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Discover Financial Services's credit losses provision for the three months ended in Dec. 2013 was $354 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2013 was $1,086 Mil.
Discover Financial Services's quarterly credit losses provision increased from Jun. 2013 ($240 Mil) to Sep. 2013 ($333 Mil) and increased from Sep. 2013 ($333 Mil) to Dec. 2013 ($354 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 Dec. 2013 was 159 (Mar. 2013 ) + 240 (Jun. 2013 ) + 333 (Sep. 2013 ) + 354 (Dec. 2013 ) = $1,086 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