Latest news for SLM (NASDAQ:SLM) Stock

SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs.

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Millions of Americans may see credit rating drops as Biden&#39;s moratorium on reporting late student loan payments ends, affecting loan approvals and rentals.

Student Loan Protection Soon Ends, 9.7M Borrowers Should Be Worried About Their Credit Ratings

Look Into Loan Forgiveness Programs

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U.S. District Judge J. Randal Hall on Thursday temporarily blocked the Biden administration&#39;s latest student debt relief plan in a lawsuit brought by seven Republican-led states.

US Judge Temporarily Blocks Biden&#39;s Latest Student Loan Relief Plan: Why It Matters

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Supreme Court denies Biden admin plea to revive SAVE plan to tackle student loan debt.

US Supreme Court Declines To Revive Biden Administration&#39;s Student Debt Relief Plan

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Millions of Americans are poised to take hits to <a href="https://www.benzinga.com/top-stories/24/08/40611128/us-supreme-court-declines-to-revive-biden-administrations-student-debt-relief-plan">their credit ratings</a> as the Biden administration&#8217;s one-year moratorium on reporting late student loan payments to credit agencies will come to an end in just a few weeks.
About 9.7 million, or 29%, of student loan borrowers in the U.S. were late on payments, according a <a href="http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.gao.gov/assets/880/870313.pdf">report </a>released in late July by the Government Accountability Office. About 60% of those borrowers were at least three months behind in payments.
 In March 2020, a forbearance on student loans put in place by former President Donald Trump allowed borrowers to stop making loan payments without incurring interest costs and getting reported to the credit agencies.
Read Also: <a href="https://www.benzinga.com/top-stories/24/08/40611128/us-supreme-court-declines-to-revive-biden-administrations-student-debt-relief-plan">US Judge Temporarily Blocks Biden&#8217;s Latest Student Loan Relief Plan: Why It Matters</a>
That forbearance ended on Sept. 30, 2023, so President Joe Biden implemented a 12-month &#8220;on-ramp&#8221; period during which student loan servicers could not report loan delinquencies to credit agencies.
That provision will end on Sept. 30, leaving millions of borrowers who are still late on their loans open to damaging hits to their credit scores, which banks use to approve loans, landlords use to approve rental agreements and so on. 
Transfers from Education to the Treasury indicate a steady fall in student loan repayments over the past year. Last summer, monthly transfers were about $7 billion, but that figure fell last month the figure to $4.1 billion.
The Biden administration has forgiven some $168.5 billion in student debt through various programs, but the courts have blocked its attempts to pass a Save on a Valuable Education (SAVE) student loan relief program.
Most recently, U.S. District Judge J. Randal Hall temporarily blocked the Biden administration&#8217;s latest student debt relief plan on Sept. 5 in a lawsuit brought by Seven Republican-led states.
Price Action:&nbsp;Student loan servicers fell and rose into Monday's mid-afternoon trading.
<ul>
<li>SoFi Technologies, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) gained 1.50% to $7.11</li>
<li>Navient Corporation&nbsp;(NASDSQ: NAVI) declined 1.70% to $15.57</li>
<li>SLM Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) rose 0.62% to $20.26</li>
</ul>
Meanwhile, exchange-traded funds that hold SoFi shares registered gains.
<ul>
<li>Trenchless Fund ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVER#NASDAQ">RVER</a>) rose 1.32%</li>
<li>ARK Fintech Innovation ETF&nbsp;&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) went up 2.47%</li>
<li>VanEck Social Sentiment ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUZZ#NYSE">BUZZ</a>) gained 1.95%</li>
<li>Global X FinTech ETF&nbsp;&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FINX#NASDAQ">FINX</a>) went up 1.92%</li>
<li>Gabelli Financial Services Opportunities ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GABF#NYSE">GABF</a>) rose 1.95% </li>
</ul>
Now Read: <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40779935/stock-of-the-day-amazon-delivers-a-trading-lesson-on-reversal-patterns">Stock Of The Day — Amazon Delivers A Trading Lesson On Reversal Patterns</a>
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U.S. District Judge J. Randal Hall on Thursday temporarily blocked the Biden administration's latest student debt relief plan in a lawsuit brought by <a href="https://www.benzinga.com/personal-finance/24/09/40696394/inflation-jobs-and-taxes-how-trump-and-harris-economic-policies-differ">seven Republican-led states (Missouri, Georgia, Alabama, Arkansas, Florida, North Dakota and Ohio). </a>
The Details: Judge Hall issued a<a href="https://fingfx.thomsonreuters.com/gfx/legaldocs/mopaqgblapa/09052024studentloan.pdf"> temporary restraining order</a> after Republican state attorneys general<a href="https://www.reuters.com/legal/republican-led-us-states-sue-over-new-biden-student-debt-relief-plan-2024-09-03/"> </a>filed a lawsuit to block a rule the Education Department proposed which would allow it to provide full or partial deft relief to certain types of borrowers.
Read Next: <a href="https://www.benzinga.com/news/24/09/40733143/whats-going-on-with-celsius-holdings-stock">What&#8217;s Going On With Celsius Holdings Stock?</a>
The judge determined that the suit had established a likelihood of proving the Education Department lacked authority to cancel student loans.&nbsp;
&#8220;This is especially true in light of the recent rulings across the country striking down similar federal student loan forgiveness plans,&#8221; Hall wrote.
Last week, the U.S. Supreme Court rejected a Biden administration plea in a separate case that <a href="https://www.benzinga.com/news/24/08/40633593/whats-going-on-with-sofi-technologies-stock">sought to revive</a> the Savings on a Valuable Education (SAVE) plan to provide relief to borrowers with federal student loan debt.
Why It Matters: The court&#8217;s denial is potentially a positive development for student loan providers including SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), Navient Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) and SLM Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>). Student loan providers would lose revenue in the form of interest payments and loan origination fees if student loan forgiveness or deferment resulted from a debt relief plan. 
SOFI, NAVI, SLM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, SoFi Technologies shares ended Thursday's session down 2.94% at $7.26, Navient shares closed down 0.25% at $15.99 and SLM shares ended Thursday 0.99% lower at $20.93.
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US Judge Temporarily Blocks Biden's Latest Student Loan Relief Plan: Why It Matters

