SLM Corporation cut its 2026 EPS outlook by $1.15 per share on October 22, 2026, three months after its CFO described a “viable path” to the higher range. Shareholders who lost money may have the right to seek recovery.

NEW YORK, Oct. 28, 2026 /PRNewswire/ — SLM Corporation (NASDAQ: SLM) erased $1.15 per share from its 2026 earnings outlook on October 22, 2026, cutting full-year EPS guidance to $1.95 to $2.05 from $3.10 to $3.20, and the stock fell as investors reacted. If you own SLM shares and lost money on this guidance cut, you may have legal rights, and acting quickly matters. Affected shareholders are encouraged to find out whether they can recover their SLM losses . You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

On April 23, 2026, CEO Jonathan Witter told investors the Company was “reaffirming all other elements of our 2026 outlook, including originations growth, net charge-offs and noninterest expense metrics.” On July 23, 2026, CFO Peter Graham said: “We still feel there’s a viable path for us to get up into the range that we had previously raised to last quarter.”

On October 22, 2026, SLM lowered both ends of its full-year earnings per share range by $1.15, well below even the original range. Levi & Korsinsky is investigating potential securities law violations on behalf of SLM shareholders. Investors do not need to have sold their shares to have their losses reviewed, and there is no upfront cost to do so.

SLM shareholders who suffered losses should submit their loss details for a free review today or call (212) 363-7500.

Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com

Frequently Asked Questions About the SLM Investigation

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether SLM Corporation made materially false or misleading statements regarding its 2026 financial outlook. When the Company disclosed a third-quarter adjusted loss of $0.19 per share and sharply revised its annual guidance downward on October 22, 2026, the stock price declined.

Q: When did SLM Corporation 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: Who is eligible to participate in the SLM investigation? A: Investors who purchased SLM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses — not on whether you still hold the shares.

Q: What is a lead plaintiff and why does it matter? A: If the investigation proceeds to legal action, a lead plaintiff is the investor the court appoints to represent the group of affected investors. Lead plaintiffs are typically investors with the largest documented losses. Contacting the firm during the investigation phase preserves that option.

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.

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

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SOURCE Levi & Korsinsky, LLP