale to meet market demand as the company reports record annual recurring revenue and profitability. Engageware provides ind
Mr. Blackley Brings Significant Financial Services and Operations Experience to the Board Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, today announced the appointment of R. Scott Blackley to its board of directors, effective immediately. Mr. Blackley has been Chief Financial Officer at Oscar Health, Inc. since March 2021, and effective December 1, will step into a new role as Oscar's Chief Transformation Officer overseeing operations, corporate strategy, and the company's +Oscar business. He brings decades of experience in financial services, risk management, strategy, and operations to the Sallie Mae board having also served as Chief Financial Officer at Capital One Financial Corp
Former Shazam CEO and Chairman, Andrew Fisher, to become Chairperson of the Board; Andrew succeeds Vania Schlogel who will remain on the board as a director Former Salesforce.com and Docusign executive Kirsten Wolberg and former Google and Dropbox executive Adrienne Gormley appointed to the board in November 2021 Bolstering board gears company for next chapter of growth, comments Epidemic Sound's CEO and founder, Oscar Hoglund Epidemic Sound today announces the appointment of Andrew Fisher, former CEO and Chairman of Shazam, as Chairperson of the Epidemic Sound board with immediate effect. He will succeed Vania Schlogel who will remain on the board as a director. Andrew brings a b
Mr. Ramsey Brings More than 30 Years of Experience in Financial Services and Risk Management to the Board Sallie Mae® (NASDAQ:SLM), formally SLM Corporation, today announced the appointment of Samuel Ramsey to its board of directors, effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211104006266/en/(Graphic: Business Wire) Mr. Ramsey joins the Board bringing more than 30 years of experience in consumer and commercial banking, with expertise in risk management, finance, treasury, and the capital markets. He has served as Chief Risk Officer for Chase, the consumer and small business organization within JP Morg
Aiken Will Oversee Company's Diversity, Equity, and Inclusion Efforts and Focus on Attracting, Developing, and Empowering a Diverse Workforce Sallie Mae® (NASDAQ:SLM) today announced Lori Aiken as the company's Chief Diversity Officer. Aiken will lead the company's diversity, equity, and inclusion efforts, including the hiring and development of a diverse workforce and reinforcing the company's inclusive culture. "Increasing access and opportunity through higher education is core to who we are at Sallie Mae," said Aiken. "By ensuring an environment where our people thrive, we can continue to advocate for students and families, from all backgrounds, who aspire to forge their future through
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced the appointment of Ted Manvitz to its board of directors, effective immediately. Mr. Manvitz joins the Board with more than 20 years of experience in strategic advice, senior executive management, operations, and capital markets. He spent the last ten years at IHS Holding Plc, where he held a variety of roles including chief operating officer, chief investment officer, chief financial officer, and chief strategy officer. He was instrumental in transforming IHS from a regional managed services company to the fourth largest independent developer and owner of telecommunications infras