SLM Corp (SLM) News & EventsSLMSLM Corp

Nasdaq Composite Falls 2.6% This Week

Nasdaq Composite has erased all of this week's gains amid renewed heavy selling in the tech space as the index fell by 2.6% - the biggest decline in months.  Market rotation away from the AI trade following earnings from Metaand Teslaovernight also punished the S&P 500 by over 1%, with the Tech sector by far the biggest loser.   Communication and semiconductor equipment stocks traded especially weak.  Defensively-oriented Consumer Staples and higher-yielding Utilities outperformed amid the shift in sentiment from AI-buildout driven economic strength to greater uncertainty.The AI wobble was also acutely felt in fixed income markets, with the yield on the 10-year US Treasury note falling 20 basis points to a one-month low of 4.95%.  Fed fund futures now assign a 93% chance that the Fed will leave rates on hold next week versus 85% overnight.   Fixed income markets have also repriced the probability of no further Fed tightening this year to 20% from 10% yesterday.In the opening hour of the evening session, Nasdaq 100 futures are down another 0.3% while S&P e-Minis are trading flat.  Western Digital, a key tech name reporting results after hours, reversed its post-earnings gains despite beating estimates as the management warned about higher input costs and growing capex during the earnings call.  Elsewhere,  the consumer cyclical sector saw a disappointing update out of Deckers, where a Q2 revenue miss and below-consensus Q3 guidance weighted the stock down by over 7%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -RingCentralup 14.5%Robert Halfup 10.7%JAKKS Pacificup 2.6%Omnicom Groupup 2.4%DOWN AFTER EARNINGS -Deckers Outdoordown 7.0%Bloom Energydown 6.1%Western Digitaldown 5.3%Comfort Systems USAdown 5.3%Kilroy Realtydown 4.9%SS&C Technologiesdown 4.8%MaxLineardown 4.7%SLM Corporationdown 3.4%Boyd Gamingdown 2.6%VeriSigndown 2.4%

Sallie Mae Reports Q3 Private Education Loan Originations of $3.4B, 15% Growth

Reports Q3 Private Education Loan Originations of $3.4B, 15% growth from the year-ago quarter. "We delivered a record peak season, highlighted by the largest single quarter of originations in the Company's history," said Sallie Mae CEO Jonathan Witter. "Credit quality of originations remained strong, and we're encouraged by the significant growth in graduate student lending following changes to federal student loan programs. We believe our growing strategic partnerships business and disciplined balance sheet management provide flexibility in a dynamic interest rate environment while supporting our ability to serve more students and families."

SLM Maintains FY26 EPS View at $3.10-$3.20

SLM backs FY26 EPS view $3.10-$3.20, consensus $3.14