SLM Corporation (SM1)
XETRA 
Summary
SM1 Chart
Sallie Mae Stock Tumbles 7.6% on Elevated Charge-Off Concerns
SLM stock plunges 7.6% after management flags elevated charge-offs tied to certain debt resolution practices and warns of pressure on recoveries.
Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae
When Chris Gray sold his Shark Tank-backed scholarship search startup Scholly to Sallie Mae in 2023, he thought he had it all. Now he's suing the student loan giant for wrongful termination and alleging that it's selling the data his app collected, which includes personal info on minors, without properly informing users.
Sallie Mae Q1 Earnings Beat on Y/Y Rise in NII, Fee Income Declines
SLM beats Q1 earnings estimates on higher NII and lower provisions, but rise in expenses and weaker fee income temper the overall performance.
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SLM Corporation Profile
| Financial Services Industry | Financials Sector | Jonathan W. Witter CEO | XETRA Exchange | US78442P1066 ISIN |
| US Country | 1,710 Employees | 4 Jun 2026 Last Dividend | 1 May 2014 Last Split | 5 Jan 1988 IPO Date |
Overview
SLM Corporation, originally known as New BLC Corporation, underwent a name change in December 2013 and has since been operating under its current name. Founded in 1972, this company has established its headquarters in Newark, Delaware. SLM Corporation specializes in offering financial services primarily within the education sector of the United States. It plays a significant role in facilitating the financing of higher education for students and their families through the origination and servicing of private education loans. The company's operations are aimed at easing the financial burden of education costs, thus making it more accessible to a broader audience.
Products and Services
- Private Education Loans
SLM Corporation's core service revolves around the provision of private education loans. These loans are specifically designed to help students and their families cover the full cost of higher education. By offering various loan options, SLM Corporation enables borrowers to find financial solutions that best match their educational needs and repayment capabilities.
- Retail Deposit Accounts
Aside from its education loan services, SLM also offers a variety of retail deposit accounts. These include:
- Certificates of Deposit: These are timed deposit accounts that offer a fixed interest rate over a specific period, ideal for customers looking for a secure investment option.
- Money Market Accounts: Offering more flexibility than CDs, these accounts provide both a reasonable interest rate and easier access to funds.
- High-Yield Savings Accounts: For customers aiming to maximize their savings' growth, SLM offers high-yield savings accounts with competitive interest rates.
- Interest-Bearing Omnibus Accounts
SLM Corporation also offers interest-bearing omnibus accounts. These accounts are typically used by financial advisors or firms to manage the funds of multiple clients under a single account. This offering denotes SLM's capability to provide solutions not just for individual savings or educational financing, but also for more complex financial management needs.
