Welcome to our dedicated page for Nelnet news (Ticker: $NNI), a resource for investors and traders seeking the latest updates and insights on Nelnet stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nelnet's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Nelnet reported strong first-quarter 2024 results with GAAP net income of $73.2 million, or $1.97 per share, showing growth from the previous year. The company's core businesses performed well despite market uncertainties. Nelnet continues to invest in its businesses, make strategic acquisitions, and manage capital efficiently. AGM segment reported a decrease in loan portfolio and spread but managed a net income of $25.6 million. Nelnet Bank showed a net income of $0.9 million. Loan Servicing and Systems segment saw a decrease in revenue, and the Education Technology Services and Payments segment reported revenue growth, with net income at $36.2 million. Corporate activities included a loss on ALLO voting interests. The company repurchased shares and declared a second-quarter cash dividend.