Investing.com - SLM reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SLM announced earnings per share of $1.05 on revenue of $508M. Analysts polled by Investing.com anticipated EPS of $0.9772 on revenue of $518.87M.
SLM shares are down 12% from the beginning of the year and are trading at $17.12 , down-from-52-week-high.They are outperforming the Nasdaq which is down 13.44% from the start of the year.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings beat by JPMorgan on Friday, January 14, 2022, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday, January 19, 2022 with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar