Switch to:
Discover Financial Services (NYSE:DFS)
Credit Losses Provision
$1,340 Mil (TTM As of Sep. 2014)

Discover Financial Services's credit losses provision for the three months ended in Sep. 2014 was $354 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2014 was $1,340 Mil.

Discover Financial Services's quarterly credit losses provision increased from Mar. 2014 ($272 Mil) to Jun. 2014 ($360 Mil) but then declined from Jun. 2014 ($360 Mil) to Sep. 2014 ($354 Mil).

Discover Financial Services's annual credit losses provision declined from Nov. 2011 ($1,013 Mil) to Nov. 2012 ($848 Mil) but then increased from Nov. 2012 ($848 Mil) to Dec. 2013 ($1,086 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.

Discover Financial Services Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2014 was 354 (Dec. 2013 ) + 272 (Mar. 2014 ) + 360 (Jun. 2014 ) + 354 (Sep. 2014 ) = $1,340 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Discover Financial Services Annual Data

Nov03Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Dec13
IS_CreditLossesProvision 08787569501,5962,3623,2071,0138481,086

Discover Financial Services Quarterly Data

Aug12Nov12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
IS_CreditLossesProvision 126338370159240333354272360354
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK