Keefe, Bruyette & Woods Reports SLM Q2 Results

Keefe, Bruyette & Woods has issued a report regarding the Q2 results from SLM Corp (NYSE:

). According to the report, "The difference between reported and operating earnings reflects income from the company's discontinued debt purchasing business, which we have excluded from operating results. Q2 results were better than we had estimated primarily due to lower loss provisions, higher fee-based income and lower operating expenses than we had forecast." SLM has a Market Perform Rating and closed at $16.28 a share yesterday.