Investing.com - SLM reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SLM announced earnings per share of $-0.22 on revenue of $378M. Analysts polled by Investing.com anticipated EPS of $0.14 on revenue of $362.75M.
SLM shares are down 20% from the beginning of the year and are trading at $7.11 , down-from-52-week-high.They are under-performing the Nasdaq which is up 19.32% 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 Tuesday, July 14, 2020, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.15 on revenue of $30.41B.
UnitedHealth had beat expectations on Wednesday, July 15, 2020 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar