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) has announced its performance update for October 2022, highlighting key metrics in credit card and loan operations. As of October 31, 2022, the end-of-period credit card and loan balances reached $19.88 billion, a significant increase from $15.98 billion in 2021. The average loan amounts also rose by 23% year-over-year. However, the net loss rate increased to 6.1% compared to 4.1% in the previous year, indicating rising credit risk.
Bread Financial Holdings, Inc. (NYSE: BFH) announced its participation in the Stephens Annual Investment Conference on November 17, 2022, with EVP and CFO Perry Beberman participating in a fireside chat. This event begins at 9:00 a.m. EST and will be broadcast live, with a replay available for 90 days post-presentation. Bread Financial, headquartered in Columbus, Ohio, focuses on offering tech-driven financial services, including payment, lending, and savings solutions, aimed at improving customer experience and providing financial flexibility.
Bread Financial Holdings, Inc. (NYSE: BFH) provided a performance update, revealing key metrics as of September 30, 2022. The end-of-period credit card and other loans reached $18.126 billion, while average loans were $17.720 billion, marking a 16% year-over-year increase. However, net principal losses totaled $74 million for the last month, resulting in a net loss rate of 5.0% and a delinquency rate of 5.7%, up from 3.8% the previous year. These figures reflect the impact of transitioning credit card processing services.
Bread Financial (NYSE: BFH) reported its third quarter 2022 financial results. The company focuses on tech-forward financial services, offering personalized payment, lending, and saving solutions. A conference call will be held at 8:30 am EDT to discuss these results. Investors can find the detailed earnings materials on the company's investor relations website. Bread Financial aims to empower customers through a digital-first approach and a comprehensive product suite, including credit cards and savings solutions.
Bread Financial Holdings, Inc. (NYSE: BFH) has declared a quarterly cash dividend of $0.21 per share, payable on December 16, 2022, to stockholders of record by November 14, 2022. This dividend illustrates the company’s commitment to returning value to its shareholders while continuing to provide personalized financial services. With a tech-forward approach, Bread Financial offers various financial solutions, enabling greater access and financial flexibility for its customers.
Bread Financial (NYSE: BFH) will host a conference call on October 27, 2022, at 8:30 a.m. ET to discuss its Q3 2022 results. Participants can register in advance here. Insights will cover operating performance and future outlook, contributing to the financial services sector through payment and lending solutions. The replay will be available until November 10, 2022.
Bread Financial (NYSE: BFH) announced a donation to The Nature Conservancy to support sustainable forest management and financial wellness in low-to-moderate income communities in Appalachia. This marks the second consecutive year of their support. The donation also funds clean energy projects in India aimed at renewable energy goals. Their efforts align with TNC's climate initiatives, including the Family Forest Carbon Program and the Mining the Sun initiative, which create eco-friendly economic opportunities while mitigating climate change risks.
Bread Financial Holdings, Inc. (NYSE: BFH) released a performance update highlighting key metrics as of August 31, 2022. The end-of-period credit card and other loans reached $18,020 million, marking a 13% year-over-year increase in average loans. However, net principal losses rose to $78 million from $52 million, and the net loss rate increased to 5.3% from 4.0%. The delinquency rate also rose to 5.3% compared to 3.6% a year prior. The increase in delinquencies was impacted by a planned transition of credit card processing services, with expectations of insignificant impacts moving forward.
Marqeta (NASDAQ: MQ) has partnered with Bread Financial (NYSE: BFH) to introduce the Bread Pay One-Time Use Card, enhancing in-store payment options. This card allows consumers to access flexible payment solutions like Pay in 4 and installment loans seamlessly during checkout without the need for third-party apps. A 2021 survey indicated that 47% of consumers had used a Buy Now, Pay Later (BNPL) solution, showing growing interest. Marqeta's platform supports over 600 merchants, providing key features including virtual card issuance and tokenization.
Stand Up for Heroes (SUFH), presented by the Bob Woodruff Foundation and the New York Comedy Festival, will take place on November 7, 2022, at David Geffen Hall, Lincoln Center. The event honors veterans with performances from notable artists such as Bruce Springsteen and The Lumineers. SUFH has raised over $65 million since its inception, funding initiatives to support veterans and their families. Bread Financial (NYSE: BFH) is a major sponsor, emphasizing its commitment to veteran financial wellness amid challenges like food insecurity. Tickets go on sale September 7.
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