Investing.com - SLM reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
SLM announced earnings per share of $0.45 on revenue of $397M. Analysts polled by Investing.com anticipated EPS of $0.842 on revenue of $525.84M.
SLM shares are down 16% from the beginning of the year and are trading at $16.28 , down-from-52-week-high.They are outperforming the Nasdaq which is down 20.17% from the start of the year.
SLM shares lost 0.37% in after-hours trade the report.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings missed by JPMorgan on Wednesday, April 13, 2022, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.7 on revenue of $30.66B.
Bank of America had beat expectations on Monday, April 18, 2022 with first quarter EPS of $0.8 on revenue of $23.23B, compared to forecast for EPS of $0.7495 on revenue of $23.13B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar