Bread Financial Holdings, Inc.

BFH

US0185811082

Consumer Lending

Market Closed - Nyse Other stock markets 04:00:02 2024-04-24 pm EDT			5-day change	1st Jan Change
35.53 ^USD	-0.89%		+10.24%	+7.86%

Apr. 10	RBC Ups Price Target on Bread Financial to $38 From $36, Keeps Sector Perform Rating	MT
Apr. 05	North American Morning Briefing : Investors on -2-	DJ

Alliance Data : Q3 2020 Slide Presentation

October 29, 2020 at 09:45 am EDT

Alliance Data

Third Quarter 2020 Results October 29, 2020

Ralph Andretta - President & CEO Tim King - EVP & CFO

Forward-Looking Statements

This presentation contains forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward‐looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as "believe," "expect," "anticipate," "estimate," "intend," "project," "plan," "likely," "may," "should" or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward‐looking statements. Examples of forward‐looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, initiation or completion of strategic initiatives, future dividend declarations, and future economic conditions, including, but not limited to, fluctuation in currency exchange rates, market conditions and COVID‐19 impacts related to relief measures for impacted borrowers and depositors, labor shortages due to quarantine, reduction in demand from clients, supply chain disruption for our reward suppliers and disruptions in the airline or travel industries.

We believe that our expectations are based on reasonable assumptions. Forward‐looking statements, however, are subject to a number of risks and uncertainties that could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this presentation, and no assurances can be given that our expectations will prove to have been correct. These risks and uncertainties include, but are not limited to, factors set forth in the Risk Factors section in our Annual Report on Form 10‐K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10‐Q filed for periods subsequent to such Form 10‐K. Our forward‐looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward‐looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

Confidential and Proprietary

Key Highlights

Strong financial results across key metrics
Continued progress on strategic priorities
Investment in initiatives to drive long‐term growth

Confidential and Proprietary

2020 Third Quarter Financial Highlights

Strong results across key metrics

$1.1B Revenue

$133MM Net income

$2.79 Diluted EPS $250MM Adj. EBITDA, net

Credit sales of $6.2 billion in 3Q20 represented a 28% increase versus 2Q20
Average receivables declined 5% versus 2Q20 due to the continued impact from COVID‐19
Credit metrics exceeded our expectations with a net loss rate of 5.8% for the quarter
AIR MILES® reward miles issued and redeemed improved 18% and 13% respectively versus 2Q20

Confidential and Proprietary

Card Services Performance Highlights

Encouraging credit sales trends emerging across channels and verticals

Credit sales improved 28% from 2Q20 as retailers continued reopening & consumer spend improved
- Credit sales from diversified verticals* represented 65% of sales in 3Q20 vs 55% in 2019
- Beauty, home décor, general retail, and hard goods all returned to positive year‐over‐year sales growth

	Credit sales continue to rebound from pandemic lows across channels
				92%
				15%
	‐17%			‐2%	Sequential growth
	‐23%			‐20%	driven by store
				reopening and multi‐
				28%	channel spend
				27%
	‐78%
Pre‐COVID	Shut down	Reopen	Recovery	Sep
1/1‐3/14	3/15‐4/30	5/1‐6/30	7/1‐8/31	9/1‐9/30
	2020 year‐over‐year growth	‐15%
	3Q20 vs. 2Q20

Total sales		In‐store brand sales

In‐person store brand sales for both PLCC & Co‐Brand cards

		Online brand sales	Non‐brand sales


Online brand sales for both	Both online and in‐person non‐
	PLCC & Co‐Brand cards	brand sales for Co‐Brand card

*Diversified verticals represent verticals outside of specialty apparel, department stores, and jewelry

Confidential and Proprietary

Card Services Performance Highlights

Focus on driving sustained, profitable growth

Partner Renewals

Renewal of key partner relationships including:
- GameStop, the world's largest video game, consumer electronics and collectibles retailer

Digital and mobile

engagement and servicing

Bealls Outlet/Burkes Outlet, a regional off‐price retailer with more than 500 locations

