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SLM Corp. (NYSE:SLM): Closing price $18.38
Sallie Mae has divested the residual interest in its SLM Student Loan Trust 2007-4 securitization to a third party, but will continue to service the student loans in the trust under the existing arrangements. The sale will remove student loan assets amounting to $3.8 billion and related liabilities of $3.7 billion from Sallie Mae’s balance sheet, and the proceeds from the transaction will add 8 cents to its 2013 GAAP and core earnings per share. Shares closed up 0.06 percent on the day at $18.38 and have traded in a 52-week range of $12.85 to $18.69.
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