student loan corporation
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The Student Loan Corporation Announces Second Quarter Earnings
STAMFORD, Conn.--(BUSINESS WIRE)--July 17, 2006--The Student Loan Corporation (NYSE: STU) today reported net income of $101.8 million ($5.09 basic earnings per share) for the second quarter of 2006, an increase of $20.9 million (26%) compared to net income of $80.9 million ($4.05 basic earnings per share) for the same period of 2005. The increase in net income is primarily attributable to a gain on sale of $42.3 million (after tax) relating to the second quarter 2006 securitization of $2.2 billion in student loans, which was $13.0 million (after tax) higher than the second quarter 2005 securitization. In addition, other gains on loan sales were $8.1 million (after tax) higher than the second quarter 2005 while fee and other income increased $14.2 million (after tax) over the comparable 2005 period.
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Fitch Issues Presale Report on South Carolina Student Loan ...
NEW YORK--(BUSINESS WIRE)--July 6, 2006--Fitch has issued a presale report on South Carolina Student Loan Corporation, 2006 Series.
The Presale report is available to all investors on Fitch's corporate site, www.fitchratings.com. For more information about Fitch's comprehensive subscription service FitchResearch, which includes all presale reports, surveillance, and credit reports on more than 20 asset-backed securities (ABS) asset classes, including collateralized debt obligations (CDOs), contact product sales at 1-212-908-0800 or at webmaster@fitchratings.com.
Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times.