Bread Financial (BFH) announced that its Board of Directors has approved a $25 million increase to its previously-announced 2024 share repurchase program, expanding the authorization from $30 million of common stock to $55 million of common stock through December 31, 2024. The Company had approximately $19 million remaining under its prior share repurchase program as of the date of this release; this increase will bring the total amount of share repurchase authorization to approximately $44 million through December 31, 2024.
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Read More on BFH:
- Bread Financial management to meet virtually with Compass Point
- Bread Financial price target raised to $70 from $56 at Seaport Research
- Bread Financial Reports Stable Loan Balances and Growth
- Bread Financial reports October net loss rate 7.9% vs 8% last year
- Bread Financial price target raised to $65 from $55 at BofA
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