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鈥檚 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.
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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.
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.
Navient (NASDAQ: NAVI) released its third-quarter financial results on October 20, 2020. The complete financial report is accessible on the company's investor website. The conference call for discussing the results is scheduled for October 21, 2020 at 8 a.m. ET, featuring CEO Jack Remondi and CFO Joe Fisher. Participants can join via phone or access the live audio webcast on Navient's website. A replay of the conference will be available for a limited time post-call.
Navient (Nasdaq: NAVI) has settled a lawsuit with the American Federation of Teachers, enhancing public service workers' access to the Public Service Loan Forgiveness program. The U.S. District Court approved the agreement, which includes a $2.25 million contribution to a nonprofit for education and counseling services. Enhancements will also be implemented in Navient's call center to improve borrower awareness and support. This settlement aims to simplify the complex loan forgiveness process established in 2007.
Navient (Nasdaq: NAVI), a provider of education loan management solutions, is set to release its 2020 third-quarter financial results after market close on October 20, 2020. A conference call will follow on October 21, 2020 at 8 a.m. ET to discuss the results. Investors will be notified via a news release and can access the live audio webcast through Navient's investor website. Supplemental financial data will accompany the call, and a replay will be available post-event. Navient offers services to educational, healthcare, and government clients.
Navient (Nasdaq: NAVI) has appointed Joe Fisher as the new executive vice president and chief financial officer, effective October 7, 2020. Fisher, who has been with Navient since 2002, has previously served as the vice president of investor relations and corporate development, leading the investor relations team since 2014. The appointment is expected to enhance the company鈥檚 leadership in education loan management and business processing. Fisher's deep knowledge of Navient鈥檚 operations and strategy is anticipated to benefit the firm as it continues to support clients across various sectors.
Navient Foundation has donated $10,000 to the Osterhout Free Library to support children's literacy programs. This contribution aims to enhance literacy initiatives, especially after the disruption caused by the coronavirus pandemic. The funding will assist in purchasing books, toys, and materials for various educational activities. The library has offered virtual programs during the pandemic, promoting reading among children. The partnership underscores Navient's commitment to community support and education.
Navient (Nasdaq: NAVI) announced that President and CEO Jack Remondi will participate in a virtual fireside chat at the Barclays 2020 Global Financial Services Conference on September 14, 2020, at 1:15 p.m. ET. A live video webcast will be available on Navient.com/investors, with a replay accessible two hours post-presentation until September 28. As a leading provider of education loan management and business processing solutions, Navient supports clients in various sectors. Further details and materials will be provided during the event.
Navient (Nasdaq: NAVI) announced a third quarter dividend of $0.16 per share on August 7, 2020. This dividend will be payable on September 18, 2020, to shareholders of record as of September 4, 2020.
As a leader in education loan management and business processing solutions, Navient continues to support clients in education, healthcare, and government sectors.
Navient (NAVI) released its Q2 2020 financial results on July 21, highlighting its role in education loan management and business processing. A conference call is scheduled for July 22 at 8 a.m. ET, featuring CEO Jack Remondi and acting CFO Ted Morris. The call can be accessed via phone or a live audio webcast on the company鈥檚 investor page. Supplemental financial materials will be available during the call. For additional information, the complete financial results are accessible on Navient's website and also filed with the SEC.
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