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Stock impact report

BFH.PR.A: An 8.625% Preferred Stock IPO From Bread Financial Holdings [Seeking Alpha]

Bread Financial Holdings, Inc. (BFH) 
Company Research Source: Seeking Alpha
BFH has persistently underperformed peers and benchmarks, with higher fixed-income credit spreads than their ratings suggest, reflecting elevated credit risk. Recent Fitch upgrades highlight improved liquidity and reduced leverage, but asset quality and earnings volatility remain constraints versus higher-rated peers. I see no compelling investment case for BFH-A; elevated yield compensates for risk, but underperformance and credit spreads warrant caution. Sumala Chidchoi/iStock via Getty Images Co-authored by Relative Value. Overview This is yet another one of our series of articles targeting new fixed-income securities on the exchange. This time, our attention will be focused on Bread Financial Holdings' ( BFH ) recent addition to the exchange - the More on my IG service Trade With Beta At Trade With Beta, we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full Show less Read more
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