Investing.com - SLM reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
SLM announced earnings per share of $-0.22 on revenue of $378M. Analysts polled by Investing.com anticipated EPS of $0.14 on revenue of $362.75M.
SLM shares are down 20% from the beginning of the year and are trading at $7.11 , down-from-52-week-high.They are under-performing the Nasdaq which is up 19.32% from the start of the year.
SLM follows other major Financial sector earnings this month
SLM's report follows an earnings beat by JPMorgan on July 14, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.15 on revenue of $30.41B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.28 on revenue of $63.48B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar