Market Cap : 130.04 B | Enterprise Value : 132.11 B | P/E (TTM) : 76.54 | P/B : 0.80 |
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Wells Fargo's credit losses provision for the three months ended in Sep. 2020 was $751 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Sep. 2020 was $14,793 Mil.
Wells Fargo's quarterly credit losses provision increased from Mar. 2020 ($3,833 Mil) to Jun. 2020 ($9,565 Mil) but then declined from Jun. 2020 ($9,565 Mil) to Sep. 2020 ($751 Mil).
Wells Fargo's annual credit losses provision declined from Dec. 2017 ($2,528 Mil) to Dec. 2018 ($1,744 Mil) but then increased from Dec. 2018 ($1,744 Mil) to Dec. 2019 ($2,687 Mil).
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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 Sep. 2020 was 644 (Dec. 2019 ) + 3833 (Mar. 2020 ) + 9565 (Jun. 2020 ) + 751 (Sep. 2020 ) = $14,793 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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