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, Inc. (NYSE: BFH) will participate in the Barclays Global Financial Services Conference on September 12, 2022. The event features presentations by Ralph Andretta (CEO), Perry Beberman (CFO), and Val Greer (CCO) at 8:15 a.m. EDT. The live presentation will be available here and on the company's investor relations website. A recording will be accessible for 180 days post-event. Bread Financial is committed to delivering personalized financial solutions.
Bread Financial Holdings (NYSE: BFH) provided a performance update highlighting key metrics for July 2022. The company reported an end-of-period credit card and other loans totaling $17,884 million, up from $15,916 million in July 2021. The average loans also rose by 12%, amounting to $17,471 million. Notably, the net loss rate increased to 4.5% from 4.2% due to a planned transition in credit card processing services, which affected both the net loss rate and delinquency rate, recorded at 4.8%.
Bread Financial Holdings (NYSE: BFH) has released a performance update, highlighting key metrics as of June 30, 2022. The company reported end-of-period credit card and other loans totaling $17,769 million, with an average loan amount of $17,298 million, reflecting a 12% year-over-year increase. However, net principal losses reached $77 million, representing 5.4% of average loans. Additionally, the delinquency rate grew to 4.4%, compared to 3.3% the previous year. These figures indicate ongoing challenges in managing credit risk.
Bread Financial (NYSE: BFH) reported its second quarter 2022 financial results, emphasizing its tech-forward approach in providing personalized financial services. The company focuses on payment, lending, and saving solutions, leveraging digital technology and data insights. Key financial metrics and earnings materials are accessible on their investor relations website. A conference call hosted by CEO Ralph Andretta and CFO Perry Beberman is scheduled for 8:30 am EDT today to discuss these results further.
Bread Financial (NYSE: BFH) announced a definitive agreement to acquire the existing AAA credit card portfolio and launch two new credit card products: the AAA Travel Advantage Visa and the AAA Daily Advantage Visa. This partnership aims to provide consumers with enhanced accessibility to AAA rewards, addressing the needs of over 56 million AAA members. The new cards are designed to deliver tangible rewards on everyday purchases. The transaction is anticipated to close in early Q4 2022, pending customary conditions.
Bread Financial Holdings, Inc. (NYSE: BFH) declared a quarterly cash dividend of $0.21 per share, payable on September 16, 2022, to shareholders on record as of August 12, 2022. The company focuses on providing tech-driven financial services, including payment, lending, and savings solutions. With a commitment to sustainable practices and a digital-first approach, Bread Financial seeks to enhance customer experiences and financial flexibility.
Bread Financial Holdings (NYSE: BFH) will host a conference call on Thursday, July 28, 2022, at 8:30 a.m. ET to discuss its second quarter 2022 results. Interested participants can register in advance and access the call via Bread Financial's website. A replay will be available for two weeks post-call. As a tech-forward financial services company, Bread Financial delivers innovative payment, lending, and saving solutions, aiming to enhance customer experiences and drive growth through its diverse product offerings.
Bread Financial Holdings (NYSE: BFH) reported significant updates regarding its financial performance as of May 31, 2022. End-of-period credit card and other loans totaled $17,515 million, reflecting a year-over-year increase of 12%. However, net principal losses reached $88 million, representing a substantial rise from $361 million in the previous period. The delinquency rate also increased to 4.0%, up from 3.2% year-over-year. Overall, the company's performance indicates challenges in managing credit risks alongside growth in its lending portfolio.
Bread Financial Holdings (NYSE: BFH), a leader in tech-forward payment solutions, will participate in the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2022. The event features a fireside chat with CEO Ralph Andretta, CFO Perry Beberman, and CCO Val Greer at 4:00 p.m. EDT. The session will be available for live streaming here or through breadfinancial.com. A recording will be accessible for 90 days post-event. For more information, visit Bread Financial.
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