NYSE:BFHConsumer Finance
Bread Financial (BFH) Stock Slips Even As Credit Quality Improves
Bread Financial Holdings slipped about 1% to close near US$106.85, even though the headline from Q2 was clear. Profitability stayed firm and credit costs moved in the right direction. Net income came in at US$146 million with diluted earnings per share of US$3.55, backed by an improved net loss rate of 6.98% and rising tangible book value per share to US$63.66.
Short term traders focused on the small price dip. Long term investors will likely focus more on the combination of solid earnings,...