Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day down 0.5%. By the end of trading, SLM rose $0.25 (1.1%) to $23.13 on heavy volume. Throughout the day, 8,764,282 shares of SLM exchanged hands as compared to its average daily volume of 3,677,600 shares. The stock ranged in a price between $22.93-$23.41 after having opened the day at $22.96 as compared to the previous trading day's close of $22.88. Other companies within the Financial Services industry that increased today were:
), up 13.4%,
), up 12.6%,
), up 10.6% and
), up 9.3%.
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SLM Corporation, also known as Sallie Mae, originates, acquires, finances, and services private education loans in the United States. The company operates through three segments: Consumer Lending, Business Services, and FFELP Loans. SLM has a market cap of $10.0 billion and is part of the financial sector. The company has a P/E ratio of 8.0, below the S&P 500 P/E ratio of 17.7. Shares are down 12.9% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate SLM a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full SLM Ratings Report.
On the negative front,
), down 8.7%,
), down 7.6%,
), down 7.5% and
), down 6.7% , were all laggards within the financial services industry with
) being today's financial services industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider
) while those bearish on the financial services industry could consider
- Find other investment ideas from our top rated ETFs lists.