Bread Financial falls after Q3 profit drop

Bread Financial Holdings

Thu 16:56

 
** Shares of credit card issuer Bread Financial BFH.N down 6% at $102.1
** Co posts Q3 adj. net income available to common stockholders of $151 million, or $3.84 per share, compared with $191 million, or $4.02 per share, a year earlier
** BFH says the decline in profit reflected a $38 million favorable discrete tax item in the year-earlier quarter
** Eight of 17 analysts rate stock "strong buy" or "buy" and nine "hold"; their median PT is $115 - data compiled by LSEG
** Including session's move, stock up 39.1% YTD

(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com;))