Sallie Mae Cuts 2026 EPS Forecast to $1.95-$2.05, Raises Charge-Off Outlook
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Sallie Mae cut its 2026 earnings forecast and raised expected loan losses, reducing its profit outlook as it expects to forgo an October loan sale. The revised diluted earnings forecast is $1.95-$2.05 per common share, down from $3.10-$3.20. The company raised its full-year net charge-off range to $400 million-$420 million from $365 million-$385 million. It kept its outlook for private education loan origination growth at 12%-14% and noninterest expenses at $750 million-$780 million. Sallie Mae issued the updated guidance Oct. 22.
Source: TokenPost
