Bread Financial falls after February performance data

Bread Financial Holdings

17/03/2025 18:13

** Credit card company Bread Financial's BFH.N shares fall 5.9% to $46.31 after releasing February performance update

** TD Cowen says delinquencies were worse than historical seasonality in February for BFH, while loan balances were below expectations

** Brokerage says BFH is seeing slowing loan growth due to credit tightening and slower consumer spend

** Jefferies says February results pointed towards higher delinquencies and net charge-offs, or debt that is unlikely to be collected

** Six of 16 brokerages rate the stock "buy" or higher, eight "hold" and two "sell"; the median PT is $70 - data compiled by LSEG

** BFH stock down 24% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))