As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at consumer finance stocks, starting with Sallie Mae (NASDAQ:SLM).

Reflecting On Consumer Finance Stocks’ Q2 Earnings: Sallie Mae (NASDAQ:SLM)

SLM (SLM) has come under pressure recently, with the share price down 2.6% on the day and about 10% over the past month. This has drawn fresh attention to its student lending focused business. At the current share price of $23.61, SLM has seen share price returns weaken over the past week and month, while the year to date share price return is also down, even though the three and five year total shareholder returns remain firmly positive. This suggests that recent momentum is fading after a...

SLM (SLM) Could Be 18% Below Fair Value As Student Loan Reform Expands Its Market

Insider reported a trade at SLM Corp

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 provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing 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.

SLM Corporation News