Sallie Mae Reports Fourth-Quarter and Full-Year 2022 Financial Results
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February 3, 2023 1:35 PM EST
Wells Fargo downgraded SLM Corporation (SLM) to an Equal Weight rating (From Overweight) and cut the price target on the stock to $16.00 (From $19.00) as the consumer banking company continues to experience credit issues.
Analyst Michael Kaye believes that persistent credit issues have damaged management's credibility. He does not see any visible catalysts to move the shares higher, and thinks it will take time to regain investor... More
February 1, 2023 4:43 PM EST
SLM (NASDAQ: SLM) reported Q4 EPS of ($0.33), $0.79 worse than the analyst estimate of $0.46.
GUIDANCE:
SLM sees FY2023 EPS of $2.50-$2.70, versus the consensus of $2.55.
For earnings history and earnings-related data on SLM (SLM) click here.
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