Last $8.73 USD
Change Today +0.01 / 0.11%
Volume 3.5M
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

slm corp (SLM) Snapshot

Open
$8.71
Previous Close
$8.72
Day High
$8.73
Day Low
$8.63
52 Week High
01/16/14 - $9.77
52 Week Low
02/11/14 - $7.53
Market Cap
3.7B
Average Volume 10 Days
4.2M
EPS TTM
$1.73
Shares Outstanding
422.9M
EX-Date
03/5/14
P/E TM
5.1x
Dividend
$0.60
Dividend Yield
6.87%
Current Stock Chart for SLM CORP (SLM)

slm corp (SLM) Details

SLM Corporation, also known as Sallie Mae, together with its subsidiaries, operates as a financial services company specializing in education in the United States. It offers education loan options for undergraduates, graduate students, and professional students, as well as families with children in private K–12 schools; and banking products, such as money market accounts, high yield savings accounts, and certificates of deposits. The company also provides auto, tuition, life, health, travel, and renters insurance coverage for students, recent graduates, and young adults. In addition, its products and services include Upromise rewards, scholarship search and planning tools, private education loans, and online banking services. SLM Corporation is based in Newark, Delaware.

slm corp (SLM) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

slm corp (SLM) Key Developments

Sallie Mae Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014

Sallie Mae announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second-quarter 2014, the company's GAAP net income was $44 million or $0.09 diluted earnings per share. GAAP net income was $76 million or $0.17 diluted earnings per share in the year-ago quarter, which included gains on sales of loans that were $71 million higher, and without this contribution, second-quarter 2013 GAAP net income was $32 million. Core earnings for the quarter were $48 million or $0.10 diluted earnings per share, compared with $77 million or $0.17 diluted earnings per share in the year-ago quarter. Net interest income increased 35% from the year-ago quarter to $144 million, as a result of a $1.8 billion increase in average private education loans outstanding. For the six months period, the company reported GAAP net income of $91,576,000 or $0.20 per diluted share against $149,353,000 or $0.33 per diluted share a year ago. Core Earnings were $96,651,000 or $0.20 per diluted share against $149,396,000 or $0.33 per diluted share a year ago. Full-year 2014, the company’s diluted earnings per share expectations for 2014, which includes all of the onetime restructuring charges, is expected to be in a range of $0.41 to $0.43. Operating expenses for the full year will be approximately $280 million plus an additional $32 million in onetime restructuring and reorganization expenses. The company is confident that it will execute loan sales totaling $1.2 billion in the second half of the year. The company expects the premium to the sales to be at the high end of the 6% to 8% range that the company has discussed over the last several months. Additionally, the tax rate is impacted by adjustments related to pre-spin uncertain tax positions. Because the company is indemnified for the vast majority of these positions, the increase to its tax provision is offset by an increase in the company’s fee income. This actually has no impact on it’s per share earnings, and its expectation is that its tax rate for the full year will be 40%.

Sallie Mae Appoints Jeffrey Dale as Chief Risk Officer

Sallie Mae announced the appointment of Jeffrey Dale as the company's first Chief Risk Officer. Mr. Dale will work with senior executives and other company stakeholders to build out the enterprise risk management function and framework for the company and its Sallie Mae Bank subsidiary. Mr. Dale arrives from Citigroup where he most recently served as the North American Group Risk Director responsible for consumer credit in the United States, Puerto Rico and Canada. In this role, he engaged broadly with various business units, other control areas, and a variety of internal and external constituents, including regulators and auditors.

SLM Corporation to Report Q2, 2014 Results on Jul 23, 2014

SLM Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014

 

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Industry Analysis

SLM

Industry Average

Valuation SLM Industry Range
Price/Earnings 18.5x
Price/Sales 5.0x
Price/Book 3.1x
Price/Cash Flow 18.0x
TEV/Sales 2.0x
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