Thursday, The Student Loan Corp. (STU) said its third-quarter net income surged significantly to $54.81 million or $2.74 per share from $5.44 million or $0.27 per share in the year earlier period, reflecting the positive impact of improved market conditions on its retained interests in its off-balance sheet securitizations, gains on loan sales, lower provision for loan losses and reduced operating expenses..
Net interest income for the recent quarter declined 11% to $74.11 million from $83.52 million in the 2008 period. Total other income climbed significantly to $86.25 million from $17.12 million in the comparable period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.