Wells Fargo cuts SLM Corp. (SLM) as credit issues persist

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 6/23/2026

1. SPCX
2. ABBV
3. MU
4. META
5. SPY
6. ACN
7. IBM
8. PRIM
9. PFE
10. TSLA

Go back to Wells Fargo cuts SLM Corp. (SLM) as credit issues persist

Sallie Mae Reports Fourth-Quarter and Full-Year 2022 Financial Results

February 1, 2023 4:32 PM EST

Fourth-Quarter GAAP Net Loss Attributable to Common Stock of $81 Million, $0.33 Loss Per Share; Full-Year 2022 GAAP Net Income Attributable to Common Stock of $460 Million, $1.76 Per Diluted Share

Impacting Earnings Per Share for the Fourth-Quarter and Full-Year 2022 Were the Fourth-Quarter Provision for Credit Losses of $297 Million and the Write Down of $60 Million of the Value of an Investment in Non-Marketable Equity Securities

Repurchased 40 Million Shares of Common Stock in Full-Year 2022; 14% Reduction in Total Common Stock Outstanding Since January 1, 2022

Full-Year Net Interest Margin of 5.31%,... More