Navient reports Q2 core EPS 20c, consensus 27c

“Our second quarter results show strong momentum in loan origination growth, with over $1 billion in originations so far this year – nearly double the first half of last year,” said David Yowan, president and CEO of Navient (NAVI). “The ambitious expense reduction target we set 18 months ago is within our reach, with much of the savings evident in our results. We are demonstrating our capabilities and capacity both to grow meaningfully across our product set and to reduce our expense base.”