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Navient Corporation - NAVI STOCK NEWS

Welcome to our dedicated page for Navient Corporation news (Ticker: NAVI), a resource for investors and traders seeking the latest updates and insights on Navient Corporation stock.

Navient Corporation (Nasdaq: NAVI) is the nation’s leading loan management, servicing, and asset recovery company. Headquartered in Herndon, Virginia, Navient supports the educational and economic achievements of over 12 million Americans by managing more than $300 billion in student loans. The company operates in three primary segments: Federal Education Loans, Consumer Lending, and Business Processing.

Navient provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions achieve financial success. Their customer-focused, data-driven approach delivers exceptional results for clients in education, healthcare, and government sectors.

Recent strategic actions have been taken to streamline operations and enhance flexibility. This includes outsourcing student loan servicing to MOHELA, exploring strategic options for the business processing division, and reshaping shared services to align with a more focused business model. These measures are expected to reduce the company's expense base and increase operational efficiency.

Navient is committed to transparency and regular communication with stakeholders. The company hosts quarterly earnings calls and provides detailed financial updates. For instance, Navient will hold a live audio webcast on April 24, 2024, to review its first-quarter financial results. This webcast, hosted by senior executives, will offer insights into the company's performance and strategic direction.

For more information, visit Navient.com.

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Navient (Nasdaq: NAVI) announced the upcoming release of its 2020 fourth quarter and full year financial results, scheduled for January 26, 2021, after market close. A conference call will follow on January 27, 2021, at 8 a.m. ET to discuss the results. Investors will be notified through a news release and on Twitter. The earnings report will also be filed with the SEC. Navient provides education loan management and processing solutions, supporting clients across various sectors, aiming to help Americans achieve financial success.

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Labaton Sucharow announces an investigation on behalf of purchasers of Navient (NAVI) securities, following a lawsuit filed by the New Jersey Attorney General alleging deceptive practices in student loan servicing. The suit claims Navient used misleading tactics to increase profits, violating state consumer protection laws. Following this news, Navient's stock dropped over 5% on high trading volume, raising concerns among investors about the potential implications of the lawsuit and ongoing investigations.

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Navient (Nasdaq: NAVI) announced a fourth quarter 2020 dividend of $0.16 per share on November 12, 2020. This dividend will be paid on December 18, 2020, to shareholders who are on record as of the close of business on December 4, 2020.

The company is recognized for its education loan management and business processing solutions, aiming to enhance client success through technology-driven services.

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Labaton Sucharow has initiated an investigation on behalf of investors in Navient (NASDAQ: NAVI). This follows a lawsuit from New Jersey Attorney General Gurbir Grewal filed on October 21, accusing Navient of employing 'deceptive, misleading' practices in managing student loans. The lawsuit claims Navient's actions violate consumer protection laws and engage in unconscionable commercial practices. Consequently, Navient's stock dropped over 5% on significant trading volume.

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Labaton Sucharow has initiated an investigation into Navient (NASDAQ: NAVI) following a lawsuit filed by New Jersey Attorney General Gurbir Grewal. The lawsuit, dated October 21, accuses Navient of using deceptive tactics to enhance profits while violating consumer protection laws in servicing student loans. This news has resulted in a over 5% decline in Navient's stock price, reflecting significant investor concern about potential legal repercussions and financial implications.

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Labaton Sucharow has announced an investigation into Navient (NAVI) following a lawsuit filed by New Jersey Attorney General Gurbir Grewal. The lawsuit, initiated on October 21, claims Navient employed deceptive tactics in servicing student loans, violating state consumer protection laws. As a result, Navient's stock has fallen over 5% on substantial trading volume. Investors holding stock, options, or derivatives are encouraged to contact Labaton Sucharow for further discussions.

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Rosen Law Firm is investigating potential securities claims against Navient Corporation (NASDAQ: NAVI) following allegations of misleading business practices. The New Jersey Attorney General filed a lawsuit on October 20, 2020, alleging that Navient engaged in deceptive conduct when servicing student loans for New Jersey consumers. This news caused Navient's stock to drop over 7%, closing at $9.18 on October 21, 2020. Rosen Law Firm is preparing a class action lawsuit to recover losses for investors who purchased shares of Navient.

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Labaton Sucharow announces an investigation into Navient (NAVI) on behalf of its purchasers, following a lawsuit from the New Jersey Attorney General. The suit claims Navient employed 'deceptive' practices to increase profits while servicing student loans, allegedly violating New Jersey's consumer protection laws. As a result of this news, Navient's stock dropped over 5% on significant trading volume. Current shareholders, options, or derivatives holders are encouraged to contact Labaton Sucharow for further information.

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Labaton Sucharow has launched an investigation into Navient (NAVI) after New Jersey Attorney General Gurbir Grewal filed a lawsuit on October 21. The lawsuit accuses Navient of employing 'deceptive' practices in managing student loans, violating consumer protection laws. Following the announcement, Navient's stock declined over 5% with significant trading volume. Investors holding Navient securities have been urged to contact Labaton Sucharow for more information regarding the legal issues and their potential implications.

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FAQ

What is the current stock price of Navient Corporation (NAVI)?

The current stock price of Navient Corporation (NAVI) is $14.93 as of November 21, 2024.

What is the market cap of Navient Corporation (NAVI)?

The market cap of Navient Corporation (NAVI) is approximately 1.6B.

What does Navient Corporation do?

Navient Corporation provides loan management, servicing, and asset recovery services. They offer technology-enabled education finance and business processing solutions.

How many student loans does Navient manage?

Navient manages more than $300 billion in student loans, assisting over 12 million Americans.

What are the main business segments of Navient?

Navient operates in three main segments: Federal Education Loans, Consumer Lending, and Business Processing.

What recent strategic actions has Navient taken?

Navient has outsourced its student loan servicing to MOHELA, is exploring options for its business processing division, and is streamlining its corporate functions to enhance flexibility and reduce expenses.

How does Navient support its clients?

Navient offers customer-focused, data-driven services that simplify complex programs, delivering exceptional results for clients in education, healthcare, and government sectors.

How can investors get updates from Navient?

Investors can join Navient's quarterly earnings calls and live audio webcasts for the latest financial updates. Information is available on Navient's investor website at Navient.com/investors.

Who can I contact for investor relations at Navient?

For investor relations, you can contact Jen Earyes at 703-984-6801 or via email at jen.earyes@navient.com.

When is the next Navient financial results webcast?

The next financial results webcast is scheduled for April 24, 2024, at 8:00 a.m. ET to review its first-quarter results.

Where can I find Navient's latest news and updates?

The latest news and updates about Navient can be found on their official website at Navient.com.

What impact will the new strategic actions have on Navient's expenses?

The recent strategic actions are expected to significantly reduce Navient's expense base and increase operational efficiency, potentially eliminating approximately $400 million in annual operating expenses.

Navient Corporation

Nasdaq:NAVI

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NAVI Stock Data

1.61B
104.43M
2.4%
103.46%
7.22%
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