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0.000319693094629206 0.000639386189258298 -0.0024936061381074 -0.0038363171355499 -0.0070332480818414 -0.004156010230179 -0.0057544757033248 -0.0028772378516624
Stock impact report

Navient gets new Neutral at BofA coverage on amortization pressure [Seeking Alpha]

Navient Corporation (NAVI) 
Last navient corporation earnings: 4/21 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: navient.com/about/investors
Company Research Source: Seeking Alpha
While the lender holds a legacy portfolio of federal student loans, it's a relatively new entrant in private student lending, where it provides both in-school loans and refinancing. Earlier this month, the Consumer Financial Protection Bureau filed a proposed order that would permanently bar Navient ( NAVI ) from servicing federal direct loans. The CFPB said the company pushed many student-loan borrowers to take costly repayment options. "NAVI's fundamentals have been pressured given its large amortizing holdings, but we think it is taking necessary steps to turn the corner," analyst Nathaniel Richam-Odoi wrote in a note to clients. "That said, the new strategy comes with execution risk, which we believe is reflected in the stock price." It will take time for Navient ( NAVI ) to build its in-school market business, but the company remains at a disadvantage as ~75% of loans outstanding are held by the top six lenders, Richam-Odoi said. The analyst's Neutral rating contrasts wit Show less Read more
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