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Navient Corp (NAVI.OQ)

NAVI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Navient Announces New $500 Mln Share Repurchase Authority
Thursday, 13 Sep 2018 06:38am EDT 

Sept 13 (Reuters) - Navient Corp ::NAVIENT ANNOUNCES NEW $500 MILLION SHARE REPURCHASE AUTHORITY.NAVIENT CORP SAYS BOARD APPROVED A NEW SHARE REPURCHASE PROGRAM FOR UP TO $500 MILLION OF THE COMMON STOCK - SEC FILING.  Full Article

Navient Qtrly Core Earnings Per Share $0.40
Tuesday, 24 Apr 2018 04:15pm EDT 

April 24 (Reuters) - Navient Corp ::NAVIENT POSTS FIRST QUARTER 2018 FINANCIAL RESULTS.QTRLY GAAP EARNINGS PER SHARE $0.47.QTRLY CORE EARNINGS PER SHARE $0.40.QTRLY NET INTEREST INCOME $329 MILLION VERSUS $340 MILLION.Q1 EARNINGS PER SHARE VIEW $0.41 -- THOMSON REUTERS I/B/E/S.QTRLY CORE EARNINGS PER SHARE OF $0.43, EXCLUDING RESTRUCTURING AND REGULATORY-RELATED EXPENSES OF $11 MILLION.  Full Article

Navient Corp reports qtrly earnings per share $0.64
Tuesday, 17 Oct 2017 05:10pm EDT 

Oct 18 (Reuters) - Navient Corp :Navient Corp qtrly earnings per share $0.64 - SEC filing‍​.Navient Corp - qtrly core earnings per share $0.56‍​.Q3 earnings per share view $0.50 -- Thomson Reuters I/B/E/S.Navient Corp - qtrly net interest income $355 million versus $412 million.  Full Article

Navient issues ‍statement on claims made by Pennsylvania AG
Thursday, 5 Oct 2017 12:41pm EDT 

Oct 5 (Reuters) - Navient Corp ::Navient Corp issues ‍statement on claims made by Pennsylvania attorney general​."There are no allegations" that company has violated rules governing student loan program set by Congress and U.S. Department of Education​.  Full Article

Navient announces agreement to acquire Earnest for ‍$155 mln
Wednesday, 4 Oct 2017 04:10pm EDT 

Oct 4 (Reuters) - Navient Corp :Navient announces agreement to acquire Earnest, a leading financial technology and education finance company.Navient Corp - deal for ‍$155 million in cash​.Navient Corp - ‍effective October 4, 2017, Navient will suspend its remaining share repurchase program through year end 2018​.Navient Corp - ‍company's annual dividend of $0.64 per share is unchanged​.Navient Corp - ‍as part of Navient, Earnest will continue as a distinct brand and will be led by its current management team​.Navient Corp - is expected to originate nearly $1 billion in student loan refinancing loans in 2017​.  Full Article

Navient Corp acquires Duncan Solutions for $80 mln
Tuesday, 1 Aug 2017 09:15am EDT 

Aug 1 (Reuters) - Navient Corp :Navient acquires Duncan Solutions, expanding presence in municipal and toll services markets.Transaction was completed for a purchase price of approximately $80 million.As part of Navient, Duncan will continue to be led by its current management team.Employees will continue to work from headquarters location in Milwaukee and other locations around country after deal.  Full Article

Navient Q2 core earnings per share $0.43
Tuesday, 18 Jul 2017 05:34pm EDT 

July 18 (Reuters) - Navient Corp ::Navient posts second quarter 2017 financial results.Q2 earnings per share $0.39.Qtrly core earnings per share $0.43.Qtrly net interest income $351 million versus $429 million.Q2 earnings per share view $0.42, revenue view $337.2 million -- Thomson Reuters I/B/E/S.  Full Article

Navient files for mixed shelf, size undisclosed - sec filing‍​ ‍​
Thursday, 1 Jun 2017 05:05pm EDT 

June 1 (Reuters) - Navient Corp ::Navient Corp files for mixed shelf, size undisclosed - SEC filing‍​ ‍​.  Full Article

Navient reports Q1 earnings per share $0.30
Tuesday, 18 Apr 2017 04:39pm EDT 

April 18 (Reuters) - Navient Corp -:Navient posts first quarter 2017 financial results.Navient Corp qtrly gaap earnings per share $0.30.Navient Corp qtrly diluted core earnings per share $0.36.Navient Corp qtrly net interest income $340 million versus $486 million.Navient Corp qtrly net interest margin of 3.16 percent, down from 3.56 percent.Navient Corp qtrly provision for private education loan losses of $95 million, down from $104 million.Navient Corp qtrly charge-offs of $137 million, down $7 million from $144 million in q1 2016.  Full Article

Navient will acquire about $6.9 bln in education loan assets from JPMorgan Chase
Tuesday, 18 Apr 2017 04:18pm EDT 

April 18 (Reuters) - Jpmorgan Chase & Co ::Navient will acquire approximately $6.9 billion in education loan assets from JPMorgan Chase.Navient Corp says transaction is expected to be accretive to navient in 2017.Navient Corp - portfolio is comprised of approximately $3.7 billion in federally guaranteed student loans.Navient Corp- navient anticipates converting loans to its servicing platforms in future.  Full Article