Navient gets new Neutral at BofA coverage on amortization pressure [Seeking Alpha]
Navient Corporation (NAVI)
Last navient corporation earnings: 4/21 04:14 pm
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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
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NAVI
News
- Navient Co. (NASDAQ: NAVI) had its price target lowered by analysts at Bank of America Co. from $17.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Navient to Divest Its Government Services Unit to Gallant Capital [Yahoo! Finance]Yahoo! Finance
- Navient to sell Government Services business to Gallant Capital [Yahoo! Finance]Yahoo! Finance
- Navient to sell Government Services business to Gallant CapitalGlobeNewswire
- Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say [Business Insider]Business Insider
NAVI
Earnings
- 10/31/24 - Beat
NAVI
Sec Filings
- 12/26/24 - Form SCHEDULE
- 12/26/24 - Form 8-K
- 12/23/24 - Form 8-K
- NAVI's page on the SEC website