JMP Securities analyst David Scharf maintains $Bread Financial (BFH.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 50.4% and a total average return of 10.0% 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 Q3 results from Bread Financial came with minimal surprises, and the company's guidance for the full year remained consistent. The shares' slight underperformance is attributed to ongoing uncertainties about the timing of credit loss rate improvements. The analyst suggests that a gentle economic downturn, recent industry-wide credit tightening, and deceleration in loan growth could foster better loss rates, particularly in the latter half of 2025. Additionally, Bread Financial's projection for their reserve rate suggests that losses in 2025 could align with or even improve upon those in 2024.
Bread Financial's third-quarter earnings surpassed expectations, primarily due to reduced expenses. Its credit performance for fiscal 2024 seems to align with existing projections. However, preliminary insights into 2025 suggest minimal improvement in credit metrics.
Note:
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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.
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