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Bread Financial, KeyCorp, and Silvergate highlighted for the week

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Benzinga highlighted Bread Financial, KeyCorp, and Silvergate Capital as financial stock picks for the week, describing each company’s business model and recent performance context.

Bread Financial is described as a private label and co-branded credit card provider and loyalty program operator, formed from J.C. Penney’s credit card processing unit and The Limited’s credit card bank business. The company’s credit card unit partners with retailers on joint marketing, and Benzinga also notes Bread retains a minority interest in LoyaltyOne, which runs Canada’s largest airline miles loyalty program and marketing services for grocery chains in Europe and Asia.

Benzinga also characterized KeyCorp as a middle-market commercial bank with a footprint in 16 states, primarily focused on Ohio and New York. The outlet said Blackstone posted 50.7% growth in earnings and 26.2% revenue growth during the past quarter, positioning that growth rate as higher than competitors. For Silvergate Capital, Benzinga pointed to its financial infrastructure services for digital currency customers and said the firm recently announced Q3 results it described as outstanding.

The article notes Silvergate’s reported 52-week price range of 20.93 to 187.86 and a current price reference of 148.46, alongside a very large displayed share-price decline in the cited quote section.

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