NEW YORK CITY, NY / ACCESS Newswire / October 27, 2026 / A $132.3 million drop in gains on loan sales hit SLM Corporation (NASDAQ: SLM) when the Company reported third-quarter 2026 results on October 22, 2026. The line fell from $136.0 million to $3.7 million, and SLM shares declined on the news. If you bought SLM stock and are now looking at losses, you may have legal rights. Investors who suffered losses are encouraged to submit their SLM loss information now. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

The quarter missed Wall Street expectations. Consensus called for adjusted earnings of $0.17 per share, and SLM reported an adjusted loss of $0.19 per share. The Company posted a quarterly loss of approximately $32.3 million. Revenue came in below estimates and declined year over year.

In the same report, SLM said it would not complete a previously planned sale of approximately $1 billion in loans and would instead retain the portfolio. Levi & Korsinsky is investigating potential securities law violations on behalf of SLM shareholders who lost money following the October 22 results.

Shareholders who lost money on SLM after the October 22 report may request a confidential review of their SLM losses or call (212) 363-7500.

ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years.

Frequently Asked Questions About the SLM Investigation

Q: How much did SLM stock drop? A: From a closing price of $21.76 on October 22, 2026, SLM shares declined an initial $0.95, or 4.4%, when the market opened on October 23, 2026. By midday, the stock had fallen nearly than $2, or more than 9%, from the previous day's closing price. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek compensation.

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether SLM Corporation made materially false or misleading statements regarding its expected third-quarter performance, including anticipated activity tied to a planned loan sale. When the Company disclosed its October 22, 2026 results and said it would not complete a planned sale of approximately $1 billion in loans, the stock price declined.

Q: When did SLM allegedly mislead investors? A: The investigation concerns statements made before the October 22, 2026 disclosure that allegedly caused investors to purchase securities at inflated prices.

Q: What do SLM investors need to do right now? A: Investors may gather brokerage records showing purchase dates, share quantities, and prices paid. Submit your information for a no-cost, no-obligation evaluation of your potential recovery. No immediate action is required to remain eligible to participate in the investigation.

Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my SLM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought SLM and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: There is no upfront cost to submit your information and review whether you may be eligible to recover. Should you choose to participate in any resulting action, these matters are generally handled on a contingency basis, with any attorneys' fees and expenses subject to court approval.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

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CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171

SOURCE: Levi & Korsinsky, LLP