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) has released a performance update detailing its credit card and loan metrics as of March 31, 2023. The total end-of-period credit card and other loans stood at $18.06 billion, with an average of $17.70 billion for the month, reflecting a 17% year-over-year increase. However, the net principal losses reached $99 million, with a net loss rate of 6.7%. Additionally, the delinquency rate was reported at 5.7%, up from 4.1% in the previous year. The results were notably impacted by the transition of their credit card processing services and the sale of their BJ's Wholesale Club credit card portfolio. Bread Financial, based in Columbus, Ohio, aims to enhance financial services through personalized solutions.
Bread Financial Holdings, Inc. (NYSE: BFH) released its first quarter 2023 financial results. The company focuses on tech-driven payment, lending, and saving solutions. A conference call is scheduled for 8:30 a.m. ET to discuss the results, with materials available on the investor relations website. Headquartered in Columbus, Ohio, Bread Financial aims to enhance customer experiences through innovative financial products, including private label and co-brand credit cards and buy now, pay later solutions. The company is committed to sustainability and operates with a workforce exceeding 7,500 associates. For more information, visit BreadFinancial.com.
Bread Financial Holdings, Inc. (NYSE: BFH) has declared a quarterly cash dividend of $0.21 per share on its common stock. This dividend will be payable on June 16, 2023, to shareholders of record as of the close of business on May 12, 2023.
Based in Columbus, Ohio, Bread Financial is a tech-forward financial services company that provides personalized payment, lending, and saving solutions. The company aims to enhance customer experiences through digital solutions and a comprehensive product suite including credit cards and buy now, pay later options.
This dividend reflects the company’s ongoing commitment to returning value to its shareholders while maintaining its focus on sustainable and technologically-driven growth.
Bread Financial (NYSE: BFH) announced the awarding of $1 million in grants aimed at enhancing financial wellness for low to moderate income consumers across the United States. Over 165 applications were submitted, highlighting the competitive nature of the selection process. The grants, ranging from $20,000 to $100,000, are intended for organizations that align with Bread Financial's mission of economic equality and financial education.
The initiatives supported by these grants aim for significant outcomes, such as an average savings increase to $8,000 and employment for 81% of program graduates at an average wage of $20.80 per hour. This funding increases the company’s commitment to financial wellness initiatives to a total of $3.5 million.
Bread Financial Holdings, Inc. (NYSE: BFH) will host a conference call on April 27, 2023, at 8:30 a.m. ET to discuss its first quarter 2023 results. Participants can register for the call and access slides on the company’s investor relations website. A replay will be available starting two hours after the call until May 11, 2023, at 11:59 p.m. ET. Bread Financial focuses on offering personalized payment, lending, and saving solutions through a tech-forward approach, aiming to provide customers with financial flexibility and exceptional experiences.
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