Company
Navient Corporation
Headquarters: Wilmington, DE, United States
Founded: April 30, 2014
Employees: 4,330
CEO: Mr. John F. Remondi
Market Cap
$2.14 Billion
USD as of Jan. 1, 2024
Navient Corporation Categories
United States Financials Credit ServicesUnited States Financials United States Credit Services
Top Competitors by Market Capitalization
Industry: Credit Services
| Company | Market Cap (USD) |
|---|---|
| Visa | $530.20 B |
| Mastercard | $392.71 B |
| American Express | $136.38 B |
| PayPal | $63.02 B |
| Capital One Financial Corporation | $49.78 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Navient Corporation provides education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels in the United States. It operates through three segments: Federal Education Loans, Consumer Lending, and Business Processing. The company owns Federal Family Education Loan Program (FFELP) loans that are insured or guaranteed by state or not-for-profit agencies; and performs servicing and asset recovery services on its own loan portfolio, as well as asset recovery services on FFELP loans owned by other institutions. It also owns, originates, acquires, and services refinance and in-school private education loans; and offers healthcare services that include revenue cycle outsourcing, accounts receivable management, extended business office support, consulting engagement, and public health programs, as well as business processing services to state governments, agencies, court systems, municipalities, and parking and tolling authorities. In addition, the company provides customizable solutions for its clients that include hospitals, hospital systems, medical centers, large physician groups, other healthcare providers, and public health departments; and corporate liquidity portfolio services. Navient Corporation was founded in 1973 and is headquartered in Wilmington, Delaware.
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Stocks & Indices
Navient Corporation has the following listings and related stock indices.
Stock: NASDAQ: NAVI wb_incandescent
Stock: FSX: 10D wb_incandescent
Key People
John (Jack) F. Remondi (President and CEO) John Kane (Chief Operating Officer) Joe Fisher (Chief Financial Officer) Kelly Christiano (E VP, Consumer Lending) Andy Beamon (Chief Business Development Officer) Steve Hauber (Chief Risk Officer) Mike Maier (Chief Information Officer) Patricia Christel (Chief of Staff) Jerry Maher (Senior Vice President)
Financials
Revenue: $5.18 billion (2017)
Total assets: $146.4 billion (2015)