Integrated real‐time prescreen and expanded loyalty program

New Vertical Growth

Market leader in fast‐growing specialty retail verticals, including beauty ($530B industry / 7% CAGR)
Launched two new partnerships:
- Sally Beauty, the largest distributor of professional beauty supplies in the U.S
- Salon Centric (part of L'Oréal), one of the largest distributors of professional salon and beauty supplies in the U.S.
- Alliance Data now manages the Top 4 programs in the U.S. beauty industry

Customer Expansion

Strategically offering the new Comenity bankcard to select customers for expanded customer utility
Cash back rewards and category accelerators that drove higher than expected response rates
Strong millennial engagement with highest sales/active
Early metrics suggest strong credit performance trends
Opportunity to grow via new acquisition and retention strategies

LoyaltyOne® Performance Highlights

Better business conditions lead to sequential 22% revenue improvement over 2Q20

Reward miles issued and redeemed improved vs 2Q20; however, the year‐ over‐year impact of lower discretionary spend continues
AIR MILES continues to pivot the rewards portfolio to emphasize more non‐travel options, driving higher merchandise redemptions in 3Q20

Revenue improved 37% vs 2Q20 as business conditions strengthened
With the potential return of COVID‐ 19‐related lockdowns in Europe, many retailers continue to delay promotional programs until 2021

AIR MILES program performance

1,486

1,344	1,316		1,240


					1,053
80%		81%				Reward miles
	76%				issued improved

							from 2Q20 low
					58%	55%



3Q19	4Q19	1Q20	2Q20	3Q20
			Miles issued (in millions)	Miles redeemed / issued ("burn rate")

Confidential and Proprietary

Doubling Down on Digital Engagement

Continue to grow and accelerate our next generation of digital experiences

Digital Presentment	Digital Application
presents financing and rewards	Frictionless user experience with
earlier in the buying experience	65% pre‐filled customer data

45%	70%
of sales are made online		of applications are digital
(+33% YOY)		(+8% YOY)

Digital Payments

Contactless and wallet

integration

66%

of chip cards are contactless with wallet usage doubling YOY

Digital Servicing

Convenient and secure

management

78%

of bills are paid digitally

(+6% YOY)

Investment Highlights

Product and technology enhancements to support growth and digital acceleration

Point of sale technology platform which further enhances our digital product suite
- Buy now, pay later
- Installment loans
White‐label offerings
Tech stack integrates seamlessly
Embedded Growth strategy
- Expand to new customer segments and verticals
- Enhanced penetration with existing customers

• Modern and scalable platform	• Full digital payments solution
• Flexible platform enables seamless	including real‐time financing and
addition of new capabilities	marketing presentment across
• Operational and product efficiencies	the buying journey from product
through leading technology	page to checkout
• Enables focus and investment on	• Single API integration using a
market differentiators	software development kit for
− Technology	fast, simple integration
− Data	• Scalable, one‐stop digital
− Digital	integration tool for brand
	partners

Product Expansion	Technology Advancement	Digital Experiences

Confidential and Proprietary

Strategic Acquisition

Expands digital capabilities with installment loan and buy now, pay later products

Consideration	• $450 million of estimated consideration, of which approximately $100 million is Alliance
		Data common stock

Financial	• Accelerates ADS growth profile, particularly in rapidly growing ecommerce payments space
Impact	• Expected to be accretive to EPS within three years

Talent	• Bread's talented team of ~185 employees will join Alliance Data
		• Bread's development team will focus on current priorities and clients as well as
		spearheading a new digital innovation hub, in NYC, driving ADS digital initiatives

Expected	• Completion subject to customary closing conditions
Timing	• Expected to close in the fourth quarter of 2020

Capital	• No incremental leverage required to complete the transaction
Structure	• Equity element demonstrates confidence in Alliance Data's long‐term success
		• No impact on our capital allocation strategy
		©2020 ADS Alliance Data Systems, Inc.

