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American Express Co's credit losses provision for the three months ended in Mar. 2015 was $420 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2015 was $1,979 Mil.
American Express Co's quarterly credit losses provision increased from Sep. 2014 ($488 Mil) to Dec. 2014 ($582 Mil) but then declined from Dec. 2014 ($582 Mil) to Mar. 2015 ($420 Mil).
American Express Co's annual credit losses provision declined from Dec. 2012 ($1,990 Mil) to Dec. 2013 ($1,832 Mil) but then increased from Dec. 2013 ($1,832 Mil) to Dec. 2014 ($2,044 Mil).
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
American Express Co Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2015 was 489 (Jun. 2014 ) + 488 (Sep. 2014 ) + 582 (Dec. 2014 ) + 420 (Mar. 2015 ) = $1,979 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
American Express Co Annual Data
American Express Co Quarterly Data