Welcome to our dedicated page for Bread Financial Holdings news (Ticker: BFH), a resource for investors and traders seeking the latest updates and insights on Bread Financial Holdings stock.
Bread Financial Holdings, Inc. (NYSE: BFH) is a tech-forward financial services company headquartered in Columbus, Ohio, dedicated to providing simplified and personalized payment, lending, and savings solutions. Formed through the combination of JCPenney's credit card processing unit and The Limited's credit card bank business, Bread Financial has grown to become a leader in private label and co-branded credit cards, loyalty programs, and marketing services.
At its core, Bread Financial partners with retailers to offer customized credit card programs that enhance consumer spending and loyalty. Notable clients include HSN, J. Crew, and The Buckle. The company's data-driven marketing strategies are designed to engage nearly 25 million cardholders daily across various touchpoints like traditional, digital, and mobile platforms.
The company's most significant financial unit is its credit card business, where it collaborates with retailers to market Bread Financial's credit cards to their customers. Additionally, Bread Financial owns a minority interest in its recently spun-off LoyaltyOne division, which operates Canada's largest airline miles loyalty program and provides marketing services to grocery chains in Europe and Asia.
Epsilon, a key segment of Bread Financial, excels in multi-channel, data-driven technologies, and marketing services. Epsilon offers a comprehensive suite of services, including email marketing, database management, advanced analytics, and strategic consulting to over 2,000 global clients.
Driven by a digital-first approach, Bread Financial leverages data insights and white-label technology to deliver growth for its partners. Its comprehensive suite includes private label and co-branded credit cards, Bread Pay™ buy now, pay later products, and direct-to-consumer products such as the Bread Cashback™ American Express® Credit Card and Bread Savings™ products.
The company employs approximately 7,000 global associates and is committed to sustainable business practices. Recent achievements include the introduction of innovative financial products and strategic share repurchase programs to offset the impact of dilution from employee stock units. Bread Financial remains focused on providing exceptional customer experiences and fostering financial flexibility and empowerment through digitally enabled choices.
For more information, visit Bread Financial's official website or follow them on social media platforms like Facebook, LinkedIn, Twitter/X, and Instagram.
Bread Financial Holdings (NYSE: BFH) announced its fourth quarter and full year 2022 financial results, highlighting its tech-forward approach to financial services. The company offers payment, lending, and saving solutions to enhance customer experience and financial flexibility. Key executives Ralph Andretta and Perry Beberman will discuss the results in a conference call at 8:30 a.m. EST. Earnings materials are available on their investor relations website. With over 6,000 associates, Bread Financial is committed to sustainable practices and innovative digital solutions, including private label and co-brand credit cards.
Bread Financial (NYSE: BFH) has entered a multi-year co-brand credit card agreement with the New York Yankees, set to launch before the 2023 MLB season. The New York Yankees Mastercard will offer cardholders 5% back on purchases at Yankee Stadium, 3% on dining and transit, and 1% on all other purchases. The Pinstripe Rewards program will allow users to redeem points for game tickets and exclusive experiences. Utilizing digital features like in-stadium QR codes, fans can apply and add the card to their digital wallets seamlessly. This partnership aims to enhance fan engagement and loyalty.
Bread Financial Holdings (NYSE: BFH) has declared a quarterly cash dividend of $0.21 per share, set to be paid on March 17, 2023. The payment is to be made to stockholders on record as of February 10, 2023. This move reflects the company's ongoing commitment to returning value to shareholders while providing personalized payment, lending, and saving solutions. Headquartered in Columbus, Ohio, Bread Financial focuses on digital-first financial services and aims to create opportunities for its partners and customers through innovative and flexible financial products.
Bread Financial CEO Ralph Andretta has joined the Women's Sports Foundation Board of Trustees, alongside ESPN's Rosetta Ellis-Pilie, Olympic Gold Medalist Brenda Villa, and Nike's Vanessa Wallace. This diverse group aims to enhance gender equity in sports. Under Andretta's leadership since February 2020, Bread Financial has undergone significant transformations focused on corporate responsibility and diversity initiatives. The Women's Sports Foundation champions girls’ and women’s participation in sports, having invested over $100 million since its inception. The appointment of these Trustees follows the 50th anniversary of Title IX, emphasizing the need for equity in sports.
Bread Financial Holdings, Inc. (NYSE: BFH) will host a conference call on January 26, 2023, at 8:30 a.m. ET to discuss its full-year and fourth-quarter 2022 results. Analysts can register for the Q&A in advance, and the call will be accessible at www.BreadFinancial.com. A replay of the call will be available until February 9, 2023. The company, based in Columbus, Ohio, offers tech-forward payment, lending, and saving solutions to enhance customer experiences.
Bread Financial Holdings (NYSE: BFH) released a performance update revealing key financial metrics for November 2022. The end-of-period loans reached $20.487 billion, a 24% increase year-over-year. Average loans also rose to $19.819 billion, up 24% from the previous year. However, the net loss rate increased to 6.1% from 4.6%, and net principal losses were $100 million, compared to $61 million in November 2021. Delinquency rates also worsened to 5.4% from 3.9%.
Comenity Capital Bank, a subsidiary of Bread Financial (NYSE: BFH), has committed $10 million to the Utah Housing Preservation Fund (UHPF) over 10 years. This funding aims to purchase rental properties and maintain affordable housing for low- to moderate-income families in Utah. UHPF reports that it acquired 276 units in 2022, saving tenants over $3,000 annually on rent. This initiative is crucial amidst the affordable housing crisis, enhancing the living conditions for vulnerable populations across the state.
Bread Financial (NYSE: BFH) has announced a
Bread Financial Holdings, Inc. (NYSE: BFH), a tech-driven financial services firm, will participate in the Goldman Sachs Financial Services Conference on December 7, 2022. The event will feature a presentation from President Ralph Andretta, CFO Perry Beberman, and CCO Val Greer at 2:20 p.m. EST. A live broadcast will be available here and a replay for 90 days post-event. Headquartered in Columbus, Ohio, Bread Financial focuses on personalized payment, lending, and saving solutions, offering various innovative financial products.
Bread Financial (NYSE: BFH) has announced a collaboration with Versatile Credit to enhance financing options for consumers. Through this partnership, Bread Pay's buy now, pay later (BNPL) solutions will be integrated into Versatile Credit's platform, allowing customers to access financing at the point of sale—both online and in-store. This initiative aims to provide customers with more financial flexibility during checkout and expand distribution in key markets such as elective medical and home improvement.
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