U.S. Judge Temporarily Blocks New Biden Student Debt Forgiveness Plan At Urging Of Republican-Led States

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Politics

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Republican-Led States File Lawsuit Against Biden's New Student Debt Forgiveness Plan​

The Supreme Court rejected a <a href="https://www.benzinga.com/government/24/07/39849095/appeals-court-blocks-bidens-save-student-loan-debt-relief-plan">Biden administration plea </a>Wednesday that sought to revive the Savings on a Valuable Education (SAVE) plan to tackle federal student loan debt.
In a brief order, the court denied an emergency request filed by the administration that sought to lift a nationwide injunction imposed by an appeals court. 
There were no noted dissents, CNBC <a href="https://www.nbcnews.com/politics/supreme-court/supreme-court-refuses-revive-bidens-latest-student-loan-debt-relief-pl-rcna167455">reported</a>.
The Education Department issued a regulation finalizing SAVE in July 2023, the month after the Supreme Court ruled that the administration lacked authority to implement President Joe Biden's earlier loan forgiveness program.
The new effort, like the previous one, was challenged by multiple conservative-leaning states.
The new proposal has several provisions, including one that would cap the amount people have to repay for undergraduate loans at 5% of their incomes. Previously the cap was 10%.
Opponents to SAVE say it would require spending up to $475 billion that was not authorized by Congress. They say it should be blocked for the same reason that the Supreme Court blocked Biden's earlier plan.
Read Also: <a href="https://www.benzinga.com/news/24/04/38350197/bill-ackman-slams-tax-exemption-for-high-cost-private-universities-that-put-people-in-debt-and-spew">Bill Ackman Slams Tax Exemption For &#8216;High-Cost&#8217; Private Universities That Put People In Debt And Spew &#8216;Poisonous Ideologies&#8217;</a>
Under the "major questions" doctrine embraced by the court's conservative justices, federal agencies cannot initiate sweeping new policies that have significant economic effects without having authorization from Congress.
The states argue in court papers that the Biden administration's "assertion of unfettered authority to cancel every penny of every loan is staggering."
In an Aug. 9 decision, the St. Louis, Missouri-based 8th U.S. Circuit Court of Appeals issued a more sweeping injunction putting the entire plan, which has about 8 million borrowers on it, on hold.
The denial comes as the Biden administration&#8217;s 12-month &#8220;on-ramp&#8221; period for loan repayments approaches expiration on Sept. 30 following the end of former President Donald Trump&#8217;s pandemic forbearance a year earlier.
The Trump forbearance, which began in March 2020, allowed borrowers to stop making loan payments without incurring interest costs and getting reported to the credit agencies.
Once the Biden &#8220;on-ramp&#8221; period ends, student loan servicers can start reporting payment delinquencies on loans to credit agencies.
Biden&#8217;s &#8220;on-ramp&#8221; period, which began on Sept. 30 of last year, prohibited loan servicers from reporting late payments to credit agencies in an effort to give borrowers the chance to work loan payments back into their budgets after not paying them for 3.5 years, CNBC <a href="https://www.cnbc.com/2024/08/26/student-loan-payment-on-ramp-ends-september-30.html">reported</a>.
Price Action: Student loan servicers gave mixed reactions to Wednesday&#8217;s Supreme Court decision as of Wednesday&#8217;s late-afternoon trading.
<ul>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) fell 3.86% to $7.47</li>
<li>Navient Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) gained 1.65% to $16.31</li>
<li>SLM Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) rose 1.77% to $21.52</li>
</ul>
Meanwhile, exchange-traded funds that hold SoFi shares registered losses.
<ul>
<li>Trenchless Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVER#NYSE">RVER</a>) slipped 0.06%</li>
<li>ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) declined 2.58%</li>
<li>VanEck Social Sentiment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUZZ#NYSE">BUZZ</a>) dropped 2.61%</li>
<li>Global X FinTech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FINX#NASDAQ">FINX</a>) slid 1.36%</li>
<li>Gabelli Financial Services Opportunities ETF (GABF) went down 0.35%</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/personal-finance/financial-advisors/24/04/38263889/dave-ramsey-says-student-loans-create-lifetime-of-money-stress-having-a-serio">Dave Ramsey Says Student Loans Create Lifetime Of Money Stress: &#8216;Having A Serious Negative Impact On The Future Of Our Country&#8217;</a></li>
</ul>
Image: Shutterstock

