Bread Financial Holdings Inc
BFH: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$34.00 | Yqzwf | Xtqqzqbv |
Bread Earnings: Otherwise Uninspiring Results Benefit From One-Time Gains on Sold Credit Card Loans
At first glance, Bread's first-quarter results were extremely strong, with a dramatic improvement in revenue and earnings. However, once the one-time gains associated with the sale of the BJ's Wholesale Club credit card portfolio are stripped away, the underlying results showed declining profitability. Even so, we appreciate the positive impact the sale has had on Bread's financial position.