Washington, D.C.-based Student Loan Marketing Assn., or...
From Times Wire Services
Washington, D.C.-based Student Loan Marketing Assn., or Sallie Mae, said its earnings rose about 17% in the second quarter as it increased its loan portfolio and cut its expenses.
The company said second-quarter net income rose to $103 million, or $1.79 a share, from $88 million, or $1.20 a share, in the year-ago period. Analysts had expected Sallie Mae to earn $1.61 a share for the quarter.