		Confidential and Proprietary

2020 Action Items

Deliberate and thoughtful progress balancing the pandemic and future growth

Recover

RebuildRegrow

Associate safety & health
Recession readiness plan
Right‐size expense base
Disciplined risk management
Review partnership economics

Expand digital offerings
- Enhanced Digital Suite
- POS payment solutions
Technology flexibility & upgrades
- Core processing platform
Enhance data & analytics
Prudent Balance Sheet actions

Focused investment
- Align with recovery trend
Further digital enhancements
Sustained, profitable growth
Expense flexibility and discipline
Drive shareholder value

These actions along with our on‐going strategic initiatives will focus on

profitable growth and driving shareholder value

Confidential and Proprietary

Third Quarter 2020 Results

($ in millions, except per share)	3Q20	3Q19	% Change
LoyaltyOne	$185	$246	(25)%
Card Services	$866	$1,192	(27)%
Corporate/Other	‐	‐	nm
Total Revenue	$1,050	$1,438	(27)%
LoyaltyOne	$18	$(5)	nm
Card Services	$212	$300	(29)%
Corporate/Other	$(55)	$(131)	(58)%
Total Earnings before Tax (EBT)	$176	$164	7%
LoyaltyOne	$40	$58	(31)%
Card Services	$233	$328	(29)%
Corporate/Other	$(24)	$(19)	25%
Adjusted EBITDA, net	$250	$367	(32)%
Income from continuing operations	$133	$122	10%
Income from continuing operations per diluted share	$2.79	$2.41	16%
Pre‐Provision, earnings before tax	$384	$462	(17%)

18%

Revenue (1)

82%

Earnings (1)

Before Tax

92%

15%

Adjusted (1)

EBITDA, net

85%

Card Services

LoyaltyOne

Percentages based on Card Services and LoyaltyOne segments combined as reported excluding Corporate/Other and intersegment eliminations Totals may not sum due to rounding; nm = not meaningful

Confidential and Proprietary

Key Business Metrics

Improving sales and rebound in yield drove sequential revenue improvement

Credit sales improved on a sequential basis providing optimism that pressure on receivables is subsiding as we move towards the typical fourth quarter seasonal step‐up in receivable balances
Revenue growth on a sequential basis was aided by card gross yield improvement as the impact of COVID‐related customer relief on fees was mitigated
As a result of the revenue growth, expenses increased sequentially, including a $27 million increase in cost of redemptions in our LoyaltyOne business
Year‐over‐year fixed cost savings actions remain on track with realized savings of approx. $50 million in 3Q20

				Credit sales improved sequentially			Card Services yield rebounded from 2Q20
					($ in billions)
$19.3				$19.4	$18.6								25.5%
					$16.2				24.7%
								$15.4	23.3%
													22.5%


				$9.3										20.4%
$7.8	$6.1				$6.2
					$4.8	28%

										2.4%	2.4%	2.4%	2.5%	2.4%

3Q19	4Q19	1Q20	2Q20	3Q20		3Q19	4Q19	1Q20	2Q20	3Q20
				Normalized avg card receivables*			Credit sales		Card Services gross yield	Card Services cost of funds


*Normalized card receivables includes held‐for‐sale receivables				©2020 ADS Alliance Data Systems, Inc.


													Confidential and Proprietary

Cardmember Payment Behavior

Payment trends remain favorable with 84% of accounts making a payment in 3Q

Consumer payments remain strong with increasing payment rates and payments made in full during the quarter
The COVID‐related customer relief program now represents 3% of total card receivables as of quarter‐end
- 73% of enrollees made a payment in 3Q20, up from 55% in 2Q20

Total account payment behavior trends continue to trend upward

							82%	82%	84%
		82%	81%
		22%	22%	23%	21%	23%

			3Q19		4Q19	1Q20	2Q20	3Q20
						Paid in full		Made a payment


	Payment behaviors on accounts enrolled in COVID‐related customer relief also continue to improve
			2Q20	Paid in full		Paid in full	3Q20

				8%			10%
55%		Payment less						Payment less
Made a

than balance					No	Made a	73%
No		than balance
payment	in full		payment	payment
		47%	payment		27%	in full
			63%
				45%

Confidential and Proprietary

Credit Quality and Allowance

Credit metrics remain resilient

Net loss rates

Reserve rate

($ in millions)

CECL

Max net loss rate since 2005: 10.0%

$2,151

$2,096

$2,081

7.0%

7.6%

5.6%

6.3%

5.8%

$1,171

$1,065

Reserve rate

13.3%

Avg net loss rate since 2005: ~6.0%

12.1%

maintained

Min net loss rate since 2005: 3.8%

at 13.3%

5.9%

6.0%

3Q19

4Q19

1Q20

2Q20

3Q20

3Q19

4Q19

1Q20

2Q20

3Q20

‐ ‐ ‐ includes historic quarterly range from 2005‐3Q20

ALLL balance

Reserve rate (1)

