BAC has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Bank of America Corporation's credit losses provision for the three months ended in Mar. 2016 was $997 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2016 was $3,393 Mil.
Bank of America Corporation's quarterly credit losses provision increased from Sep. 2015 ($806 Mil) to Dec. 2015 ($810 Mil) and increased from Dec. 2015 ($810 Mil) to Mar. 2016 ($997 Mil).
Bank of America Corporation's annual credit losses provision declined from Dec. 2012 ($8,169 Mil) to Dec. 2013 ($3,556 Mil) and declined from Dec. 2013 ($3,556 Mil) to Dec. 2014 ($2,275 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.
Bank of America Corporation Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2016 was 780 (Jun. 2015 ) + 806 (Sep. 2015 ) + 810 (Dec. 2015 ) + 997 (Mar. 2016 ) = $3,393 Mil.
Bank of America Corporation Annual Data
Bank of America Corporation Quarterly Data