US Supreme Court Declines To Revive Biden Administration's Student Debt Relief Plan

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Shares of companies within the broader financial sector are trading lower amid overall market weakness following weak US jobs data.

Offerings

SLM Corp. Files Mixed-Securities Shelf; Size Not Disclosed

Wells Fargo analyst Michael Kaye maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Overweight and raises the price target from $24 to $27.

Price Target

Analyst Ratings

Wells Fargo Maintains Overweight on SLM, Raises Price Target to $27

RBC Capital analyst Jon Arfstrom maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Outperform and raises the price target from $25 to $27.

RBC Capital Maintains Outperform on SLM, Raises Price Target to $27

Deutsche Bank analyst Mark Devries maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Buy and raises the price target from $25 to $29.

Deutsche Bank Maintains Buy on SLM, Raises Price Target to $29

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) 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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
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 estimate of $25.00. This current average has increased by 7.94% from the previous average price target of $25.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1721919708_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive SLM. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$25.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Sanjay Sakhrani</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Outperform</td>
<td>$27.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$29.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Moshe Orenbuch</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$27.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$28.00</td>
<td>$28.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to SLM. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SLM compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for SLM's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of SLM's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SLM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SLM analyst ratings.</a>
<h2>About SLM</h2>
SLM Corp is the largest student lender in the country. It makes and holds student loans through the guaranteed Federal Family Education Loan Program as well as through private channels. It also engages in debt-management operations, including accounts receivable and collections services, and runs college savings programs.
<h3>SLM's Financial Performance</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining SLM's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 31.49% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 50.84%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): SLM's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 16.34% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): SLM's ROA stands out, surpassing industry averages. With an impressive ROA of 0.99%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: SLM's debt-to-equity ratio is notably higher than the industry average. With a ratio of 2.67, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 5 Analysts Discuss SLM Stock

JP Morgan analyst Richard Shane maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Neutral and raises the price target from $23 to $25.

JP Morgan Maintains Neutral on SLM, Raises Price Target to $25

Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Outperform and raises the price target from $25 to $27.

Keefe, Bruyette & Woods Maintains Outperform on SLM, Raises Price Target to $27

Wedbush analyst David Chiaverini maintains SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) with a Outperform and raises the price target from $25 to $29.

Wedbush Maintains Outperform on SLM, Raises Price Target to $29

Guidance

SLM Raises FY24 EPS Guidance From $2.60 - $2.70 To $2.70 - $2.80, Est $2.77

SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) reported quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $0.84 by 32.14 percent.&nbsp;

Earnings Beats

SLM Q2 2024 Adj EPS $1.11 Beats $0.84 Estimate

SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) 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.

