NAVI / Student Loan Stocks Drop Ahead of Restart of Payments

A fall in total other income and higher costs hinder Navient's (NAVI) third-quarter 2023 earnings. However, a rise in core NII acts as a tailwind. more_horizontal

Navient Corporation. (NASDAQ:NAVI ) Q3 2023 Earnings Conference Call October 25, 2023 8:00 AM ET Company Participants Jen Earyes - VP, IR Dave Yowan - more_horizontal

Navient's (NAVI) Q3 earnings results are likely to reflect sequential improvement in net interest income, as well as asset recovery and business proce more_horizontal

HERNDON, Va., Oct. 11, 2023 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solut more_horizontal

Stocks of companies related to student loans have experienced a drop in value ahead of the restart of student loan payments after a three-year pause a more_horizontal

A fall in core NII and total other income, and higher expenses hinder Navient's (NAVI) second-quarter 2023 earnings. more_horizontal

Navient (NAVI) came out with quarterly earnings of $0.70 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings more_horizontal

Declining NII, weakening loan demand, and a rise in expenses are likely to affect Navient's (NAVI) Q2 results. Nonetheless, growth in fee income is li more_horizontal