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An update from Bread Financial Holdings ( (BFH) ) is now available.
On January 30, 2025, Bread Financial Holdings, Inc. released a performance update for the period ending December 31, 2024. The update highlighted a net loss rate of 8.0% to 8.1% and a decrease in delinquency rate from 6.5% in 2023 to 5.9% in 2024. A freeze on delinquency progression due to hurricanes Helene and Milton affected the fourth quarter results, with implications for increased net losses expected in the second quarter of 2025.
More about Bread Financial Holdings
Bread Financial Holdings, Inc. is a tech-forward financial services company that offers simple, personalized payment, lending, and saving solutions primarily to U.S. consumers. The company provides general purpose credit cards and savings products, and collaborates with recognized brands in sectors such as travel, entertainment, health, beauty, jewelry, and specialty apparel through private label and co-brand credit cards and pay-over-time products.
YTD Price Performance: 5.26%
Average Trading Volume: 674,163
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.14B
See more insights into BFH stock on TipRanks’ Stock Analysis page.
