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) 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.
Bread Financial Holdings, Inc. (NYSE: BFH) has announced its performance update for the month and four months ending April 30, 2022. The company reported end-of-period loans totaling $17.215 billion, marking a 10% year-over-year increase. Net charge-offs for the month amounted to $73 million, with a 5.2% charge-off rate. The 30-day delinquencies stood at $638 million, resulting in a 3.9% delinquency rate. Overall, the data presents a mixed outlook on the company's financial health, highlighting both growth in loans and concerns regarding delinquencies and charge-offs.
Bread Financial Holdings (NYSE: BFH) announced its performance update, highlighting key financial metrics as of March 31, 2022. The company reported end-of-period credit card and other loans at $16,843 million, a 7% year-over-year increase. Net charge-offs for the month stood at $69 million (5.0% of loans), while the delinquency rate rose to 4.1%. Comparatively, the same period last year saw net charge-offs of $199 million (4.8% of loans) and a 3.8% delinquency rate. This update demonstrates Bread Financial's growth amid increasing credit challenges.
Bread Financial (NYSE: BFH) reported its Q1 2022 financial results, emphasizing its commitment to tech-forward financial services. The company's suite includes personalized payment, lending, and saving solutions. Detailed earnings materials are available on their investor relations website. A conference call discussing the results took place at 8:30 am EDT. Previously known as Alliance Data, Bread Financial aims to deliver growth through innovative solutions. Visit their official website for more information.
Bread Financial Holdings, Inc. (NYSE: BFH) has declared a quarterly cash dividend of
Caesars Entertainment, in partnership with Bread Financial, has launched an upgraded Caesars Rewards Visa card program, enhancing customer loyalty by allowing members to earn both Reward Credits and Tier Credits with purchases. This new initiative offers several bonuses, including 2,500 Tier Credits upon card activation and 10,000 Reward Credits after spending $1,000 within 90 days. With over 65 million members, the Caesars Rewards program is the largest in the gaming industry, providing exclusive benefits across its destinations.
Bread Financial (NYSE: BFH) has rebranded its consumer deposit brand from Comenity Direct to Bread Savings. This change aligns with its recent corporate rebranding and aims to reflect its commitment to innovative financial solutions. Bread Savings offers attractive rates, including 1.5% APY on one-year CDs and 1% APY on high-yield savings accounts, all while ensuring FDIC insurance and no hidden fees. The company emphasizes exceptional customer service and an easy account opening process, designed to help customers effectively save and grow their money.
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