🔴 Sallie Mae is trading 7.72% down after Q3 loss and 2026 EPS guidance cut

Based on October 23, 2026 price context, Sallie Mae is trading at $20.08 (-7.72%) after its Q3 loss and 2026 EPS guidance cut.

• The Q3 loss was $0.19 per share, versus analysts’ expected $0.17 profit, and revenue came in below estimates.
• Management cut 2026 EPS guidance to $1.95–$2.05, from $3.10–$3.20.
• Coverage also points to higher credit costs and the decision not to complete another whole-loan sale.