The latest update is out from Bread Financial Holdings ( (BFH) ).
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Bread Financial Holdings announced its Q3 2024 financial results, highlighting strategic initiatives such as repurchasing $262 million in convertible notes to strengthen its balance sheet and reduce risk. The company reported a 12% increase in tangible book value per share and a stable reserve rate, though challenges remain due to regulatory uncertainties around credit card late fees. Despite these, Bread Financial maintains optimism for economic recovery, leveraging strong consumer deposit growth and strategic credit management to achieve its financial targets.
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