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Stock Market & Financial Investment News

News Breaks
January 24, 2014
05:53 EDTSLMSLM Corp. recent pullback a buying opportunity, says FBR Capital
FBR Capital attributes the recent pullback in shares of SLM Corp. to news that Senator Elizabeth Warren will introduce a bill to allow student borrowers to refinance their debt into lower interest rates and concern that President Obama could announce support for the bill in next week's State of the Union Address. FBR views the concerns as overblown as it sees very low odds of such a bill passing Congress. The firm recommends using the recent pullback in shares of SLM as a buying opportunity.
News For SLM From The Last 14 Days
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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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