Delinquency rate

• CECL adoption impact of $644 million on 1/1/20

5.9%

5.8%

6.0%

4.7%

• Allowance of $2.1 billion remains flat vs 2Q20,

4.3%

Delinquency

and nearly double 3Q19

rate trending

favorably

3Q19

4Q19

1Q20

2Q20

3Q20

(1) Calculated as a percentage of allowance for loan loss to end of period credit card and loan receivables

Confidential and Proprietary

Balance Sheet Management

Prudent actions to opportunistically extend, diversify, and de‐risk

Actions taken since 9/30/19:

Completed two offerings of senior notes, for $850 million & $500 million maturing in 2024 & 2026, respectively
- Repaid $1.33 billion of term loan
Extended the credit facility by 18 months from June 2021 to December 2022
Added covenant flexibility: Amended Company's credit agreement to allow certain covenant flexibility over a specific period beginning in 2021 to
- increase the maximum total leverage ratio
- decrease the minimum interest coverage ratio
- increase the maximum permitted average delinquency ratio

Capital structure management:

9/30/19	9/30/20
$2.86 billion due 06/21 ‐‐‐ 1.75 years	$1.48 billion due 12/22 ‐‐‐	2.25 years
	$0.85 billion due 12/24 ‐‐‐	4.25 years
	$0.50 billion due 01/26 ‐‐‐	5.33 years

Confidential and Proprietary

Capital and Liquidity Update

Sufficient corporate liquidity; Banks remain well‐capitalized

Parent Level

Liquidity at 9/30 of $1.2 billion, consisting of cash on hand plus revolver capacity
Approximately $430 million in cash and cash equivalents, $750 million in unused revolver
Fully paid down revolver in the third quarter 2020
The next debt maturity in December 2022 is out more than two years

Bank Level

Banks finished the quarter with $2.7 billion in cash and $2.6 billion in equity
Total Risk Based Capital Ratio at 20.1% ‐ double the 10% threshold to be considered well‐capitalized; CET1 at 18.8%
Funding readily available
- Heavy demand for FDIC‐insured deposit products - both direct‐to‐consumer and brokered
- Retail deposits have tripled as a percentage of our funding since 2Q19
- Renewed all three conduits with $3.2 billion of conduit capacity through either April or October 2022

Confidential and Proprietary

Strategic Initiatives

Focused investment to drive sustainable long‐term shareholder value

Technology	Product	Digital	Data Science and
Diversification and
Innovation	Advancement	Analytics
Development

Leverage technology	Expand our product	Evolution in intelligent
Deliver an advanced	automation and
as a competitive	base to offer a suite
digital experience for	analytical sciences to
advantage with	of financial solutions
our brand partners	drive incremental
continued innovation	that empowers
and consumers	insights, retention,
and a focus on reducing	today's consumers
	and operating leverage
our cost to serve

Key Foundational Elements

Active risk management	Prudent balance sheet management	Disciplined expense management

Confidential and Proprietary

Questions & Answers

Confidential and Proprietary

Financial Measures

In addition to the results presented in accordance with generally accepted accounting principles, or GAAP, the Company may present financial measures that are non‐GAAP measures, such as constant currency financial measures, pre‐provision earnings before taxes, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA, net of funding costs, core earnings and core earnings per diluted share (core EPS). Constant currency excludes the impact of fluctuations in foreign exchange rates. The Company calculates constant currency by converting our current period local currency financial results using the prior period exchange rates. The Company uses adjusted EBITDA and adjusted EBITDA, net as an integral part of internal reporting to measure the performance and operational strength of reportable segments and to evaluate the performance of senior management. Adjusted EBITDA eliminates the uneven effect across all reportable segments of non‐cash depreciation of tangible assets and amortization of intangible assets, including certain intangible assets that were recognized in business combinations, and the non‐cash effect of stock compensation expense. In addition, adjusted EBITDA eliminates the effect of the gain (loss) on the sale of a business, strategic transaction costs, asset impairments, restructuring and other charges, and the loss on extinguishment of debt. Adjusted EBITDA, net is equal to adjusted EBITDA less securitization funding costs and interest expense on deposits. Similarly, core earnings and core EPS eliminate non‐cash or non‐operating items, including, but not limited to, stock compensation expense, amortization of purchased intangibles, non‐cash interest, gain (loss) on the sale of a business, strategic transaction costs, asset impairments, restructuring and other charges, and the loss on extinguishment of debt. The Company believes that these non‐GAAP financial measures, viewed in addition to and not in lieu of the Company's reported GAAP results, provide useful information to investors regarding the Company's performance and overall results of operations.

