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Discover Financial Services  (NYSE:DFS) Credit Losses Provision: $2,249 Mil (As of Jun. 2017)

Discover Financial Services's credit losses provision for the three months ended in Jun. 2017 was $640 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2017 was $2,249 Mil.

Discover Financial Services's quarterly credit losses provision increased from Dec. 2016 ($578 Mil) to Mar. 2017 ($586 Mil) and increased from Mar. 2017 ($586 Mil) to Jun. 2017 ($640 Mil).

Discover Financial Services's annual credit losses provision increased from Dec. 2014 ($1,443 Mil) to Dec. 2015 ($1,512 Mil) and increased from Dec. 2015 ($1,512 Mil) to Dec. 2016 ($1,859 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Discover Financial Services Annual Data

Nov07 Nov08 Nov09 Nov10 Nov11 Nov12 Dec13 Dec14 Dec15 Dec16
Credit Losses Provision Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 848.00 1,086.00 1,443.00 1,512.00 1,859.00

Discover Financial Services Quarterly Data

Aug12 Nov12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Credit Losses Provision Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 412.00 445.00 578.00 586.00 640.00

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 Jun. 2017 was 445 (Sep. 2016 ) + 578 (Dec. 2016 ) + 586 (Mar. 2017 ) + 640 (Jun. 2017 ) = $2,249 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Headlines

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