SLM Investor Alert: Levi & Korsinsky Investigates SLM Corporation (SLM) for Potential Securities Fraud
NEW YORK CITY, NY / ACCESS Newswire / October 26, 2026 /Levi & Korsinsky notifies investors that it has commenced an investigation into SLM Corporation ("SLM Corporation") (NASDAQ:SLM) concerning potential violations of the federal securities laws.
SLM Corporation shares fell after the Company reported a third-quarter 2026 earnings miss and lowered its full-year guidance on October 22, 2026. For Q3 2026, the Company reported a quarterly loss of roughly $32.3 million and an adjusted EPS of -$0.19, compared to consensus expectations of +$0.17 per share. Alongside these results, the Company reduced its full-year EPS guidance from $3.10-$3.20 to $1.95-$2.05 and decided not to complete a previously planned sale of an approximately $1 billion loan portfolio. Management also cited higher expected charge-offs for the reduced outlook. Months earlier, during the Q2 2026 earnings call on July 23, 2026, Chief Financial Officer Peter Graham stated, "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 April 23, 2026, Chief Executive Officer Jonathan Witter also reaffirmed the Company 's outlook. In a Form 10-Q filed October 22, 2026, the Company disclosed that nine-month net charge-offs rose to $292 million from $248 million while pausing the majority of third-party recovery activities. The investigation concerns whether SLM Corporation adequately disclosed credit metrics, charge-off trends, collection-practice disruptions, and loan-sale execution risks ahead of its Q3 2026 earnings report on October 22, 2026.
If you suffered a loss on your SLM Corporation securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates.
WHY LEVI & KORSINSKY:Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services ' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
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
SOURCE:Levi & Korsinsky, LLP
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