$SLM Corp (SLM.US)$🎯 On August 21, 2023, the current price ...

New data: 2023 Q1 and Q2

In the first half of 2023, revenue shrank by 6%, with net interest income growing by 7.3%. Non-interest income decreased due to a decrease in asset sales gains, while non-interest expenses increased significantly, resulting in a net income shrinkage of 18.5%.

In the first half of 2023, total assets shrank, mainly due to a decrease in customer deposits.

The current PE ratio is 8.1, and the TTM PE ratio has increased to 8.9. If the net income shrinks by 18.5% for the whole year, the PE ratio will increase to 9.9. If calculated according to the average net income of 0.69 billion for the past 5 years, the PE ratio is 4.7. At the same time, the dividend yield is 3.1%, so caution should be exercised. (⭐️)