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GuruFocus has detected 2 Warning Signs with E*TRADE Financial Corp $ETFC.
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E*TRADE Financial Corp (NAS:ETFC)
Credit Losses Provision
$-149 Mil (TTM As of Dec. 2016)

E*TRADE Financial Corp's credit losses provision for the three months ended in Dec. 2016 was $-18 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2016 was $-149 Mil.

E*TRADE Financial Corp's quarterly credit losses provision declined from Jun. 2016 ($-35 Mil) to Sep. 2016 ($-62 Mil) but then increased from Sep. 2016 ($-62 Mil) to Dec. 2016 ($-18 Mil).

E*TRADE Financial Corp's annual credit losses provision declined from Dec. 2014 ($36 Mil) to Dec. 2015 ($-40 Mil) and declined from Dec. 2015 ($-40 Mil) to Dec. 2016 ($-149 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.

E*TRADE Financial Corp Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2016 was -34 (Mar. 2016 ) + -35 (Jun. 2016 ) + -62 (Sep. 2016 ) + -18 (Dec. 2016 ) = $-149 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.

E*TRADE Financial Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
IS_CreditLossesProvision 6401,5841,49877944135514336-40-149

E*TRADE Financial Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
IS_CreditLossesProvision 1053-25-23-34-35-62-18-14
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