Bread Financial Sees FY23 Revenue Excluding Gain On Sale Down Mid-To-High-Teens, Avg. Loans Down Low-Single Digits
Portfolio Pulse from Benzinga Newsdesk
Bread Financial forecasts a decrease in FY23 revenue excluding gain on sale in the mid-to-high-teens percentage range, with average loans expected to decline by low-single digits.
April 25, 2024 | 10:54 am
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Bread Financial anticipates a significant decrease in FY23 revenue excluding gain on sale and a minor decline in average loans.
The forecasted decrease in revenue and average loans directly impacts Bread Financial's financial health and profitability, likely leading to a negative short-term impact on its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100