Bread Financial Holdings shares are trading higher after the company reported a year-over-year increase in Q2 EPS results and announced a $35 million buyback program.
Portfolio Pulse from Bill Haddad
Bread Financial Holdings reported a year-over-year increase in Q2 EPS results and announced a $35 million buyback program, leading to a rise in its share prices.
July 27, 2023 | 6:25 pm
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Bread Financial Holdings' Q2 EPS results improved YoY and a $35 million buyback program was announced, causing its shares to trade higher.
The company's improved Q2 EPS results indicate a strong financial performance, which is a positive signal to investors. Additionally, the announced buyback program suggests that the company believes its shares are undervalued, which can also boost investor confidence and drive up share prices.
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