Trade Navient Corp - NAVI CFD

Navient Company profile

About Navient Corp

Navient Corporation is a provider of education loan management and business processing solutions for education, healthcare, and Government clients at the federal, state, and local levels. The Company's segments include Federal Education Loans, Consumer Lending and Business Processing. In the Federal Education Loans segment, the Company owns Federal Family Education Loan Program (FFELP) loans and performs servicing and asset recovery services on this portfolio. In the Consumer Lending segment, the Company owns, originates, acquires and services private education loans. In the Business Processing segment, the Company provides state Governments, agencies, court systems, municipalities, and parking and tolling authorities with service that includes its integrated technology solutions and data-driven approach. This segment also offers healthcare services such as revenue cycle outsourcing, accounts receivable management, extended business office support, and public health programs.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Navient Corp revenues increased 9% to $1.87B. Net income increased 74% to $717M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Gains (losses) on derivative and hedging decrease from $256M (expense) to $64M (income), Gains on sales of loans increase from $0K to $78M (income). Dividend per share remained flat at $0.64.