RBC Capital analyst Jon Arfstrom maintains $Bread Financial (BFH.US)$ with a hold rating, and maintains the target price at $52.
According to TipRanks data, the analyst has a success rate of 59.0% and a total average return of 16.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bread Financial (BFH.US)$'s main analysts recently are as follows:
The company's third-quarter results contained 'few surprises' and its full-year outlook remained consistent. The moderate underperformance of the shares is ascribed to ongoing uncertainty regarding the timing of credit loss rate improvements. A 'soft landing,' recent industry-wide credit tightening, and a deceleration in loan growth are expected to favorably impact loss rates, especially in the latter half of 2025. Additionally, the company's reserve rate projections suggest that losses in 2025 will be comparable to, if not better than, those in 2024.
Bread Financial's Q3 earnings surpassed expectations, primarily due to decreased expenses. The company's credit performance for fiscal 2024 seems to align with existing projections. However, preliminary insights into fiscal 2025 suggest minimal advancement in credit improvement.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