SLM Q2 Sales $372.172M Beat $362.834M Estimate

A federal appeals court has blocked President Joe Biden&#8217;s administration from implementing its Saving on a Valuable Education (SAVE) <a href="https://www.benzinga.com/news/24/07/39845798/whats-going-on-with-sofi-technologies-stock">student debt relief plan.&nbsp;</a>
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&#8217;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. 
&#8220;Appellants&#8217; emergency motion for an administrative stay prohibiting the appellees from implementing or acting pursuant to the Final Rule until this Court rules on the appellants&#8217; motion for an injunction pending appeal is granted,&#8221; 8th Circuit Court stated in its ruling.&nbsp;
Read Next:<a href="https://www.benzinga.com/news/earnings/24/07/39826835/discover-reports-better-than-expected-q2-results-heres-the-details"> Discover Reports Better-Than-Expected Q2 Results: Here&#8217;s The Details</a>
According to a <a href="https://www.businessinsider.com/save-plan-blocked-student-loan-borrowers-cheaper-payments-debt-cancellation-2024-7">report </a>from Business Insider, the Department of Education's Solicitor General Elizabeth Prelogar recently responded to the court on the confusion that would be caused if implementation of the SAVE plan was blocked at this stage.&nbsp;
&#8220;Many have already received bills that reflect the decrease in monthly payments to 5% of their discretionary income,&#8221; Prelogar wrote. &#8220;Many would experience intense confusion when they are told that their payments must be recalculated and that they must be placed in forbearance — which would delay any eventual loan forgiveness.&#8221;
Some companies that service student loans include SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), Nelnet, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NNI#NYSE">NNI</a>), Navient Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) and SLM Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>). 
SOFI, NNI, NAVI, SLM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, SoFi shares are down 4.02% at $7.53, Nelnet shares are down 1.50% at $109.66, Navient shares are down 1.60% at $15.36 and SLM shares are down 0.64% at $23.35 at market close Thursday.
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Education

Appeals Court Blocks Biden's SAVE Student Loan Debt Relief Plan

US Appeals Court Blocks New Biden Administration Student Debt Relief Plan

Shares of companies within the broader financial sector are trading higher amid possible optimism ahead of Fed President Powell's discussion. Also, strength may be a result of investors assessing the impact of the attempted assassination of former President Trump.

Analyst Moshe Orenbuch from TD Cowen maintained a Buy rating on SLM (SLM – Research Report) and keeping the price target at $27.00. Moshe Orenbuch ...

Buy Rating Affirmed for SLM Amid Improving Credit Quality and Strong Performance Trends

Supreme Court turns keeps hold on student loan relief plan in place

Supreme Court keeps hold on student loan relief plan in place

SLM ( ($SLM) ) has shared an announcement. Samuel T. Ramsey has stepped down from his role as a director of SLM Corporation and his associated comm...

SLM Corporation Announces Board Membership Reduction

There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on UniCredit SpA (UNCFF – Research Report) and SLM (SLM ...

Analysts Offer Insights on Financial Companies: UniCredit SpA (OtherUNCFF) and SLM (SLM)

SLM ( ($SLM) ) has issued an update. SLM Corporation has shared an update on its peak season performance, revealing a substantial increase in appli...

SLM Reports Strong Growth in Peak Season Performance

In a report released today, Terry Ma from Barclays maintained a Buy rating on SLM (SLM – Research Report), with a price target of $23.00. The compa...

Barclays Sticks to Its Buy Rating for SLM (SLM)

Wells Fargo analyst Michael Kaye has maintained their bullish stance on SLM stock, giving a Buy rating on September 11. Michael Kaye has given his ...

Buy Rating for SLM Stock Based on Improved Credit Trends and Stabilizing Delinquencies

In a report released yesterday, Moshe Orenbuch from TD Cowen maintained a Buy rating on SLM (SLM – Research Report), with a price target of $27.00....

SLM's Strong Loan Performance Metrics Support Buy Rating

How four election outcomes could impact the markets, according to Société Générale

BFAM

COIN

ENPH

ICLN

MSFT

PANW

PCAR

QQQM

STLD

STRL

TSLA

UNCFF

Press Releases

Sallie Mae CFO to Speak at TD Financial Services & Fintech Summit

Sallie Mae's Donna Vieira Honored by Girls Inc. of New York City

Sallie Mae CFO to Speak at Morgan Stanley U.S. Financials, Payments, and CRE Conference

Application Window Now Open for Sallie Mae Completing the Dream Scholarship

Sallie Mae Contributes $100,000 to Point Foundation to Support College Scholarships

Sallie Mae to Release Second-Quarter 2024 Financial Results on July 24

Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock

Sallie Mae Reports Second-Quarter 2024 Financial Results

Just Released 'How America Pays for College 2024' Report Finds College Spending Stable with Family Out-of-Pocket Contributions Covering the Largest Share of Cost

Sallie Mae CFO to Speak at Barclays Global Financial Services Conference

Ally Financial

American Express

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Credit Acceptance Corporation - Common Stock

Credit Acceptance

Capital One Financial Corporation Common Stock

Capital One Finl

Discover Finl

Encore Capital Gr

Enova International

FirstCash Hldgs

FinVolution Group American Depositary Shares

FinVolution Gr

Joint Stock Company Kaspi.kz - American Depository Shares

Kaspi.kz

LendingClub

Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares

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