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Stock Market & Financial Investment News

News Breaks
May 13, 2014
13:55 EDTSLMSallie Mae Bank settles regulatory matters
Sallie Mae Bank said it has voluntarily settled its previously reported regulatory matters with the FDIC and Department of Justice regarding disclosures and assessments of certain late fees, as well as compliance with the Servicemembers Civil Relief Act. Under the terms of the reorganization of SLM Corporation and related separation of Navient Corporation on April 30, Navient is responsible for funding all liabilities under the regulatory orders, other than fines directly levied against Sallie Mae Bank in connection with these matters. In a consent order, Sallie Mae Bank and the FDIC agreed Sallie Mae Bank will pay $3.3M in fines and oversee the refund of up to $30M in late fees assessed on loans owned or originated by Sallie Mae Bank since its inception in November 2005. For Q1, the last consolidated quarter of operations of SLM Corporation prior to Navient's separation, SLM recorded an additional $103M charge related to the total estimated costs of the regulatory matters. Accordingly, SLM's previously announced Q1 GAAP after-tax net income declined $65M to $214M.
News For SLM 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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