Wells Fargo keeps Buy rating for SLM stock at USD 28.00

Published on 10/06/2026 at 07:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 670.34 million, while net profit was USD 58.53 million. SLM stock stood at EUR 20.30 on October 6, 2026 after EUR 20.30.

SLM, US78442P1066, Illustration mit AI erstellt.

Wells Fargo analyst Donald Fandetti reiterated a Buy rating on SLM and set a USD 28.00 price target on September 30, 2026, as Markets Insider reports. SLM (ISIN US78442P1066) is entering the next reporting date with its latest quarter showing lower revenue and profit than a year earlier.

Second-quarter revenue fell 1.93 percent

For the second quarter ended June 30, 2026, SLM reported USD 670.34 million in revenue and USD 58.53 million in net profit, according to Markets Insider. Revenue was down 1.93 percent from USD 683.54 million in the second quarter of 2025, while net profit declined 17.88 percent from USD 71.27 million.

The comparison matters because the latest operating picture combines a smaller top line with a sharper earnings decline. For SLM, credit performance and loan-sale activity remain important variables before the next quarterly update.

Estimates point to a weaker third quarter

Yahoo Finance lists a USD 1.43 billion average revenue estimate for calendar year 2026 from five analysts and a USD 3.12 average GAAP earnings-per-share estimate from ten analysts. The same page shows a USD 0.30 average estimate for the September 2026 quarter, compared with USD 0.63 in the year-earlier quarter.

That estimate profile places the emphasis on execution rather than on the small daily move in Germany. Wells Fargo's USD 28.00 target is a separate US-dollar reference and is not combined with the euro quotation from Lang & Schwarz.

October 22 is the next report

MarketBeat lists SLM's third-quarter 2026 earnings report for October 22, 2026, after the market close, with the conference call scheduled for 5:30 p.m. ET. The date gives investors a defined checkpoint for the USD 0.30 quarterly earnings estimate and the company's progress through the second half of 2026.

TradingView identifies SLM Corporation as a Nasdaq-listed company under ticker SLM and confirms the US78442P1066 ISIN. SLM provides private education loans and related deposit products, making loan demand, credit losses and funding costs central to the earnings outlook.

SLM stock holds at EUR 20.30

SLM was trading at EUR 20.30 at Lang & Schwarz on October 6, 2026 at 7:50 a.m. CEST in pre-market trading, unchanged at 0.00 percent versus the prior close of EUR 20.30 on October 5, 2026. On Nasdaq, the stock was last quoted at USD 22.74 on October 5, 2026 at 4:00 p.m. EDT; its market capitalization was USD 4.3 billion and its 52-week range was USD 17.77 to USD 31.06 as of that date.