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GuruFocus has detected 5 Warning Signs with Discover Financial Services $DFS.
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Discover Financial Services (NYSE:DFS)
Credit Losses Provision
$1,859 Mil (TTM As of Dec. 2016)

Discover Financial Services's credit losses provision for the three months ended in Dec. 2016 was $578 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2016 was $1,859 Mil.

Discover Financial Services's quarterly credit losses provision increased from Jun. 2016 ($412 Mil) to Sep. 2016 ($445 Mil) and increased from Sep. 2016 ($445 Mil) to Dec. 2016 ($578 Mil).

Discover Financial Services's annual credit losses provision increased from Dec. 2014 ($1,443 Mil) to Dec. 2015 ($1,512 Mil) and increased from Dec. 2015 ($1,512 Mil) to Dec. 2016 ($1,859 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 Dec. 2016 was 424 (Mar. 2016 ) + 412 (Jun. 2016 ) + 445 (Sep. 2016 ) + 578 (Dec. 2016 ) = $1,859 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.

Discover Financial Services Annual Data

Nov07Nov08Nov09Nov10Nov11Nov12Dec13Dec14Dec15Dec16
IS_CreditLossesProvision 7341,5962,3623,2071,0138481,0861,4431,5121,859

Discover Financial Services Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
IS_CreditLossesProvision 354457390306332484424412445578
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