ADS - ADS STOCK NEWS

Bread Financial (NYSE: ADS) has launched a new co-brand credit card in partnership with Victoria’s Secret while renewing their long-standing private label credit card program. This tech-forward card will utilize Mastercard's network and offers enhanced rewards including 5% back on Victoria's Secret purchases and a $30 activation bonus after $500 spent outside the brand. The card is designed to offer seamless transactions with tap-to-pay technology and improved security features. This expansion aims to enhance customer loyalty and value.

Alliance Data, now rebranded as Bread Financial, reflects its transformation into a tech-forward financial services provider. The company aims to deliver personalized payment, lending, and saving solutions. This rebranding follows a multi-year strategic shift, unifying previous market-facing brands. The stock will trade under the new ticker symbol BFH starting April 4, 2022. Bread Financial combines fintech agility with established banking stability, focusing on direct-to-consumer products to enhance value for partners.

Alliance Data Systems Corporation (NYSE: ADS) recently provided a performance update, highlighting key financial metrics as of February 28, 2022. The end of period receivables stood at $16.8 billion, with average receivables of $16.6 billion indicating a 5% year-over-year increase. Net charge-offs totaled $66 million, equating to 4.8% of average receivables. Additionally, delinquencies over 30 days were reported at $695 million, resulting in a delinquency rate of 4.4% compared to 4.3% a year prior.

Alliance Data Systems Corporation (NYSE: ADS) announced its participation in the Wolfe FinTech Forum on March 9, 2022. The event will feature a fireside chat with EVP and CFO Perry Beberman, scheduled for 9:05 a.m. EST. Interested parties can tune in via live broadcast here or through the company’s website. A recording of the chat will be available for 90 days post-event. Alliance Data specializes in tech-forward payment and lending solutions, aiming to enhance customer loyalty and offer flexible payment options.

Alliance Data Systems Corporation (NYSE: ADS) announced a new stock repurchase program, allowing for the buyback of up to 200,000 shares. This initiative aims to offset dilution from restricted stock units expected to vest in 2023. The share repurchase will occur in the open market, adhering to SEC regulations, with execution conditioned on market circumstances. CFO Perry Beberman emphasized that this reflects the company's commitment to its capital priorities.

Alliance Data Systems Corporation (NYSE: ADS) announced its participation in the KBW Fintech Payments Conference on March 3, 2022. The event will feature a fireside chat with key executives, including President Ralph Andretta and CFO Perry Beberman, starting at 1:10 p.m. EST. The chat will be broadcast live and available for replay for 90 days. As a leading provider of payment and lending solutions, Alliance Data focuses on enhancing customer loyalty through various financial services. The company, headquartered in Columbus, Ohio, recently spun off its LoyaltyOne segment, now known as Loyalty Ventures (Nasdaq: LYLT).

Alliance Data Systems Corporation (NYSE: ADS) reported its performance update for January 2022, revealing key financial metrics. End-of-period receivables totaled $16.97 billion, with an average of $16.87 billion, reflecting a year-over-year increase of 4%. Net charge-offs amounted to $64.4 million, representing 4.6% of average receivables. The delinquency rate improved slightly to 4.2% from 4.3% a year earlier, while 30+ days delinquent principal reached $680.67 million. Overall, the report indicates stable performance amid ongoing market challenges.

Sezzle Inc. reported strong financial results for the fourth quarter of 2021, highlighted by a 74.9% year-over-year increase in Underlying Merchant Sales (UMS) to $561.0 million. Total Income rose 49.1% YoY to $32.9 million, marking 5.9% of UMS. Active Merchants surged by 76% to 47,000, and Active Consumers grew by 51.5% to 3.4 million. Notable partnerships were formed with IKEA and Cotopaxi, strengthening Sezzle's market position. Cash on hand increased by $32 million, totaling $78.9 million. Sezzle remains focused on its long-term financing product enhancements through partnerships.

On January 27, 2022, Alliance Data Systems Corporation (NYSE: ADS) released a performance update detailing its net charge-offs and delinquency rates for December 2021. The end of period receivables stood at $17.4 billion, with average receivables increasing by 3% year-over-year. Net charge-offs were reported at $62.2 million for December, translating to 4.5% of average receivables. The delinquency rate improved to 3.9% compared to 4.4% a year prior. The company recently spun off its LoyaltyOne segment, now known as Loyalty Ventures (Nasdaq: LYLT).