Company
SLM Corporation
Headquarters: Newark, DE, United States
Founded: 1972
Employees: 1,450
CEO: Mr. Jonathan W. Witter
Market Cap
$4.20 Billion
USD as of Jan. 1, 2024
SLM Corporation Categories
United States Financials Credit ServicesUnited States Financials United States Credit Services
Top Competitors by Market Capitalization
Industry: Credit Services
| Company | Market Cap (USD) |
|---|---|
| Visa | $530.20 B |
| Mastercard | $392.71 B |
| American Express | $136.38 B |
| PayPal | $63.02 B |
| Capital One Financial Corporation | $49.78 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high-yield savings accounts; and omnibus accounts, as well as credit card loans. It serves students and families through financial aid, federal loans, and student and family resources. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.
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Stocks & Indices
SLM Corporation has the following listings and related stock indices.
Stock: NASDAQ: SLM wb_incandescent
Stock: FSX: SM1 wb_incandescent
Stock: NASDAQ: SLMBP wb_incandescent
Product & Services
Private student loansK-12 education loansCollege savings plans Insurance PlansCollege Planning Tools
Key People
Jonathan Witter (CEO) Carter Franke (Chair, Board of Directors) Daniel Kennedy (COO) Steven J. Mc Garry (CFO)
Financials
Operating income: US$331 million (2020)
Net income: US$881 million (2020)
Total assets: US$30.77 billion (2020)
Total equity: US$2.563 billion (2020)