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News Breaks
January 29, 2014
10:32 EDTFMD, SLM, NNISLM climbs after Obama fails to mention student loan initiative
Shares of SLM Corp. (SLM) are advancing after President Obama did not express support yesterday for legislation that would enable student loans to be refinanced at lower interest rates. SLM Corp, formerly known as Sallie Mae, provides loans to college students. WHAT'S NEW: In his State of the Union speech yesterday, President Obama did not mention a proposal to enable student loans to be refinanced at lower rates. Earlier this month, Senator Elizabeth Warren said she intended to introduce a bill to let students refinance their old loans at lower rates. Some had speculated that Obama would express support for this initiative during the State of the Union speech. ANALYST REACTION: In a note to investors earlier today, Keefe Bruyette & Woods analyst Sanjay Sakhrani wrote that Obama's speech was "surprisingly tame on student lending." He kept an Outperform rating on SLM Corp. OTHERS TO WATCH: Other companies that provide student loans include First Marblehead (FMD) and Nelnet (NNI). PRICE ACTION: In mid-morning trading, SLM gained 1% to $23.15, First Marblehead lost 0.6% to $6.30, and Nelnet inched down 0.3 to $37.05.
News For SLM;FMD;NNI From The Last 14 Days
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January 27, 2015
14:54 EDTSLMSallie Mae management to meet with Evercore ISI
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January 23, 2015
10:02 EDTSLMOn the Fly: Analyst Downgrade Summary
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09:00 EDTSLMSallie Mae sell-off a 'huge' buying opportunity, says Janney Capital
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05:36 EDTSLMSallie Mae downgraded to Neutral from Buy at Goldman
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January 21, 2015
16:21 EDTSLMSallie Mae sees FY15 core EPS 48c-50c, consensus 62c
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16:19 EDTSLMSallie Mae reports Q4 EPS 3c, consensus 5c
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15:27 EDTSLMNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.38; Kinder Morgan (KMI), consensus 34c; eBay (EBAY), consensus 89c; Discover Financial Services (DFS), consensus $1.30; Crown Castle (CCI), consensus $1.05; Crown Castle (SNDK), consensus $1.27; Xilinx (XLNX), consensus 61c; F5 Networks (FFIV), consensus $1.49; United Rentals (URI), consensus $2.07; Plexus (PLXS), consensus 72c; Boston Private Financial Holdings (BPFH), consensus 22c; Dolby Laboratories (DLB), consensus 38c; SLM (SLM), consensus 5c; East West Bancorp (EWBC), consensus 65c; Raymond James Financial (RJF), consensus 86c; BancorpSouth (BXS), consensus 32c.

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