Sallie Mae Q3 Loss Widens on Lower NII & Higher Expenses, Stock Dips
Salliemae(SLM) ZACKS·2024-10-24 22:40
Sallie Mae (SLM) , formally SLM Corporation, reported a third-quarter 2024 loss per share of 23 cents, wider than the Zacks Consensus Estimate of 7 cents. The bottom line compared unfavorably against the prior-year quarter’s earnings of 11 cents. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.A decline in the net interest income (NII) and a rise in non-interest expenses negatively impacted SLM’s results. However, lower provisions for credit losses and robust loan origination ...