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GuruFocus has detected 3 Warning Signs with American Express Co $AXP.
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American Express Co (NYSE:AXP)
Credit Losses Provision
$2,026 Mil (TTM As of Dec. 2016)

American Express Co's credit losses provision for the three months ended in Dec. 2016 was $625 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2016 was $2,026 Mil.

American Express Co's quarterly credit losses provision increased from Jun. 2016 ($463 Mil) to Sep. 2016 ($504 Mil) and increased from Sep. 2016 ($504 Mil) to Dec. 2016 ($625 Mil).

American Express Co's annual credit losses provision declined from Dec. 2014 ($2,044 Mil) to Dec. 2015 ($1,988 Mil) but then increased from Dec. 2015 ($1,988 Mil) to Dec. 2016 ($2,026 Mil).


Definition

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 Dec. 2016 was 434 (Mar. 2016 ) + 463 (Jun. 2016 ) + 504 (Sep. 2016 ) + 625 (Dec. 2016 ) = $2,026 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

American Express Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
IS_CreditLossesProvision 4,1035,7985,3132,2071,1121,7121,8322,0441,9882,026

American Express Co Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
IS_CreditLossesProvision 488582420467529572434463504625
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