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Bank of America Corporation's credit losses provision for the three months ended in Mar. 2014 was $1,009 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2014 was $2,852 Mil.
Bank of America Corporation's quarterly credit losses provision increased from Sep. 2013 ($296 Mil) to Dec. 2013 ($336 Mil) and increased from Dec. 2013 ($336 Mil) to Mar. 2014 ($1,009 Mil).
Bank of America Corporation's annual credit losses provision declined from Dec. 2011 ($13,410 Mil) to Dec. 2012 ($8,169 Mil) and declined from Dec. 2012 ($8,169 Mil) to Dec. 2013 ($3,556 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. 2014 was 1211 (Jun. 2013 ) + 296 (Sep. 2013 ) + 336 (Dec. 2013 ) + 1009 (Mar. 2014 ) = $2,852 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Bank of America Corporation Annual Data
Bank of America Corporation Quarterly Data