Wells Fargo Reiterates Overweight Rating for SLM Corporation’s Preferred Stock (SLMBP)

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On October 24, 2025, Wells Fargo maintained an Overweight rating for SLM Corporation – Preferred Stock (NasdaqGS:SLMBP). The average one-year price target is $107.76 per share, indicating a potential upside of 42.69% from the recent closing price of $75.52.

The projected annual revenue for SLM Corporation is $1.731 billion, reflecting an 18.51% increase, with anticipated non-GAAP EPS at 3.19. Currently, 10 funds report positions in SLM Corporation, totaling 933,000 shares, with a slight increase of 0.62% in the last quarter.

Notably, Virtus InfraCap U.S. Preferred Stock ETF reduced its holdings from 389,000 to 383,000 shares, while Atlas Wealth increased its shares from 67,000 to 74,000. Other institutions, including iShares Preferred and Income Securities ETF and Shikiar Asset Management, also reported decreases in their positions.

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