The stock of the student loan specialist breaks out of the base and reaches a new all-time high!
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Nelnet operates a platform for loan management and payment processing. It is known among other things for processing student loans in the USA. Currently, the company is leveraging its well-performing traditional lending business to build new pillars, such as through investments in software solutions. On November 6, the company impressed with strong Q3 numbers that surpassed expectations. Revenue was $427 million, while EPS was $2.95. The company benefited not only from a contract upgrade with the US Department of Education but also from lower provisions...
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