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Stock Market & Financial Investment News

News Breaks
February 13, 2013
10:16 EDTSLMSallie Mae sells residual interest in federally guaranteed student loan trust
Sallie Mae announced that it has sold the residual interest in its SLM Student Loan Trust 2007-4 securitization to a third party. Sallie Mae will continue to service the student loans in the trust under existing agreements. The sale will remove student loan assets of $3.8B and related liabilities of $3.7 billion from Sallie Mae’s balance sheet. The gain from the transaction will add 8c to Sallie Mae’s 2013 GAAP and core EPS.
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July 23, 2014
17:26 EDTSLMSallie Mae sees FY14 EPS 41c-43c, consensus 48c
The company expects full-year private education loan originations of $4B, full-year operating expenses of $312M, including $32M of reorganization expenses, $1.2B of private education loan sales in the second half of the year, and provision for private education loan losses of approximately $60M in the second half of the year.
17:23 EDTSLMSallie Mae reports Q2 adjusted EPS 10c, consensus 10c
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16:02 EDTSLMSallie Mae names Jeffrey Dale as company’s first Chief Risk Officer
Sallie Mae (SLM) appointed Jeffrey Dale as the company’s first Chief Risk Officer. Mr. Dale will work with senior executives and other company stakeholders to build out the enterprise risk management function and framework for the company and its Sallie Mae Bank subsidiary. Mr. Dale arrives from Citigroup (C) where he most recently served as the North American Group Risk Director responsible for consumer credit in the United States, Puerto Rico and Canada.

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