Sallie Mae Beats, Guidance Intact
Aided by a fall in loan loss provisions and decrease in expenses, SLM Corp.’s (NYSE:SLM), better known as Sallie Mae, first-quarter 2012 core earnings came in at $284 million or 55 cents per share, ahead of the Zacks Consensus Estimate of 52 cents. Results also compare favorably with the prior-year quarter’s core earnings of $260 [...]
Aided by a fall in loan loss provisions and decrease in expenses, SLM Corp.’s (NYSE:SLM), better known as Sallie Mae, first-quarter 2012 core earnings came in at $284 million or 55 cents per share, ahead of the Zacks Consensus Estimate of 52 cents. Results also compare favorably with the prior-year quarter’s core earnings of $260 million or 48 cents per share.
The company’s private education loan origination advanced 23% year over year while loan charge-offs reached the lowest rate since the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards