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Why Shares of SLM Fell Today

TheMotleyFool

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Shares of SLM (NASDAQ: SLM), the parent company of student loan lender Sallie Mae, fell by more than 10% Thursday after the company reported its second-quarter results.

SLM reported diluted earnings per common share of $1.29 on revenue of $621 million, both numbers that beat analysts' consensus estimates.

Image source: Getty Images.

Source Fool.com

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