DFSPB_CL.PFD (Discover Financial Services) Credit Losses Provision : $5,618.00 Mil (As of Jun. 2024)

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What is Discover Financial Services Credit Losses Provision?

Discover Financial Services's credit losses provision for the three months ended in Jun. 2024 was $739.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jun. 2024 was $5,618.00 Mil.

Discover Financial Services's quarterly credit losses provision declined from Dec. 2023 ($1,909.00 Mil) to Mar. 2024 ($1,497.00 Mil) and declined from Mar. 2024 ($1,497.00 Mil) to Jun. 2024 ($739.00 Mil).

Discover Financial Services's annual credit losses provision increased from Dec. 2021 ($218.00 Mil) to Dec. 2022 ($2,359.00 Mil) and increased from Dec. 2022 ($2,359.00 Mil) to Dec. 2023 ($6,018.00 Mil).

Discover Financial Services Credit Losses Provision Historical Data

The historical data trend for Discover Financial Services'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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Discover Financial Services Credit Losses Provision Chart

Discover Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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3,231.00

5,134.00

218.00

2,359.00

6,018.00

Discover Financial Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Credit Losses Provision	Get a 7-Day Free Trial															1,702.00	1,909.00	1,497.00	739.00	1,473.00

Discover Financial Services 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,618.00 Mil.

Discover Financial Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Discover Financial Services (NYSE:DFSpB_CL.PFD) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

DFS:USA 0IBC:UK DC7:Germany DC7:Germany DFS:Austria

Address

2500 Lake Cook Road, Riverwoods, IL, USA, 60015

Website

https://www.discover.com

Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts and personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.