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Bread Financial, KeyCorp and Silvergate highlighted in weekly financial stock list
The list also notes Bread Financial’s private label and co-branded card business, KeyCorp’s mid-market focus, and Silvergate’s recent Q3 results amid a wide 52-week trading range.
A weekly financial stock roundup from Benzinga highlights Bread Financial, KeyCorp, and Silvergate Capital, describing each company’s business model and recent market context. Bread Financial, formed from J.C. Penney’s credit card processing unit and The Limited’s credit card banking business, is positioned around private label and co-branded credit cards, loyalty programs, and marketing services. The article says the credit card unit partners with retailers for joint marketing, and that Bread retains a minority interest in LoyaltyOne, which runs Canada’s largest airline miles loyalty program and provides marketing services to grocery chains in Europe and Asia. Benzinga also profiles KeyCorp, describing an Ohio-based bank footprint across 16 states, concentrated in Ohio and New York. The piece says KeyCorp serves middle-market commercial clients through a hybrid community and corporate banking model, and it references Blackstone posting 50.7% growth in earnings and 26.2% revenue growth in the past quarter.
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