Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against SLM Corporation. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Why Is SLM Corporation (SLM) Under Investigation?
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of shareholders of SLM Corporation (NASDAQ: SLM).
On October 22, 2026, SLM Corporation reported its third-quarter 2026 financial results, including a quarterly loss of approximately $32.3 million and adjusted earnings per share of negative $0.19, compared to consensus expectations of positive $0.17. The Company reduced its full-year earnings per share guidance from $3.10–$3.20 to $1.95–$2.05, citing higher expected charge-offs, and disclosed that it would not complete a previously planned sale of an approximately $1 billion loan portfolio. In its Form 10-Q filed the same day, SLM disclosed that nine-month net charge-offs increased to $292 million from $248 million and that it had paused the majority of its third-party recovery activities. These disclosures followed management’s reaffirmations of the Company’s outlook in April and July 2026. Following this news, SLM’s stock price dropped.
What Potential Securities Violations Is BG&G Investigating?
- Whether SLM Corporation and certain of its officers made false or misleading statements regarding the Company's financial condition and business prospects.
- Whether SLM Corporation failed to disclose material adverse information that would have been significant to a reasonable investor.
- Whether the Company's earnings guidance was supported by a reasonable factual basis at the time it was made.
What Should SLM Corporation (SLM) Investors Do?
How Is SLM Corporation (NASDAQ: SLM) Stock Trading Today?
How Does BG&G Help Investors in Securities Fraud Investigations?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
We handle cases on a contingency fee basis — we advance all litigation costs on your behalf. There is no fee unless we are successful.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”