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GuruFocus has detected 4 Warning Signs with Wells Fargo & Co $WFC.
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Wells Fargo & Co (NYSE:WFC)
Credit Losses Provision
$3,289 Mil (TTM As of Mar. 2017)

Wells Fargo & Co's credit losses provision for the three months ended in Mar. 2017 was $605 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2017 was $3,289 Mil.

Wells Fargo & Co's quarterly credit losses provision stayed the same from Sep. 2016 ($805 Mil) to Dec. 2016 ($805 Mil) but then declined from Dec. 2016 ($805 Mil) to Mar. 2017 ($605 Mil).

Wells Fargo & Co's annual credit losses provision increased from Dec. 2014 ($1,395 Mil) to Dec. 2015 ($2,442 Mil) and increased from Dec. 2015 ($2,442 Mil) to Dec. 2016 ($3,770 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.

Wells Fargo & Co Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2017 was 1074 (Jun. 2016 ) + 805 (Sep. 2016 ) + 805 (Dec. 2016 ) + 605 (Mar. 2017 ) = $3,289 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.

Wells Fargo & Co Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
IS_CreditLossesProvision 4,93915,97921,66815,7537,8997,2172,3091,3952,4423,770

Wells Fargo & Co Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
IS_CreditLossesProvision 4856083007038311,0861,074805805605
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