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Discover Financial Services's credit losses provision for the three months ended in Mar. 2014 was $272 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2014 was $1,199 Mil.
Discover Financial Services's quarterly credit losses provision increased from Sep. 2013 ($333 Mil) to Dec. 2013 ($354 Mil) but then declined from Dec. 2013 ($354 Mil) to Mar. 2014 ($272 Mil).
Discover Financial Services's annual credit losses provision increased from Nov. 2012 ($848 Mil) to Dec. 2012 ($852 Mil) and increased from Dec. 2012 ($852 Mil) to Dec. 2013 ($1,086 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 Mar. 2014 was 240 (Jun. 2013 ) + 333 (Sep. 2013 ) + 354 (Dec. 2013 ) + 272 (Mar. 2014 ) = $1,199 Mil.
Discover Financial Services Annual Data
Discover Financial Services Quarterly Data