Dallas, Texas 03/13/2014 (FINANCIALSTRENDS) – SLM Corp(NASDAQ:SLM) hopes to see yield move from 2.5% to 4%.The company is expected to see growth in the yield based on the Januar2016 covered call it hopes to strike.
SLM Corp(NASDAQ:SLM) holds a market cap of $10.64 billion. This company is known to hold a profit to earnings ratio of 8.51. The average volume this company deals with is 4.41 million. The company shares are known to have opened at $24.82 the previous trading session.
For SLM Corp(NASDAQ:SLM)the daily price range for this stocks is currently in the range of $24.98 and $24.70. The 52 week average for this stock is between high of $27.34 and low of $19.21. The outstanding shares for this company are in the range of 428.70 million. Beta the company holds is currently at 1.00.The EPS is positive at 2.92. The average shares for the company are 4.41 million.
SLM Corp(NASDAQ:SLM) is a Newark based holding company for businesses engaged in offering financial services in the loan segment. More popular by its loan dispensing name of Sallie Mae it has been involved in the range of business segments. The company’s three major business verticals are – consumer lending, business services as well as FFELP loans.
It also operates in a fourth division called Other. The main line of services this company performs is to collect loans from students. It is also involved in issuing loans to students, and will then see high service potential in collecting loans which are made to students as well as families which have used the educational loan services. The use of private educational loans, help the students to seek and use loans which are not offered by federal service providers. These loans are not expected to be insured loans nor will any kind of guarantees offered, as of guidelines of the previous Federal Family Education Loan Program.