Sallie Mae is trading 10.41% down at $19.50 after its October 22 earnings report showed a third-quarter loss of $0.19 per share versus analyst expectations for a profit.

  • It lowered full-year 2026 EPS guidance to $1.95–$2.05 from $3.10–$3.20, citing higher credit-loss provisions and non-interest expenses.
  • October 23 reporting linked the morning selloff to the loss and reduced outlook; the decline continued after a 4.69% drop on October 22.