Confidential and Proprietary

Appendix

Confidential and Proprietary

Third Quarter 2020 Consolidated Results

(in millions, except per share)	3Q20	3Q19	% Change
Revenue	$1,050	$1,438	(27)%
Income from continuing operations	$133	$122	10%
Income from continuing operations per diluted share (EPS)	$2.79	$2.41	16%
Core EPS	$3.45	$5.05	(32)%
Adjusted EBITDA	$340	$481	(29)%
Adjusted EBITDA, net	$250	$367	(32)%
Pre‐Provision, earnings before taxes	$384	$462	(17)%
Diluted shares outstanding	47.8	50.4

**********************************************************************************

(Including discontinued operations)
Net income (loss)	$133	$(108)	nm
Net income (loss) per diluted share	$2.79	$(2.13)	nm
*nm= not meaningful

Confidential and Proprietary

Key Business Metrics

	3Q20	3Q19	3Q20 vs		2Q20	3Q20 vs
	3Q19		2Q20
LoyaltyOne(in millions)

AIR MILES Reward Miles Issued	1,240	1,344	(8)%	1,053		18%
AIR MILES Reward Miles Redeemed	687	1,078	(36)%	608		13%
Card Services($ in millions)
Credit Sales	$6,152	$7,824	(21)%	$4,799		28%
Average Card Receivables	$15,300	$17,449	(12)%	$16,116	(5)%
Normalized Average Card Receivables 1	$15,356	$19,299	(20)%	$16,204	(5)%
End of Period Receivables	$15,599	$17,928	(13)%	$15,809	(1)%
Total Gross Yield % 2	22.5%	24.7%	(2.2)%	20.4%		2.1%
Operating Expense % 3	9.2%	8.7%	0.5%	9.1%		0.1%
Cost of Funds	2.4%	2.4%	‐%	2.5%		(0.1)%
Principal Loss Rate	5.8%	5.6%	0.2%	7.6%		(1.8)%
Reserve Rate	13.3%	5.9%	7.4%	13.3%		‐%
Delinquency Rate	4.7%	5.9%	(1.2)%	4.3%		0.4%
Return on Equity	14%	28%	(14)%	15%		(1)%

Normalized card receivables includes held‐for‐sale receivables
Revenue divided by normalized card receivables
Excludes mark‐to‐market on held‐for‐sale receivables and asset impairment charges

Confidential and Proprietary

Bank Capital Ratios

	1Q20	2Q20	3Q20
Combined Banks

Common Equity Tier 1 Capital Ratio	15.9%	18.3%	18.8%
Tier 1 Capital Ratio	15.9%	18.3%	18.8%
Total Risk Based Capital Ratio	17.3%	19.7%	20.1%
Tier 1 Leverage Capital Ratio	12.8%	14.2%	16.1%

Confidential and Proprietary

Attachments

Original document
Permalink

Disclaimer

Alliance Data Systems Corporation published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 13:44:07 UTC

Latest news about Bread Financial Holdings, Inc.

