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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) has appointed David Green as executive vice president of consumer lending, while he continues as CEO of Earnest. Green will oversee Navient’s education financing tools and services offered through the Earnest and NaviRefi brands. His leadership has driven a significant increase in student loan refinancing volume and introduced a new in-school private education loan. He also manages Going Merry, a financial aid platform acquired by Earnest. CEO Jack Remondi expressed excitement about the growth vision for the consumer lending business, a vital component of Navient’s long-term success.

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Navient (Nasdaq: NAVI), a leader in education finance solutions, announced that President and CEO Jack Remondi will speak at the Credit Suisse Annual Financial Services Forum on February 15 at 8:00 a.m. ET. A live audio webcast, along with presentation materials, will be accessible via Navient.com/investors. A replay of the event will be available for about two weeks following the presentation. Navient simplifies education finance and offers technology-enabled solutions to help clients in education, healthcare, and government.

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Earnest, a leading fintech company, has announced the appointment of Leanne Loveday-Smith as Chief People Officer and Meetesh Karia as Chief Technology Officer. These strategic hires aim to enhance the company's growth and improve its services for students. Loveday-Smith brings nearly 20 years of HR experience to foster a community-driven culture, while Karia, with over 25 years in tech, will advance Earnest's technology strategy. Since 2015, Earnest has facilitated over $19.2 billion in student loans, aiding more than 228,000 borrowers, and aims to continue expanding its impact on higher education accessibility.

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Navient (NAVI) announced its fourth quarter financial results for 2022 on January 24, 2023. The comprehensive results can be accessed on their investor website and will also be filed with the SEC. A live audio webcast is scheduled for January 25, 2023, at 8 a.m. ET, where CEO Jack Remondi and CFO Joe Fisher will discuss the results. Analysts and investors can pre-register for questions, while others can join the webcast in listen-only mode. Additional financial information and presentation slides will be shared during the call.

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Navient (NAVI) will announce its financial results for the fourth quarter of 2022 after market close on January 24, 2023. An audio webcast to discuss these results will take place on January 25, 2023, at 8 a.m. Eastern Time. Interested analysts and investors can pre-register for questions, while others can join in listen-only mode without pre-registration. Supplemental financial information will be provided on the investor webpage, with a replay of the webcast available two hours post-event.

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Navient (Nasdaq: NAVI) has announced a fourth quarter 2022 dividend of $0.16 per share on its common stock, approved by its board of directors. This dividend will be paid on December 16, 2022, to shareholders who are on record by December 2, 2022. The company specializes in technology-enabled education finance and business processing solutions, assisting millions in achieving success across various sectors including education and government.

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Navient (NASDAQ: NAVI) reported its 2022 third quarter financial results on October 25, 2022. The complete financial results are accessible on the company's website. Navient will host a live audio webcast on October 26, 2022, at 8 a.m. ET, featuring Jack Remondi, President and CEO, along with CFO Joe Fisher. Analysts and investors can pre-register for questions, while others may join in a listen-only mode. Supplemental financial information will be available during the call, with a replay accessible shortly after the event concludes.

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Navient (NAVI) has announced that it will release its 2022 third quarter financial results after market close on October 25, 2022. An audio webcast will be held on October 26, 2022, at 8 a.m. Eastern Time for analysts and investors to review the results. Those interested in asking questions must pre-register, while others can listen in without prior registration. Supplemental financial information will be available on the investor webpage, and a replay of the webcast will be accessible shortly after the event concludes.

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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

NAVI Rankings

NAVI Stock Data

1.61B
104.43M
2.4%
103.46%
7.22%
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