SLM Corporation shareholders who expected a third-quarter profit of $0.17 per share instead got a $0.19 loss. SueWallSt notifies investors of a pending investigation into potential securities law violations on behalf of affected investors.
NEW YORK, Oct. 26, 2026 /PRNewswire/ -- A $0.36-per-share swing hit SLM Corporation (NASDAQ: SLM) shareholders on October 22, 2026, when the student lender's third-quarter earnings report showed an adjusted loss of $0.19 per share against Wall Street expectations of a $0.17 profit, and the stock fell. If you owned SLM shares going into that report and are now looking at losses, this investigation concerns you. Investors who suffered losses are encouraged to submit your SLM loss details now . You may also contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt.
Investors expected a profit. The Company reported a quarterly loss of approximately $32.3 million. Revenue missed estimates and declined year over year. Gains on loan sales came in at $3.7 million, down from $136.0 million, according to the Company's Form 10-Q. SLM also said it would keep an approximately $1 billion loan portfolio it had planned to sell.
SueWallSt notifies investors of a pending investigation into potential securities law violations on behalf of SLM investors who lost money following the October 22 report. SLM shareholders who lost money can start a free review of their losses here or call (888) SueWallSt.
WHY SUEWALLST : SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Frequently Asked Questions About the SLM Investigation
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether SLM Corporation made materially false or misleading statements regarding its 2026 financial outlook. When the Company disclosed a third-quarter adjusted loss of $0.19 per share and sharply revised its annual guidance downward on October 22, 2026, the stock price declined.
Q: Who is eligible to participate in the SLM investigation? A: Investors who purchased SLM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.
Q: Who is conducting the SLM investigation? A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased SLM securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.
Q: What do SLM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery . No immediate action is required to remain eligible to participate in the investigation.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my SLM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought SLM and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.
Q: What if I live outside the United States? A: U.S. securities fraud investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (888) SueWallSt
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
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SOURCE SueWallSt.com
