🔴 Sallie Mae is trading 5% down in pre-market after a Q3 loss and 2026 guidance cut

Sallie Mae is trading at $20.65 (-5.10%) in pre-market after reporting a third-quarter 2026 loss.

• The loss was $0.19 per share, versus analysts’ expected $0.17 profit; revenue also missed expectations.
• Management cut full-year 2026 EPS guidance to $1.95–$2.05 from $3.10–$3.20, citing its decision not to complete an additional whole-loan sale.