Gold prices edge higher on raised Fed rate cut hopes
SLM (NASDAQ:SLM) Corp stock reached an all-time high of 34.62 USD, marking a significant milestone for the financial services company. With a market capitalization of $7.2 billion and a P/E ratio of 12.1x, the company demonstrates solid fundamentals. InvestingPro analysis shows the company maintains a "GOOD" overall financial health rating. Over the past year, SLM Corp has experienced a substantial increase, with its stock price rising by 67.63%. The stock has maintained strong momentum, gaining 26.2% in the past six months alone. According to InvestingPro, analysts have set price targets ranging from $29 to $40, and the stock appears slightly undervalued based on Fair Value analysis. This impressive performance reflects the company’s robust growth and investor confidence in its future prospects. The achievement of this all-time high underscores SLM Corp’s strong market position and its ability to deliver value to shareholders in a competitive industry. For deeper insights, investors can access comprehensive analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks including SLM Corp.
In other recent news, Sallie Mae reported strong financial results for the first quarter of 2025, with earnings per share (EPS) of $1.40, surpassing the forecasted $1.15. This performance marked an improvement from the previous year’s EPS of $1.27. The company generated $375 million in net interest income, though this figure was $12 million less than the prior year. Loan originations grew by 7.3% year-over-year, reaching $2.8 billion, while non-interest expenses decreased by 4% compared to the previous year. The company also reaffirmed its 2025 guidance, maintaining a positive outlook despite macroeconomic uncertainties. Additionally, Sallie Mae expanded its board of directors with the appointments of Dr. Daniel Greenstein and Mr. Gary Millerchip, bringing diverse expertise in higher education and finance to the company. These developments are expected to support Sallie Mae’s strategic objectives and deliver value to its shareholders.
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