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The Many Facets Of Mae And Mac
Monday, April 24, 2017 - 7:07am | 748In addition to headline-grabbing issues such as healthcare and tax reform, one of the major issues President Donald Trump is facing in office is how to handle government-sponsored enterprises Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC). Since...
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Don't Expect Much Color On Government Lawsuits When Navient Reports Q1 Results
Wednesday, April 12, 2017 - 11:23am | 436Student loan servicer Navient Corp (NASDAQ: NAVI) has been embroiled in controversy for years, but Barclays analysts don’t think proliferating allegations of abuse bear much relevance to the company’s quarterly earnings. “We await the conclusion around the [Consumer Financial...
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How Sallie Mae Went Private, And How Fannie Mae And Freddie Mac Could Do The Same
Thursday, December 1, 2016 - 12:10pm | 393Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are both up about 50 percent in the past two days following comments from Donald Trump’s recently-appointed Treasury Secretary Steven Mnuchin. On Wednesday, Mnuchin confirmed his...
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Citi Initiates SLM Corp With A Buy Rating, $8.50 Target
Thursday, July 14, 2016 - 11:03am | 280Citi has started coverage of SLM Corp (NASDAQ: SLM), more commonly known as Sallie Mae, with a Buy rating and price target of $8.50, implying an upside of 21.4 percent. Citi said SLM is the largest originator of private education student loans and has over 50 percent share of originations (about...
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Market Wrap For May 1: Markets Mixed To Start The New Month
Thursday, May 1, 2014 - 4:35pm | 2905U.S. stocks were little moved to start off the month of May as investors and traders are cautious before April's nonfarm payrolls report are released on Friday. The consensus estimate for Friday's figure stands at 215,000 which would trump March's 192,000 number. “This is a really important...
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Market Wrap For April 10: Wednesday's Rally Completely Forgotten
Thursday, April 10, 2014 - 4:33pm | 2616U.S. stocks tumbled as investors and traders showed no intention of allowing Wednesday's bull charge to continue. The Nasdaq index continues to under-perform and notched its worst one day performance since 2011. The decline in the Nasdaq index continues to be fueled by biotech and momentum...
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Barron's Recap: Underestimating Sirius XM
Saturday, November 23, 2013 - 2:02pm | 886This weekend in Barron's online: a look at Sirius XM, the prospects for retailers this holiday shopping season, a small bank merger, Qualcomm ages gracefully and more. Cover Story "Sound of Success" by Alexander Eule. Though Sirius XM (NASDAQ: SIRI) has a monopoly on satellite radio, a growing...
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Sallie Mae to Split into Two to Take Advantage of Private Student Loan Market
Friday, May 31, 2013 - 1:18pm | 498SLM Corp (NASDAQ: SLM), better known as Sallie Mae, is splitting into two companies. If the largest financier of student loans in the United States is splitting, either something is really wrong or something is really right. In fact, both are true. The split will create companies serving...
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Knight Capital and Other Top Performing Financial Stocks in November
Sunday, December 2, 2012 - 9:54pm | 651Here is a quick look at some of the top-performing financial sector stocks in the past month. These companies all have a market cap of more than $500 million and their share prices are more than 15 percent higher than 30 days ago. Flagstar Bancorp (NYSE: FBC) shares are up more than 220 percent...
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Sallie Mae Releases Private Student Loan Data
Friday, September 17, 2010 - 7:33am | 108SLM Corporation (NYSE: SLM) reports Sallie Mae's release of its private student loan securitization data for the quarter ending August 31. Risks include substantially higher than expected private student loan charge-offs and loss provision and possibly another prolonged disruption in the credit...