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Bread Financial Holdings, Inc. - BFH STOCK NEWS

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.

News

Bread Financial Names New Chief Technology Officer

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Allegra Driscoll, a veteran technology executive with 20+ years of experience in leading tech strategy and implementation at top global financial service companies, joins Bread Financial as Executive Vice President and CTO. She brings a proven track record of driving business outcomes and leading large-scale transformation and innovation initiatives. Driscoll's collaborative style and deep understanding of financial services will be instrumental in continuing Bread Financial's tech innovation and modernization.
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Bread Financial™ Schedules Fourth Quarter and Full Year 2023 Earnings Conference Call for Jan. 25

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Bread Financial Holdings, a tech-forward financial services company (NYSE: BFH), will host a conference call on Thursday, Jan. 25, 2024, at 8:30 a.m. ET to discuss the company’s fourth quarter and full year 2023 results. The call will be available at the company’s investor relations website and will include slides. A replay of the conference call will be available until Feb. 8, 2024.
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Bread FinancialTM Announces Pricing and Upsize of Private Offering of $300 Million of Additional 9.750% Senior Notes Due 2029

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Bread Financial Holdings, Inc. (NYSE: BFH) announced the pricing and upsize of its offering of an additional $300 million in aggregate principal amount of its 9.750% senior notes due 2029. The offering reflects an increase of $100 million from the previously announced offering size of $200 million. The closing of the issuance of the Additional Notes is expected to occur on January 19, 2023, and is expected to result in approximately $300 million in net proceeds to the Company. The Company intends to use the net proceeds to fund the redemption of its outstanding 7.000% Senior Notes due 2026 and pay related fees, premiums, and expenses.
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Bread FinancialTM Announces Private Offering of Additional 9.750% Senior Notes Due 2029

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Bread Financial Holdings, Inc. (NYSE: BFH) announced a private offering of $200 million aggregate principal amount of its 9.750% Senior Notes due 2029. The company intends to use the net proceeds to fund the redemption of a portion of its outstanding 7.000% Senior Notes due 2026 and pay related fees, premiums, and expenses. The offering is subject to market and other conditions, and the Notes will not be registered under the Securities Act.
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Bread Financial™ Announces Pricing and Upsize of Private Offering of $600 Million of Senior Notes

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Bread Financial Holdings, Inc. (NYSE: BFH) announced the pricing and upsize of its offering of $600 million in aggregate principal amount of its 9.750% senior notes due 2029. The company intends to use the net proceeds to fund the redemption of its outstanding 4.750% Senior Notes due 2024, repay existing term loans, and pay related fees, premiums, and expenses.
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Bread Financial™ Provides Performance Update for November 2023

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Bread Financial Holdings, a tech-forward financial services company (NYSE: BFH), reported a net loss rate of 7.9% and a delinquency rate of 6.5% for the month ended November 30, 2023, reflecting an 8% year-over-year decrease in average credit card and other loans. The company also disclosed a net principal loss of $120 million, up from $100 million in the same period last year. These figures were impacted by the transition of credit card processing services in June 2022.
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Bread Financial™ Announces Private Offering of Senior Notes

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Bread Financial Holdings, Inc. (NYSE: BFH) announced a $500 million aggregate principal amount of senior notes offering to fund redemption of outstanding senior notes and repayment of existing term loans. The offering is subject to market and other conditions, with no assurance of completion.
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Bread Financial™ to Participate in the Goldman Sachs U.S. Financial Services Conference

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Bread Financial Holdings, a tech-forward financial services company (NYSE: BFH), will participate in the Goldman Sachs U.S. Financial Services Conference on Dec. 6. President and CEO Ralph Andretta, along with CFO Perry Beberman and CCO Val Greer, will present and engage in a fireside chat at 1:40 p.m. ET. The event will be broadcast live and accessible through Bread Financial's investor relations website, with a 90-day replay available.
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Bread FinancialTM Obtains Inaugural Holding Company Issuer Credit Ratings

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Bread Financial Holdings, Inc. (BFH) has obtained inaugural Holding Company issuer credit ratings from Fitch, Moody’s, and S&P Global, with stable outlooks. The ratings are as follows: Fitch BB-, Moody’s Ba3, S&P Global BB-. This marks a significant milestone in the company's transformation, reflecting progress in strengthening its balance sheet, capital metric improvement, and debt reduction. The company aims to enhance funding flexibility, strengthen financial resilience, and drive long-term value creation.
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ROX Receives $1.8 Million Gift from Bread FinancialTM to Address the Confidence, Leadership and Social Media Crisis Facing Girls

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ROX (Ruling Our eXperiences) secures a $1.8 million investment from Bread Financial to expand school-based empowerment programs for girls to all 50 states. The program, currently operating in 30 states, aims to address confidence and self-esteem decline, increased stress, sadness, and social media use among girls in grades 5-12. The 2023 Girls’ Index report, funded by Bread Financial, highlights the urgency to reach as many girls as possible. The ROX curriculum has reached over 40,000 girls since 2006, teaching skills to navigate challenges in the adolescent years, with positive outcomes reported by participants and school administrators.
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FAQ

What is the current stock price of Bread Financial Holdings (BFH)?

The current stock price of Bread Financial Holdings (BFH) is $62.76 as of December 20, 2024.

What is the market cap of Bread Financial Holdings (BFH)?

The market cap of Bread Financial Holdings (BFH) is approximately 3.1B.

What services does Bread Financial offer?

Bread Financial provides personalized payment, lending, and savings solutions, including private label and co-branded credit cards, loyalty programs, and Bread Pay™ buy now, pay later products.

What is the main business unit of Bread Financial?

The most financially significant unit is its credit card business, partnering with retailers to market Bread Financial's credit cards to their customers.

Who are some of Bread Financial's notable clients?

Notable clients include HSN, J. Crew, and The Buckle, among others.

What is Epsilon's role within Bread Financial?

Epsilon, a segment of Bread Financial, specializes in multi-channel, data-driven technologies and offers services like email marketing, database management, advanced analytics, and strategic consulting to over 2,000 global clients.

What recent achievements has Bread Financial made?

Recent achievements include the launch of innovative financial products and the implementation of share repurchase programs to offset stock unit dilution.

Where is Bread Financial headquartered?

Bread Financial is headquartered in Columbus, Ohio.

How many employees does Bread Financial have?

Bread Financial employs approximately 7,000 global associates.

What is Bread Financial's approach to technology?

Bread Financial adopts a digital-first approach, utilizing data insights and white-label technology to provide growth for its partners.

What are some direct-to-consumer products offered by Bread Financial?

Direct-to-consumer products include the Bread Cashback™ American Express® Credit Card and Bread Savings™ products.

Is Bread Financial committed to sustainable business practices?

Yes, Bread Financial is committed to sustainable business practices and actively promotes financial flexibility and customer empowerment.

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Bread Financial Holdings, Inc.

NYSE:BFH

BFH Rankings

#1637 Ranked by Market Cap
#1660 Ranked by Dividends

BFH Stock Data

3.08B
49.31M
0.7%
105.35%
6.32%
Credit Services
Personal Credit Institutions
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United States of America
COLUMBUS