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.
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.
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.
FAQ
What is the current stock price of Bread Financial Holdings (BFH)?
What is the market cap of Bread Financial Holdings (BFH)?
What services does Bread Financial offer?
What is the main business unit of Bread Financial?
Who are some of Bread Financial's notable clients?
What is Epsilon's role within Bread Financial?
What recent achievements has Bread Financial made?
Where is Bread Financial headquartered?
How many employees does Bread Financial have?
What is Bread Financial's approach to technology?
What are some direct-to-consumer products offered by Bread Financial?
Is Bread Financial committed to sustainable business practices?
