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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.

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Bread Financial, a tech-forward financial services company, has announced a $1 million donation to the Women's Sports Foundation (WSF) in celebration of the Foundation's 50th anniversary. The gift will support WSF's strategic growth initiatives, research, and advocacy efforts to advance gender equity in sports.

The donation will fund various activities, including:

  • Evidence-based research, such as the 2026 Winter Olympic and Paralympic Games analysis
  • Support for National Girls & Women in Sports Day (NGWSD)
  • Funding for the Annual Salute to Women in Sports fundraising event

Bread Financial's CEO, Ralph Andretta, emphasized the company's commitment to diversity, equity, and inclusion, stating that supporting girls and women in sports contributes to a more equitable society.

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Bread Financial Holdings (NYSE: BFH) will host a conference call on July 25, 2024, at 8:30 a.m. ET to discuss its second-quarter 2024 results. This tech-forward financial services company offers flexible payment, lending, and saving solutions. Interested participants and analysts can register in advance on the company's investor relations website. The call will be accompanied by several slides, and the webcast will be archived for later access.

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Bread Financial Holdings (NYSE: BFH) released its performance update for May 2024. The company reported an end-of-period credit card and other loans amounting to $17.847 billion, slightly down from $18.078 billion in May 2023.

The average credit card and other loans for May 2024 were $17.846 billion, a 1% increase from $17.666 billion in May 2023. Bread Financial's net principal losses stood at $133 million, up from $124 million in the same period the previous year, leading to a net loss rate of 8.8% compared to 8.4% in May 2023.

As of May 31, 2024, the company recorded 30-day delinquencies of $976 million, an increase from $932 million in May 2023. This resulted in a delinquency rate of 5.9%, up from 5.5% in the previous year. The period-end loans amounted to $16.446 billion, a decrease from $16.845 billion in May 2023.

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Bread Financial (NYSE: BFH) has signed a long-term agreement with Saks Fifth Avenue to provide a dual credit card program, including co-branded and private label credit cards, effective August 2024. The agreement involves transitioning the existing Saks Fifth Avenue credit card portfolio to Bread Financial's Comenity Capital Bank. Cardmembers will earn two to six points per dollar spent at Saks Fifth Avenue and Saks OFF 5TH locations, with additional rewards for Saks World Elite Mastercard users. Bread Financial will leverage its Enhanced Digital Suite for personalized customer engagement and seamless account acquisition, supporting Saks with targeted marketing campaigns.

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Bread Financial announced the appointment of Praniti Lakhwara to its Board of Directors, effective June 10, 2024. Lakhwara, currently the CIO at Zscaler, brings over two decades of IT experience and will serve on the Board's Risk & Technology committee. Her extensive career includes roles as CIO at Conga and senior positions at Nimble Storage and Guideware Software. Bread Financial's CEO Ralph Andretta highlighted Lakhwara's expertise in IT operations, governance of emerging technology, AI, and automation. With this appointment, Bread Financial's board now has 10 directors.

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Bread Financial Holdings (NYSE: BFH) announced its participation in the Morgan Stanley U.S. Financials, Payments & Commercial Real Estate Conference on June 12, 2024. The company's EVP and CFO, Perry Beberman, will partake in a fireside chat at 11 a.m. ET, which will be broadcast live and available for replay for 90 days. Bread Financial is a tech-forward financial services firm offering personalized payment, lending, and saving solutions.

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Bread Financial Holdings (NYSE: BFH), a tech-focused financial services company, will conduct an investor day on June 18, 2024, from 12 pm to 3 pm ET via live video stream. The company's executive leadership team will present updates on the company's evolution, business strategy, and long-term financial targets. Interested individuals can register and access the live stream via Bread Financial's dedicated investor day webpage. A replay of the event will be available afterward.

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Bread Financial Holdings (NYSE: BFH) has announced its participation in the TD Cowen Financial Services & Fintech Summit on June 7, 2024. Perry Beberman, the company's EVP and CFO, will take part in a fireside chat at 9:10 a.m. ET, which will be broadcast live. The webcast can be accessed through Bread Financial's investor relations website, and a replay will be available for 90 days.

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Bread Financial announced the appointment of John J. Fawcett to its Board of Directors, effective May 14, 2024. Fawcett, a seasoned financial services executive, brings over 40 years of expertise in accounting, international, and business operations. He will serve on the Audit and Nominating & Corporate Governance committees. Fawcett's extensive background includes roles as CFO at CIT Group, Royal Bank of Scotland Americas, and Citizens Financial Group. His addition is part of Bread Financial's ongoing board refreshment strategy.

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Bread Financial (NYSE: BFH) has released its 2023 Sustainability Report, highlighting major achievements and initiatives in sustainability.

The report emphasizes corporate governance, risk management, customer experience, associate engagement, environmental protection, and community investment.

Key milestones include the launch of a Financial Education Hub, the creation of the Office of People, Policy and Governance, and a new Career Navigator tool for associates.

The company doubled its community investments to $8 million and significantly boosted associate volunteerism. It also improved customer service via a new mobile app and self-service options.

Bread Financial has made strides in supplier diversity, sustainable sourcing, and environmental efforts, including a new Earth Month initiative and the use of biodegradable plastics.

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FAQ

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.

Bread Financial Holdings, Inc.

NYSE:BFH

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2.51B
49.58M
0.65%
104.31%
8.23%
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