We are reiterating our Outperform recommendation on SLM Corp. (NYSE:SLM) following a detailed analysis of the company’s third-quarter 2011 earnings results.
SLM Corp., commonly known as Sallie Mae, reported third quarter core earnings of $188 million or 36 cents per share, in line with the Zacks Consensus Estimate. The results compare unfavorably with the prior-year quarter’s core earnings of $202 million or 37 cents per share.
However, on a GAAP basis, Sallie Mae reported third-quarter 2011 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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