RBC Ups Price Target on Bread Financial to $38 From $36, Keeps Sector Perform Rating	Apr. 10	MT
North American Morning Briefing : Investors on -2-	Apr. 05	DJ
Wolfe Research Upgrades Bread Financial Holdings to Outperform From Peer Perform, Price Target is $48	Apr. 04	MT
Bread Financial Holdings Delinquency Rate Rose in February	Mar. 13	MT
Transcript : Bread Financial Holdings, Inc. Presents at Bank of America Securities Financial Services Conference 2024, Feb-21-2024 11:20 AM	Feb. 21
Bread Financial's Board Approves $30 Million Share Repurchase Program	Feb. 21	MT
Bread Financial Holdings, Inc. announces an Equity Buyback for $30 million worth of its shares.	Feb. 21	CI
Bread Financial Holdings, Inc. authorizes a Buyback Plan.	Feb. 20	CI
Morgan Stanley Raises Price Target on Bread Financial Holdings to $27 From $25, Keeps Underweight Rating	Feb. 08	MT
BMO Capital Trims Price Target on Bread Financial to $32 From $33, Maintains Market Perform Rating	Jan. 29	MT
North American Morning Briefing : Cautious Start -2-	Jan. 29	DJ
Bread Financial Shares Rise After Oppenheimer Upgrade	Jan. 26	MT
JPMorgan Raises Bread Financial's Price Target to $40 From $36, Maintains Neutral Rating	Jan. 26	MT
Oppenheimer Upgrades Bread Financial to Outperform From Perform, $52 Price Target	Jan. 26	MT
Bread Financial Holdings Swings to Q4 Earnings, Revenue Declines	Jan. 25	MT
Transcript : Bread Financial Holdings, Inc., Q4 2023 Earnings Call, Jan 25, 2024	Jan. 25
Bread Financial Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 25	CI
Bread Financial Holdings, Inc. Declares Dividend on Common Stock, Payable on March 15, 2024	Jan. 25	CI
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	Jan. 25	DJ
Bread Financial Appoints Allegra Driscoll as Chief Technology Officer	Jan. 23	MT
Bread Financial? Announces Appointment of Allegra Driscoll as Executive Vice President and Chief Technology Officer	Jan. 23	CI
RBC Boosts Price Target on Bread Financial Holdings to $36 From $32, Keeps Sector Perform Rating	Jan. 10	MT
BMO Capital Starts Bread Financial Holdings With Market Perform Rating, $33 Price Target	Jan. 10	MT
Bread Financial Prices $300 Million Senior Notes Due 2029	Jan. 08	MT
Sector Update: Financial Stocks Advancing Late Afternoon	Jan. 08	MT

Chart Bread Financial Holdings, Inc.

Duration

Period

More charts

Company Profile

Bread Financial Holdings, Inc. is a tech-forward financial services company. The Company is engaged in providing simple, personalized payment, lending, and saving solutions. The Company through its data insights and white-label technology, it delivers a comprehensive product suite, including private label and co-brand credit cards and buy now, pay later products (split-pay). It also offers direct-to-consumer solutions that give customers more access, and freedom through its branded Bread Cashback American Express Credit Card and Bread Savings products. The Company offers both direct-to-consumer retail deposit products as well as deposits sourced through contractual arrangements with various financial counterparties (often referred to as wholesale deposits). Its products are supported by various services and capabilities, including risk management, account origination and funding services; loan processing and servicing; marketing and data and analytics; and its Enhanced Digital Suite.

Sector

Consumer Lending

Calendar

2024-04-24 - Q1 2024 Earnings Release

Related indices

Russell 2000

More about the company

Income Statement Evolution

More financial data

Ratings for Bread Financial Holdings, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

35.85 USD

Average target price

36.86 USD

Spread / Average Target

+2.81%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Consumer Lending

	1st Jan change	Capi.
BREAD FINANCIAL HOLDINGS, INC.	+7.86%	1.78B
BAJAJ FINANCE LIMITED	+0.02%	53.87B
BAJAJ FINSERV LTD.	-3.29%	31.29B
JIO FINANCIAL SERVICES LIMITED	+63.92%	29.59B
ORIX CORPORATION	+22.10%	23.84B
SYNCHRONY FINANCIAL	+17.88%	17.44B
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED	-7.23%	11.53B
SHRIRAM FINANCE LIMITED	+19.91%	10.96B
SOFI TECHNOLOGIES, INC.	-23.62%	8.01B
MUTHOOT FINANCE LIMITED	+11.28%	7.8B

Other Consumer Lending

Bread Financial Holdings, Inc.

Equities

BFH

US0185811082

Consumer Lending

Alliance Data : Q3 2020 Slide Presentation

EPS Revisions