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Discover Financial Services's credit losses provision for the three months ended in Mar. 2015 was $390 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2015 was $1,561 Mil.
Discover Financial Services's quarterly credit losses provision increased from Sep. 2014 ($354 Mil) to Dec. 2014 ($457 Mil) but then declined from Dec. 2014 ($457 Mil) to Mar. 2015 ($390 Mil).
Discover Financial Services's annual credit losses provision increased from Nov. 2012 ($848 Mil) to Dec. 2013 ($1,086 Mil) and increased from Dec. 2013 ($1,086 Mil) to Dec. 2014 ($1,443 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. 2015 was 360 (Jun. 2014 ) + 354 (Sep. 2014 ) + 457 (Dec. 2014 ) + 390 (Mar. 2015 ) = $1,561 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