Bread Financial Holdings, Inc. (BFH): A Bull Case Theory [Yahoo! Finance]
Bread Financial Holdings, Inc. (BFH)
Company Research
Source: Yahoo! Finance
Bread Financial Holdings, Inc. (BFH)'s share was trading at $57.18 as of Nov 20 th . BFH's trailing and forward P/E were 9.02 and 8.67 respectively according to Yahoo Finance. Bread Financial (BFH) presents a compelling investment opportunity, underpinned by its robust loan growth, strategic debt reduction, and an expanding direct-to-consumer (DTC) funding base. Despite near-term challenges, such as rising loss rates on customer loans and impending late-fee regulations, management is targeting long-term loan growth in the mid-to-high single digits and returns on tangible common equity (ROTCE) in the mid-to-high 20% range, exceeding the 21.8% achieved in 2Q24. The company's proactive measures to strengthen its financial position, including a 62% reduction in parent-level debt since 3Q21 and a 270 basis point increase in its common equity tier 1 (CET1) ratio to 13.3%, highlight its resilience and preparedness for a challenging economic environment. Additionally, Bread's reserve rates,
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BFH
News
- Bread Financial Holdings, Inc. (NYSE: BFH) was upgraded by analysts at Morgan Stanley from an "underweight" rating to an "overweight" rating. They now have a $76.00 price target on the stock, up previously from $35.00.MarketBeat
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- BFH Stock Soars 95.3% YTD: A Signal for Investors to Hold Tight? [Yahoo! Finance]Yahoo! Finance
- Bread Financial Provides Performance Update for November 2024GlobeNewswire
- Bread Financial Holdings, Inc. (NYSE: BFH) had its price target raised by analysts at Keefe, Bruyette & Woods from $67.00 to $88.00. They now have an "outperform" rating on the stock.MarketBeat
BFH
Earnings
- 10/24/24 - Miss
BFH
Sec Filings
- 12/11/24 - Form 8-K
- 12/2/24 - Form 8-K
- 11/14/24 - Form SC
- BFH's page on the SEC website