Investing.com - SLM reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
SLM announced earnings per share of $1.29 on revenue of $342M. Analysts polled by Investing.com anticipated EPS of $1.3 on revenue of $627.44M.
SLM shares are down 12% from the beginning of the year and are trading at $16.30 , down-from-52-week-high.They are outperforming the Nasdaq which is down 23.09% from the start of the year.
SLM shares lost 5.51% in after-hours trade the report.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings beat by Berkshire Hathaway A on Tuesday, July 19, 2022, who reported EPS of $4774.01 on revenue of $70.81B, compared to forecasts EPS of $4277.66 on revenue of $70.32B.
JPMorgan had missed expectations on Thursday, July 14, 2022 with second quarter EPS of $2.76 on revenue of $30.72B, compared to forecast for EPS of $2.89 on revenue of $31.86B.
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