Earnings / Financials
Sallie Mae Swings to a $32.3 Million Loss and Cuts Its Full-Year Earnings Guide as Charge-Offs Rise
The lender lost $0.19 a share against a $0.63 profit a year earlier, cut its 2026 earnings guide to $1.95-$2.05 from $3.10-$3.20, and raised its charge-off outlook even as originations hit a record.