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E*TRADE Financial (E*TRADE Financial) Credit Losses Provision : $-26 Mil (As of Jun. 2020)


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What is E*TRADE Financial Credit Losses Provision?

E*TRADE Financial's credit losses provision for the three months ended in Jun. 2020 was $-1 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2020 was $-26 Mil.

E*TRADE Financial's quarterly credit losses provision increased from Dec. 2019 ($-19 Mil) to Mar. 2020 ($6 Mil) but then declined from Mar. 2020 ($6 Mil) to Jun. 2020 ($-1 Mil).

E*TRADE Financial's annual credit losses provision increased from Dec. 2017 ($-168 Mil) to Dec. 2018 ($-86 Mil) and increased from Dec. 2018 ($-86 Mil) to Dec. 2019 ($-51 Mil).

E*TRADE Financial Credit Losses Provision Historical Data

The historical data trend for E*TRADE Financial'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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E*TRADE Financial Credit Losses Provision Chart

E*TRADE Financial Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Credit Losses Provision
Get a 7-Day Free Trial Premium Member Only Premium Member Only -40.00 -149.00 -168.00 -86.00 -51.00

E*TRADE Financial Quarterly Data
Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20
Credit Losses Provision Get a 7-Day Free Trial 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 -8.00 -12.00 -19.00 6.00 -1.00

E*TRADE Financial 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 Jun. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-26 Mil.

* 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.

E*TRADE Financial (E*TRADE Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » E*TRADE Financial Corp (NAS:ETFC) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
N/A
Address
671 North Glebe Road, Ballston Tower, Arlington, VA, USA, 22203
Website
https://us.etrade.com
E-Trade is one of the largest direct-to-investor platforms in the United States and housed over $500 billion of invested assets and client cash at the end of 2019. The company generates interest income on noninvested cash on its platform, trading commissions, service charges including payment for order flow, and fees from stock plan administration. Almost all the company's revenue is generated within the U.S.
Executives
Richard J Carbone director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR 10036-9992, NEWARK NJ 10036-9992
Joshua Weinreich director C/O ANJIE LAROCCA, DEUTSCHE BANK, 345 PARK AVENUE, NEW YORK NY 10154
Chad E. Turner officer: Chief Financial Officer 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Alice Milligan officer: EVP, Chief Customer Officer 11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Lori Sher officer: EVP, General Counsel 11 TIMES SQUARE 32ND FLOOR NEW YORK NY 10036
Michael Jos. Murphy officer: Sr. MD, Retail Brokerage 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036
Dirk W Wyckoff officer: Principal Accounting Officer 671 N GLEBE ROAD ARLINGTON VA 22203
Donna L Weaver director C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
Jaime Wallace Ellertson director C/O SI CORP, 3500 LENOX ROAD SUITE 200, ATLANTA GA 30326
Rodger A Lawson director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Shelley B Leibowitz director C/O MORGAN STANLEY, 1585 BROADWAY, NEW YORK NY 10036
Rebecca Saeger director C/O E*TRADE FINANCIAL CORP., 11 TIMES SQUARE, 32ND FLOOR, NEW YORK NY 10036-9992
Michael John Curcio officer: EVP, Institutional C/O E*TRADE FINANCIAL CORP. 11 TIMES SQUARE, 32ND FLOOR NEW YORK NY 10036-9992
James Lam director C/O DAVIS POLK & WARDWELL LLP 450 LEXINGTON AVE NEW YORK NY 10017
Matthew Minetola officer: Chief Information Officer 300 GALLERIA PARKWAY, NW ATLANTA GA 30339