Navient (NAVI) Tops Q2 EPS by 13c

Navient (NASDAQ: NAVI) reported Q2 EPS of $0.91, $0.13 better than the analyst estimate of $0.78.

CEO COMMENTARY – “This quarter’s strong results showcase our ability to successfully meet the needs of our clients and customers, even in a challenging and volatile economic environment,” said Jack Remondi, president and CEO of Navient. “Our planning for the higher- and rising-rate market with both interest-rate hedges and prefunding liquidity have delivered stable margins. Credit performance remains strong, reflecting our data-driven underwriting skills and our overall efforts to improve the stability of our franchise. And our ongoing product and technology investments have helped our teams deliver the innovative products and solutions that our customers and clients value.”

For earnings history and earnings-related data on Navient (NAVI) click here.

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