Wells Fargo cuts SLM Corp. (SLM) as credit issues persist
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Sallie Mae Reports Fourth-Quarter and Full-Year 2022 Financial Results
February 1, 2023 4:32 PM ESTFourth-Quarter GAAP Net Loss Attributable to Common Stock of $81 Million, $0.33 Loss Per Share; Full-Year 2022 GAAP Net Income Attributable to Common Stock of $460 Million, $1.76 Per Diluted Share
Impacting Earnings Per Share for the Fourth-Quarter and Full-Year 2022 Were the Fourth-Quarter Provision for Credit Losses of $297 Million and the Write Down of $60 Million of the Value of an Investment in Non-Marketable Equity Securities
Repurchased 40 Million Shares of Common Stock in Full-Year 2022; 14% Reduction in Total Common Stock Outstanding Since January 1, 2022
Full-Year Net Interest Margin of 5.31%,... More
