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Silvergate, Bread Financial, and KeyCorp highlighted by Benzinga
The round up also notes Bread Financial’s credit card business ties to retailers, and KeyCorp’s middle market focus across Ohio and New York.
Benzinga’s weekly roundup spotlights several financial stocks, including Bread Financial, KeyCorp, and Silvergate Capital, outlining the businesses behind each company. The piece describes Bread Financial as a credit card provider built from J.C. Penney’s card processing unit and The Limited’s credit card bank business, with revenue anchored in private label and co-branded cards tied to retailer partnerships. For Bread Financial, the article says the firm also retains a minority interest in LoyaltyOne, the division spun off recently that operates Canada’s largest airline miles loyalty program, and provides marketing services to grocery chains in Europe and Asia. The roundup also lists Bread Financial’s recent stock trading context and market capitalization figures as part of its snapshot. KeyCorp is presented as a regional bank with assets over $150 billion, with a footprint across 16 states but a concentration in Ohio and New York. The article says the bank’s approach focuses on serving middle market commercial clients through a hybrid community and corporate banking model, while also referencing strong performance metrics tied to Blackstone in the same section. Silvergate Capital is framed as a provider of financial infrastructure services, including the Silvergate Exchange Network, cash management solutions, and deposit account services, with customers that include U.S. exchanges and global digital currency investors. The roundup points to the company’s wide 52 week price range and says it recently announced Q3 results that were characterized as outstanding and drew investor attention.