Bank of America (Bank of America) Credit Losses Provision : $4,782.00 Mil (As of Dec. 2023)

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What is Bank of America Credit Losses Provision?

Bank of America's credit losses provision for the three months ended in Dec. 2023 was $1,104.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $4,782.00 Mil.

Bank of America's quarterly credit losses provision increased from Jun. 2023 ($1,125.00 Mil) to Sep. 2023 ($1,234.00 Mil) but then declined from Sep. 2023 ($1,234.00 Mil) to Dec. 2023 ($1,104.00 Mil).

Bank of America's annual credit losses provision increased from Dec. 2021 ($-4,594.00 Mil) to Dec. 2022 ($2,543.00 Mil) and increased from Dec. 2022 ($2,543.00 Mil) to Dec. 2023 ($4,394.00 Mil).

Bank of America Credit Losses Provision Historical Data

The historical data trend for Bank of America's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank of America Credit Losses Provision Chart

Bank of America Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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3,590.00

11,320.00

-4,594.00

2,543.00

4,394.00

Bank of America Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															931.00	1,125.00	1,234.00	1,104.00	1,319.00

Bank of America Credit Losses Provision Calculation

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.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $4,782.00 Mil.

Bank of America (Bank of America) Business Description

Industry

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Address

100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255

Website

https://www.bankofamerica.com

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.