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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.

News

Boys & Girls Clubs of Delaware, Navient to host May 4 college planning conference

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Boys & Girls Clubs of Delaware and Navient are collaborating to host a college planning conference on May 4, 2024, to provide career and college planning resources for young people and their families. The event will feature informational seminars on financial aid, scholarships, and college preparation, along with parental recognition awards and college scholarships. Elected officials, including New Castle County Executive Matt Meyer, will be in attendance to support the initiative.
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Navient posts first quarter 2024 financial results

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Navient, a leader in technology-enabled education finance, posted its 2024 first quarter financial results. The company will host a live webcast for analysts and investors, with the CEO and CFO discussing the results.
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Navient to announce first quarter 2024 results, host earnings webcast April 24

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Navient (NAVI) will host an audio webcast to discuss its 2024 first quarter financial results on April 24, 2024. The results will be released at 7:00 a.m. Eastern Time on Navient.com/investors and filed with the SEC on Form 8-K. Analysts and investors can pre-register to ask questions during the webcast.
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Duncan Solutions Appoints Jason Sutton as Senior Vice President, Parking and Mobility Solutions

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Duncan Solutions appoints Jason Sutton as Senior Vice President of Parking and Mobility Solutions, showcasing his extensive experience and innovation in the industry. The company highlights his role in driving growth, client service, solution evolution, partnership expansion, and redefining mobility.
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Navient declares first quarter common stock dividend

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Navient (NAVI) declares a first quarter 2024 dividend of $0.16 per share on common stock, payable on March 15, 2024, to shareholders of record on March 1, 2024.
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Earnest and FinWise Bank Announce Strategic Partnership to Support Growing Portfolio of In-School Student Loans

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Earnest partners with FinWise Bank to offer Private Student Loans, emphasizing affordable and responsible financing. The collaboration aims to provide innovative solutions for students and families seeking education funding, backed by FinWise Bank's regulatory expertise and Earnest's exceptional customer support.
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Navient posts fourth quarter 2023 financial results

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Navient (Nasdaq: NAVI) has released its 2023 fourth quarter financial results, which are available on the company’s website and the SEC’s website. The company will also hold a live audio webcast to provide in-depth commentary on the results and discuss its financial performance.
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Navient announces strategic actions following in-depth business review

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Navient (NAVI) announced strategic actions to simplify the company, including outsourcing student loan servicing, exploring strategic options for the business processing division, and streamlining shared service infrastructure and corporate footprint. The company aims to reduce its expense base and increase financial and operating flexibility.
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Navient to announce fourth quarter 2023 results and provide in-depth review update on Jan. 31 webcast

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Navient (NAVI) will host an audio webcast to review its 2023 fourth quarter financial results and provide an update on its in-depth review on Wednesday, Jan. 31, 2024, at 8 a.m. Eastern Time. Materials will be available in advance of the Jan. 31 webcast on the company’s investor website at Navient.com/investors. In addition, materials will also be available at SEC.gov.
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Navient recognized as Adoption Advocate by Dave Thomas Foundation for Adoption

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Navient (Nasdaq: NAVI) has been recognized as an Adoption Advocate by the Dave Thomas Foundation for Adoption, showcasing its commitment to supporting working adoptive parents through robust adoption benefits programs. The company's dedication to employees' adoption journeys is evident through financial assistance, access to valuable resources like Maven, and a focus on emotional well-being for both parents and children. This honor reaffirms Navient's commitment to fostering a culture of support and compassion, championing initiatives that make a real difference in the lives of families.
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FAQ

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

The current stock price of Navient Corporation (NAVI) is $14.02 as of February 21, 2025.

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

The market cap of Navient Corporation (NAVI) is approximately 1.5B.

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.
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Navient Corporation

Nasdaq:NAVI

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NAVI Stock Data

1.45B
100.21M
2.38%
103.1%
7.88%
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