Navient Corporation - NAVI STOCK NEWS

Navient (NAVI) has announced the release of its 2024 third quarter financial results. The company will host a live audio webcast on October 30, 2024, at 8 a.m. ET, featuring CEO David Yowan and CFO Joe Fisher. Complete financial results are accessible on Navient's website and will be filed with the SEC via Form 8-K. Analysts and investors wanting to participate must pre-register 15 minutes before the webcast, while others can join in listen-only mode without registration. Supplemental materials will be available at the start of the call, with a replay accessible approximately two hours after conclusion.

Navient (Nasdaq: NAVI) has been recognized for the third year as a Best Place to Work for Working Daughters by Working Daughter, a community for women balancing eldercare with careers. The annual list highlights companies that support family caregivers and raises awareness of how businesses make caregiving and professional success compatible.

Working Daughter reports that more than one in six working Americans assist with the care of elderly or disabled family members, with 70% of caregivers facing work-related difficulties due to their dual roles. Navient offers various employee benefits to support working caregivers, including dependent care assistance, employee resource groups, and mental health and wellbeing programs.

Patty McKeown, Navient's chief human resources officer, emphasized the company's commitment to helping employees fulfill commitments to families of all kinds while ensuring their success at work.

Navient (Nasdaq: NAVI) has announced it will release its 2024 third quarter financial results on Wednesday, Oct. 30, 2024, at 7:00 a.m. Eastern Time. The company will host an audio webcast to review these results at 8:00 a.m. on the same day. The results will be available on Navient's investor website and filed with the SEC on Form 8-K.

Analysts and investors who wish to ask questions during the webcast are required to pre-register at least 15 minutes before the start time to receive personal dial-in access details. Those who want to listen without asking questions can access the webcast directly from Navient's investor website. A replay of the webcast will be made available approximately two hours after the event concludes.

Navient (Nasdaq: NAVI) has reached an agreement with the Consumer Financial Protection Bureau (CFPB) to resolve long-standing litigation and investigations. While not agreeing with the CFPB's allegations, Navient views this resolution as a positive milestone in its corporate transformation. The company has exited the federal student loan servicing business, transferring its contract to a third party in 2021 with Department of Education approval. Additionally, Navient has outsourced servicing of its legacy FFELP student loan portfolios, effective July 1, 2024. Moving forward, Navient will oversee its third-party servicing provider to ensure compliance with the agreement's operational terms.

Navient (Nasdaq: NAVI) has announced its third quarter dividend for 2024. The company's board of directors has approved a dividend of $0.16 per share on common stock. This dividend will be paid on September 20, 2024, to shareholders who are on record at the close of business on September 6, 2024. This announcement demonstrates Navient's commitment to providing regular returns to its shareholders and maintaining its dividend policy.

Navient (Nasdaq: NAVI) has agreed to sell its Healthcare Services business, operating as Xtend Healthcare, to CorroHealth for $365 million in cash. This move aligns with Navient's strategy to simplify operations, reduce expenses, and enhance flexibility. The deal, expected to close by September 2024, will transfer approximately 950 employees to CorroHealth.

As of June 30, 2024, the Healthcare Services business had a book value of about $136 million, including $113 million in goodwill and intangible assets. Navient is also in discussions to potentially sell its Government Services businesses, which had a book value of $192 million as of the same date.

Navient (Nasdaq: NAVI) has released its financial results for the second quarter of 2024. The complete financial report is available on the company's website and will be filed with the SEC on Form 8-K. Navient will host a live audio webcast on July 24, 2024, at 8 a.m. ET, featuring David Yowan, president and CEO, and Joe Fisher, CFO. Analysts and investors wishing to participate in the Q&A session must pre-register at least 15 minutes before the start time. Others can join in listen-only mode without pre-registration. Supplemental financial information and presentation slides will be available at the start of the webcast, with a replay accessible approximately two hours after the event concludes.

Earnest, a leading fintech company focused on making higher education affordable, has been recognized on CNBC's list of the World's Top FinTech Companies of 2024. The company's CEO, David Green, highlighted that 92% of recent college graduates would have made different choices if they had understood their total debt. Earnest aims to help students make informed financial decisions through transparency and guidance.

Key achievements include:

• Refinanced $18.7 billion in student loans
• Served over 264,000 happy clients
• Maintains a 4.7/5 star rating on Trustpilot
• Named Best Private Student Loan Lender by U.S. News & World Report

Earnest's acquisition of Going Merry in 2021 expanded its services to help students access scholarships and financial aid before taking on debt. The platform is used by two-thirds of U.S. high schools.

Navient (Nasdaq: NAVI) will announce its 2024 second quarter financial results on July 24, 2024. The results will be released at 7:00 a.m. Eastern Time on the company's investor website and filed with the SEC on a Form 8-K. An audio webcast to review the results will be held at 8:00 a.m. Eastern Time the same day. Investors and analysts can pre-register for the webcast to ask questions or join in listen-only mode without registration. A replay will be available two hours after the event.