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Bread Financial Holdings ( (BFH) ) just unveiled an announcement.
Bread Financial Holdings provided a performance update for November 2024, reporting a slight increase in net loss rate to 8.0% from 7.9% the previous year, and a decrease in delinquency rate to 6.2% from 6.5%. The company experienced a year-over-year decline in both end-of-period credit card and other loans, and average credit card and other loans, attributed in part to revised calculation methods and impacts from hurricanes, which affected delinquency progression policies for impacted regions.
More about Bread Financial Holdings
Bread Financial Holdings, Inc., headquartered in Columbus, Ohio, is a tech-forward financial services company that offers personalized payment, lending, and saving solutions. The company provides a range of payment solutions including private label and co-brand credit cards, as well as buy now, pay later products under the Bread Pay® brand. Additionally, Bread Financial offers direct-to-consumer products such as the Bread Cashback® American Express® Credit Card and Bread Savings® products.
YTD Price Performance: 99.10%
Average Trading Volume: 806,238
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.2B
Learn more about BFH stock on TipRanks’ Stock Analysis page.
