COLUMBUS, Ohio, July 09, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, will host a conference call on Thursday, July 25, 2024, at 8:30 a.m. ET to discuss the company's second quarter 2024 results. Participants can register in advance here, and the conference call will be available at the company's investor relations website. Analysts planning to participate in the Q&A can re ...

What is Implied Volatility? Clearly, options traders are pricing in a big move for Bread Financial shares, but what is the fundamental picture for the company? Currently, Bread Financial is a Zacks Rank #3 (Hold) in the Financial Transaction Services industry that ranks in the Top 26% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while one has dropped the estimates. The net effect has taken our Zacks Consensus Estimate for th ...

Zacks Rank & Price Performance Earnings Surprise History The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.8% and 0.1% north, respectively, in the past 30 days, reflecting analysts' optimism. Business Tailwinds The company has been strengthening its balance sheet and lowering debt. Notably, its free cash flow conversion Bread Financial Holdings, Inc. (BFH) has been favored by investors on the back of its higher retained earnings, active risk management, solid consumer spending and capital ...

Company Overview - Bread Financial Holdings, Inc. (BFH) is positioned as an intriguing investment choice due to solid earnings estimate revisions and a favorable Zacks Industry Rank [1][2] - The company has experienced positive earnings estimate revisions over the past month, indicating increased analyst optimism regarding its short and long-term prospects [2][5] Industry Context - The Financial Transaction Services industry is currently ranked 56 out of more than 250 industries by Zacks, suggesting a strong position relative to other segments [3] - The industry is experiencing broad trends that are positively impacting securities across the board, which is beneficial for companies like Bread Financial [3][4] Earnings Estimates - Current quarter earnings estimates for Bread Financial have increased from $1.45 per share to $1.50 per share, while current year estimates have risen from $5.58 per share to $5.63 per share [5] - The company holds a Zacks Rank 3 (Hold), which is considered a favorable signal for potential investors [5]

COLUMBUS, Ohio, June 12, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, provided a performance update. The following tables present the Company's net loss rate and delinquency rate for the periods indicated. (1) Beginning in January 2024, we revised the calculation of Average credit card and other loans to more closely align with industry practice by incorporating an aver ...

Core Insights - Bread Financial Holdings, Inc. reported a net loss rate of 8.8% for the month ended May 31, 2024, compared to 8.4% in the previous year, indicating a slight increase in losses [1][2] - The delinquency rate rose to 5.9% as of May 31, 2024, up from 5.5% a year earlier, reflecting a growing concern over credit quality [1][2] - The company’s end-of-period credit card and other loans decreased to $16,446 million in May 2024 from $16,845 million in May 2023, showing a decline in loan balances [1] Financial Performance - Average credit card and other loans for May 2024 were reported at $17,846 million, a 1% increase year-over-year from $17,666 million in May 2023 [1] - Net principal losses for May 2024 were $133 million, compared to $124 million in May 2023, indicating a rise in losses [1] - The transition of credit card processing services in June 2022 has impacted the net loss rate and delinquency metrics [2] Company Overview - Bread Financial is a tech-forward financial services company that offers personalized payment, lending, and saving solutions [3][7] - The company focuses on digitally enabled choices, providing products such as private label and co-brand credit cards, as well as buy now, pay later options [3] - Headquartered in Columbus, Ohio, Bread Financial employs approximately 7,000 associates and emphasizes sustainable business practices [11]

Program to include co-brand and private label credit cards with unique reward opportunities for cardmembers Existing Saks Fifth Avenue credit card portfolio to transition to Bread Financial COLUMBUS, Ohio, June 12, 2024 (GLOBE NEWSWIRE) -- Bread Financial (NYSE:BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced a multi-year, multi-payments product agreement with Saks Fifth Avenue, a leading name in luxury shopping. The ex ...

Ms. Lakhwara currently serves as the chief information officer (CIO) at Zscaler, a global provider of cloud security solutions where she drives a comprehensive strategy to enable and scale a seamless experience for customers and employees. Prior to becoming CIO, she was the senior vice president of information technology and applications from 2021-2022. Before joining Zscaler, Ms. Lakhwara was the chief information officer at Conga, a provider of revenue recognition software, from 2017-2021, where she was r ...

COLUMBUS, Ohio, June 11, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE: BFH) today announced that Praniti Lakhwara, a seasoned information technology executive, has joined the Company's board as an independent director, effective June 10, 2024. In connection with her appointment, Ms. Lakhwara will also serve as a member of the board's Risk & Technology committee. With Ms. Lakhwara's appointment, Bread Financial's board now consists of 10 directors. Susan Haugen – Investor Relations Susan.Hau ...

COLUMBUS, Ohio, June 05, 2024 (GLOBE NEWSWIRE) -- Bread Financial Holdings, Inc. (NYSE:BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced the company's participation in the Morgan Stanley U.S. Financials, Payments & CRE Conference on Wednesday, June 12. Bread Financial EVP and Chief Financial Officer Perry Beberman will participate in a fireside chat. The fireside chat will take place at 11 a.m. ET and will be broadcast l ...