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Discover Financial Services's credit losses provision for the three months ended in Jun. 2016 was $412 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2016 was $1,652 Mil.
Discover Financial Services's quarterly credit losses provision declined from Dec. 2015 ($484 Mil) to Mar. 2016 ($424 Mil) and declined from Mar. 2016 ($424 Mil) to Jun. 2016 ($412 Mil).
Discover Financial Services's annual credit losses provision increased from Dec. 2013 ($1,086 Mil) to Dec. 2014 ($1,443 Mil) and increased from Dec. 2014 ($1,443 Mil) to Dec. 2015 ($1,512 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.
Discover Financial Services Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2016 was 332 (Sep. 2015 ) + 484 (Dec. 2015 ) + 424 (Mar. 2016 ) + 412 (Jun. 2016 ) = $1,652 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Discover Financial Services Annual Data
Discover Financial Services Quarterly Data