Sallie Mae cuts 2026 EPS guidance to $1.95-$2.05 and raises net charge-off outlook to $400M-$420M
FROM THE WIRE · SEEKINGALPHA.COM
Earnings Call Insights: Sallie Mae (SLM) Q3 2026 MANAGEMENT VIEW * "Tonight, we are pleased to announce that we have completed a strategic partnership with Sixth Street for an initial 3-year term" and "Sixth Street has committed to purchase a minimum of $1.5 billion in newly…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe lower EPS guidance and higher expected credit losses weigh on the stock and on private student lending.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Sallie Mae signed a three-year partnership with Sixth Street, which will buy at least $1.5 billion of loans annually.
- 02Third-quarter originations were $3.4 billion, up 15% year over year, the highest quarterly volume in company history.
- 03October disbursements rose 35% year over year, and full-year originations will be in line with 12% to 14% growth guidance.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
SLM Corporation21.76 USDMarket closedtoday -4.69%Negative SLM Corporation71.44 USDMarket closedtoday -2.12%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets