Investing.com - SLM reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SLM announced earnings per share of $0.47 on revenue of $375M. Analysts polled by Investing.com anticipated EPS of $0.1 on revenue of $378.73M.
SLM shares are up 3% from the beginning of the year and are trading at $9.48 , down-from-52-week-high.They are under-performing the Nasdaq which is up 28% from the start of the year.
SLM shares gained 2.49% in after-hours trade the report.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings beat by UnitedHealth on Wednesday, October 14, 2020, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on Tuesday, October 13, 2020 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
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