Yahoo Sports · Jan 23, 2025
Sallie Mae Has Earnings Due. American Express Also On Deck.
Sallie Mae, which formally operates under the updated name SLM (SLM), reports after the close on Thursday. American Express (AXP) follows early Friday. SLM stock and American Express rose near highs.
SLM offers private student loans, credit cards, personal loans and savings accounts to its customers, many of whom are young college students. Originally set up as a government sponsored entity (GSE) named the Student Loan Market Association in 1972, Congress terminated its federal charter in 2004.
American Express targets affluent cardholders. In recent years, Amex cards have become popular with millennial and Gen Z cardholders.