Rising Loan Originations Aid Sallie Mae Despite High Costs
Salliemae(SLM) ZACKS·2024-08-31 01:06
Sallie Mae’s (SLM) growth in average loan balance has been supporting NII. Strategic inorganic growth moves will expand its operations and diversify revenue streams. Lower liquidity and rising expenses are a concern.Shares of Sallie Mae have increased 54.8% compared with the industry growth of 43.9% in the past year. Its 2024 earnings estimate has revised upward in the past 60 days.Image Source: Zacks Investment ResearchFactors Driving Salie Mae StockThe company is a dominant player in every phase of the st ...