SLM Corporation reported a $32.3 million loss in the third quarter and lowered its full-year earnings forecast by over a third due to higher expected loan charge-offs. Net charge-offs rose to $90.4 million in Q3 and $292 million over the first nine months, an 18% increase from last year. The company paused most third-party loan recovery efforts and decided to keep a $1 billion loan portfolio it had planned to sell. A law firm is investigating potential securities violations related to SLM's credit loss disclosures, encouraging investors who suffered losses to seek legal review.
SLM Corporation's recent financial and legal challenges provide context for today's Financials sector on Pluang. As of Oct 30, 2026 21:21 WIB, 30 of 142 Financials-sector US stocks rose while 111 fell. Notable movers include NWG at USD 15.54, down 8.59%, Hut 8 Corp at USD 60.82, down 8.46%, and Robinhood Markets at USD 83.86, down 8.44%.
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Oxford Square Capital Corp. announced its financial results for Q3 2026, reporting a net asset value (NAV) per share of $1.21, down from $1.29 in Q2. The company declared monthly dividends of $0.015 per share for January, February, and March 2027. Ne...
As Halloween approaches, MADD Canada warns against impaired driving caused by alcohol, cannabis, or drugs, which leads to hundreds of deaths and thousands of injuries annually in Canada. The organization urges people to plan safe transportation if co...
