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GuruFocus has detected 4 Warning Signs with Bank of America Corporation $BAC.
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Bank of America Corporation (NYSE:BAC)
Credit Losses Provision
$3,597 Mil (TTM As of Dec. 2016)

Bank of America Corporation's credit losses provision for the three months ended in Dec. 2016 was $774 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2016 was $3,597 Mil.

Bank of America Corporation's quarterly credit losses provision declined from Jun. 2016 ($976 Mil) to Sep. 2016 ($850 Mil) and declined from Sep. 2016 ($850 Mil) to Dec. 2016 ($774 Mil).

Bank of America Corporation's annual credit losses provision increased from Dec. 2014 ($2,275 Mil) to Dec. 2015 ($3,161 Mil) and increased from Dec. 2015 ($3,161 Mil) to Dec. 2016 ($3,597 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.

Bank of America Corporation Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2016 was 997 (Mar. 2016 ) + 976 (Jun. 2016 ) + 850 (Sep. 2016 ) + 774 (Dec. 2016 ) = $3,597 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.

Bank of America Corporation Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
IS_CreditLossesProvision 8,38526,82548,57028,43513,4108,1693,5562,2753,1613,597

Bank of America Corporation Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
IS_CreditLossesProvision 636219765780806810997976850774
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