NavientNASDAQ: NAVI

Navient Corporation (NASDAQ:NAVI ) Q3 2024 Results Conference Call October 30, 2024 8:00 AM ET Company Participants Jen Earyes - IR David Yowan - CEO Joe Fisher - CFO Conference Call Participants Bill Ryan - Seaport Research Partners Sanjay Sakhrani - KBW Rick Shane - JPMorgan Mark DeVries - Deutsche Bank Terry Ma - Barclays Moshe Orenbuch - TD Cowen Nate Richam - Bank of America Jeff Adelson - Morgan Stanley Ryan Shelly - Bank of America Operator Good day, and thank you for standing by. Welcome to the Navient Third Quarter 2024 Earnings Call.

A surge in other income and a decline in provisions support NAVI's Q3 2024 results. Lower NII and higher expenses are headwinds.

Although the revenue and EPS for Navient (NAVI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

HERNDON, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today posted its 2024 third quarter financial results. Complete financial results are available on the company's website at Navient.com/investors. The materials will also be available on a Form 8-K on the SEC's website at www.sec.gov.

Lower fee income is likely to hurt NAVI's Q3 2024 results. A sequential increase in NII and cost control measures are set to offer support.

Navient (NAVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

HERNDON, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) has been recognized for the third year as a Best Place to Work for Working Daughters, according to Working Daughter, a community for women balancing eldercare with their careers. The annual list recognizes companies that support family caregivers and also raises awareness of how businesses help make caregiving and professional success compatible.

HERNDON, Va., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) will host an audio webcast to review its 2024 third quarter financial results on Wednesday, Oct. 30, 2024, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov.

The CFPB issues an order against NAVI to permanently ban it from servicing federal direct loans. Navient needs to pay $120 million to settle the CFPB's claims.