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E*Trade Financial Corp's credit losses provision for the three months ended in Jun. 2014 was $12 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2014 was $71 Mil.
E*Trade Financial Corp's quarterly credit losses provision declined from Dec. 2013 ($17 Mil) to Mar. 2014 ($4 Mil) but then increased from Mar. 2014 ($4 Mil) to Jun. 2014 ($12 Mil).
E*Trade Financial Corp's annual credit losses provision declined from Dec. 2011 ($441 Mil) to Dec. 2012 ($355 Mil) and declined from Dec. 2012 ($355 Mil) to Dec. 2013 ($143 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.
E*Trade Financial Corp Credit Losses Provision for the trailing twelve months (TTM) ended in Jun. 2014 was 37.399 (Sep. 2013 ) + 17.273 (Dec. 2013 ) + 4 (Mar. 2014 ) + 12 (Jun. 2014 ) = $71 Mil.
E*Trade Financial Corp Annual Data
E*Trade Financial Corp Quarterly Data