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GuruFocus has detected 4 Warning Signs with PNC Financial Services Group Inc $PNC.
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PNC Financial Services Group Inc (NYSE:PNC)
Credit Losses Provision
$440 Mil (TTM As of Sep. 2016)

PNC Financial Services Group Inc's credit losses provision for the three months ended in Sep. 2016 was $87 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2016 was $440 Mil.

PNC Financial Services Group Inc's quarterly credit losses provision declined from Mar. 2016 ($152 Mil) to Jun. 2016 ($127 Mil) and declined from Jun. 2016 ($127 Mil) to Sep. 2016 ($87 Mil).

PNC Financial Services Group Inc's annual credit losses provision declined from Dec. 2013 ($643 Mil) to Dec. 2014 ($273 Mil) and declined from Dec. 2014 ($273 Mil) to Dec. 2015 ($255 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.

PNC Financial Services Group Inc Credit Losses Provision for the trailing twelve months (TTM) ended in Sep. 2016 was 74 (Dec. 2015 ) + 152 (Mar. 2016 ) + 127 (Jun. 2016 ) + 87 (Sep. 2016 ) = $440 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.

PNC Financial Services Group Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
IS_CreditLossesProvision 3151,5173,9302,5021,152987643273255433

PNC Financial Services Group Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
IS_CreditLossesProvision 5552544681741521278767
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