Sallie Mae Earnings Report
Student loan provider Sallie Mae reported their fourth quarter earnings on Wednesday. Sallie Mae’s fourth quarters sales were just under one billion dollars. Analysts see this as a positive for the loan company who has seen plenty of recent troubles. The student lender recently saw the collapse of a $25 billion buyout offer, has been entangled in subsequent litigation and has faced dissatisfaction among investors over large drops (Sallie Mae shares lost 60 percent in the fourth quarter, ending the year at $20.14) in Sallie Mae stock. It may be too early to tell if Wednesday’s news will significantly help the loan company’s image and stock prices, but any good news is welcomed at this point.
