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GuruFocus has detected 5 Warning Signs with Bank of Montreal $BMO.
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Bank of Montreal (NYSE:BMO)
Credit Losses Provision
$616 Mil (TTM As of Jan. 2017)

Bank of Montreal's credit losses provision for the three months ended in Jan. 2017 was $131 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jan. 2017 was $616 Mil.

Bank of Montreal's quarterly credit losses provision declined from Jul. 2016 ($197 Mil) to Oct. 2016 ($131 Mil) and declined from Oct. 2016 ($131 Mil) to Jan. 2017 ($131 Mil).

Bank of Montreal's annual credit losses provision declined from Oct. 2014 ($500 Mil) to Oct. 2015 ($468 Mil) but then increased from Oct. 2015 ($468 Mil) to Oct. 2016 ($615 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 Montreal Credit Losses Provision for the trailing twelve months (TTM) ended in Jan. 2017 was 156.810734904 (Apr. 2016 ) + 196.904688937 (Jul. 2016 ) + 131.310844465 (Oct. 2016 ) + 131.229613897 (Jan. 2017 ) = $616 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 Montreal Annual Data

Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15Oct16
IS_CreditLossesProvision 3621,1231,5201,031840775568500468615

Bank of Montreal Quarterly Data

Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16Jan17
IS_CreditLossesProvision 15213413112498129157197131131
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