Bread Financial gains after $25 mln increase to share repurchase program

Bread Financial Holdings

02/12/2024 16:22

** Shares of credit card issuer Bread Financial Holdings
 BFH.N  rise as much as 3%, last up 1% at $59.40
    ** Co approves $25 mln increase to its 2024 share repurchase
program, expanding the authorization to $595 mln through Dec. 31
    ** BFH has about $19 mln remaining under its prior $30 mln
share repurchase program as of Dec. 2
    ** Amended share repurchase program designed to offset
impact of dilution associated with issuance of employee
restricted stock units - BFH
    ** Authorization permits BFH to make open market share
repurchases
    ** As of last close, BFH shares up 78.6% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))