Navient

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded on November 7, 2013 and is headquartered in Wilmington, DE.

Earnings data Q1 2024

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Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded on November 7, 2013 and is headquartered in Herndon, VA.

Navient Corporation's (NAVI) CEO Jack Remondi on Q3 2021 Results - Earnings Call Transcript

Navient's (NAVI) Q3 earnings reflect solid performance in its business processing segment, apart from a rise in expenses.

Navient (NAVI) Q3 Earnings Beat Estimates, Expenses Flare Up

Navient (NAVI) delivered earnings and revenue surprises of 7.23% and 8.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Navient (NAVI) Q3 Earnings and Revenues Surpass Estimates

WILMINGTON, Del., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today posted its 2021 third quarter financial results. The complete financial results release is available on the company's website at Navient.com/investors. The results will also be available on Form 8-K on the SEC's website at www.sec.gov.

Navient posts third quarter 2021 financial results

Navient's (NAVI) Q3 earnings are likely to reflect the negative impact of low-rate environment and decreased non-interest income.

What's in the Offing for Navient (NAVI) This Earnings Season?

WILMINGTON, Del., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that its proposal to transfer the loan servicing of 5.6 million Department of Education-owned student loan accounts to Maximus has received all necessary approvals. Effective today, Maximus replaces Navient as contractor to the Department of Education.

Navient receives approval to transfer Department of Education servicing contract to Maximus

Navient (NAVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Navient (NAVI) Q3 Earnings Expected to Decline

Navient celebrated as one of 27 companies in Greater Philadelphia paving the way for gender equity Navient celebrated as one of 27 companies in Greater Philadelphia paving the way for gender equity

Navient named Champion of Board Diversity by The Forum of Executive Women

WILMINGTON, Del., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced it will release its 2021 third-quarter financial results on Navient.com/investors after market close on Tuesday, Oct. 26, 2021. Navient will host a conference call to review results on Wednesday, Oct. 27, 2021 at 8 a.m. ET.

Navient to announce third quarter 2021 results on Oct. 26, host earnings call on Oct. 27

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The list of companies that want to service federal student loans is dwindling.

Why Shares of Navient Fell Today

The six million borrowers' accounts will be transferred to Maximus, a government-loan servicing company.

Navient Is Leaving the Federal Student-Loan Business. Its Stock Is Getting Crushed.

Navient (NAVI) will transfer the accounts of nearly six million federal student loan borrowers to Maximus, thereby ceasing the loan payment collections on behalf of the U.S. Department of Education.

Navient (NAVI) to Exit From Federal Student Loan Servicing

MAXIMUS

WILMINGTON, Del. & RESTON, Va.--(BUSINESS WIRE)--Navient (Nasdaq:NAVI) and Maximus (NYSE:MMS) announced today that the companies have signed a definitive agreement.

Navient, Maximus Announce Proposal to Transfer Federal Student Loan Servicing Contract, Pending Government Approval

YTD revenue has already surpassed the analyst forecast for 2021. Navient's total education loan portfolio continues to deteriorate, posing a risk.

Navient Is Set To Rebound With Justified Gross Loan Decrease

SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ -- Earnest , a fintech company dedicated to making higher education accessible and affordable for everyone, today announced the acquisition of Going Merry , a one-stop financial aid platform where students match to and apply for scholarships, institutional aid, and government grants through a single free application.

Earnest And Going Merry Join Forces To Expand Access To Free Scholarship And Financial Aid Tools For Students

Navient (NAVI) closed at $23.16 in the latest trading session, marking a -0.22% move from the prior day.

Navient (NAVI) Stock Sinks As Market Gains: What You Should Know

Navient (NAVI) closed at $22.50 in the latest trading session, marking a -0.31% move from the prior day.

Navient (NAVI) Stock Moves -0.31%: What You Should Know

Navient (NAVI) reported earnings 30 days ago. What's next for the stock?

Navient (NAVI) Up 13.6% Since Last Earnings Report: Can It Continue?

WILMINGTON, Del., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced that President and CEO Jack Remondi will participate in a virtual fireside chat at the Barclays 2021 Global Financial Services Conference on Monday, Sept. 13. Remondi will deliver remarks at 8:10 a.m. ET.

Navient President and CEO to present at Barclays 2021 Global Financial Services Conference on Sept. 13

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WILMINGTON, Del., July 29, 2021 (GLOBE NEWSWIRE) -- Michael Lawson, a well-respected attorney, public servant and civil rights leader, has been appointed to the Navient board of directors, effective Aug. 2, 2021.

Navient names Michael Lawson as new board member

Navient's (NAVI) Q2 earnings reflect a fall in net interest income and provisions.

Navient (NAVI) Q2 Earnings Beat Estimates on Lower Provisions

Navient Corporation (NAVI) CEO Jack Remondi on Q2 2021 Results - Earnings Call Transcript

News for Navient Stock (NAVI)