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Bank of America Corporation's credit losses provision for the three months ended in Jun. 2016 was $976 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2016 was $3,589 Mil.
Bank of America Corporation's quarterly credit losses provision increased from Dec. 2015 ($810 Mil) to Mar. 2016 ($997 Mil) but then declined from Mar. 2016 ($997 Mil) to Jun. 2016 ($976 Mil).
Bank of America Corporation's annual credit losses provision declined from Dec. 2013 ($3,556 Mil) to Dec. 2014 ($2,275 Mil) but then increased from Dec. 2014 ($2,275 Mil) to Dec. 2015 ($3,161 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 Jun. 2016 was 806 (Sep. 2015 ) + 810 (Dec. 2015 ) + 997 (Mar. 2016 ) + 976 (Jun. 2016 ) = $3,589 Mil.
Bank of America Corporation Annual Data
Bank of America Corporation Quarterly Data
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