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Stock impact report

Q3 Earnings Highlights: Bread Financial (NYSE:BFH) Vs The Rest Of The Credit Card Stocks [Yahoo! Finance]

Bread Financial Holdings, Inc. (BFH) 
Company Research Source: Yahoo! Finance
Credit card companies facilitate electronic payments and extend revolving credit to consumers. Growth comes from increasing digital payment adoption, cross-border transaction growth, and value-added services for cardholders and merchants. Challenges include regulatory scrutiny of fees and practices, competition from alternative payment methods, and potential credit losses during economic downturns. The 6 credit card stocks we track reported a strong Q3. As a group, revenues beat analysts' consensus estimates by 1.4%. Thankfully, share prices of the companies have been resilient as they are up 5.7% on average since the latest earnings results. Formerly known as Alliance Data Systems until its 2022 rebranding, Bread Financial (NYSE:BFH) provides credit cards, installment loans, and savings products to consumers while powering branded payment solutions for retailers and merchants. Bread Financial reported revenues of $971 million, down 1.2% year on year. This print was in line w Show less Read more
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