Comerica (BSP:C1MA34) Credit Losses Provision : R$358 Mil (As of Mar. 2024)

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What is Comerica Credit Losses Provision?

Comerica's credit losses provision for the three months ended in Mar. 2024 was R$70 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was R$358 Mil.

Comerica's quarterly credit losses provision declined from Sep. 2023 (R$69 Mil) to Dec. 2023 (R$59 Mil) but then increased from Dec. 2023 (R$59 Mil) to Mar. 2024 (R$70 Mil).

Comerica's annual credit losses provision increased from Dec. 2021 (R$-2,171 Mil) to Dec. 2022 (R$315 Mil) and increased from Dec. 2022 (R$315 Mil) to Dec. 2023 (R$436 Mil).

Comerica Credit Losses Provision Historical Data

The historical data trend for Comerica'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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Comerica Credit Losses Provision Chart

Comerica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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303.73

2,762.70

-2,171.48

314.72

436.08

Comerica 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															156.26	160.17	69.14	58.80	69.72

Comerica 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was R$358 Mil.

Comerica (BSP:C1MA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Comerica Inc (BSP:C1MA34) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

CMA:USA CA3:Germany

Address

1717 Main Street, Comerica Bank Tower, MC 6404, Dallas, TX, USA, 75201

Website

https://www.comerica.com

Comerica is a financial services company headquartered in Dallas. It is primarily focused on relationship-based commercial banking. In addition to Texas, Comerica's other primary geographies are California and Michigan, with locations also in Arizona and Florida and select businesses operating in several other states as well as Canada.

Comerica (BSP:C1MA34) Headlines

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