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SLM cuts 2026 EPS forecast by $1.15, triggering stock drop and legal probes.

Market News
28 Oct 2026, 17:09 WIB
PRNewsWire
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Bearish
SLM cuts 2026 EPS forecast by $1.15, triggering stock drop and legal probes.

SLM Corporation lowered its 2026 earnings per share (EPS) forecast by $1.15, revising the full-year guidance to $1.95-$2.05 from $3.10-$3.20. This significant cut followed optimistic statements earlier in the year by the CFO and CEO, leading to a sharp stock price decline. Legal firm Levi & Korsinsky is investigating potential securities law violations, encouraging shareholders who suffered losses to seek recovery. Investors do not need to hold shares currently to participate in the investigation, which may lead to legal action if pursued.

SLM Corporation's revised 2026 earnings per share guidance now stands at $1.95-$2.05, down from $3.10-$3.20 earlier in the year. For readers following Financials-sector stocks, here is Pluang's market snapshot as of Oct 28, 2026 21:21 WIB: out of 142 priced US Financials stocks tradable on Pluang, 66 rose and 73 fell. Notable movers include HOOD at USD 91.22 with a 1-day change of -3.53% and Pluang order activity of 5% Sell / 95% Buy, BSBR at USD 4.68 down 3.31% with 0% Sell / 100% Buy, and NU at USD 12.02 down 3.06% with 14% Sell / 86% Buy. Typical hold times range from 5 to 76 days.

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