E*TRADE Financial (LTS:0IEO) 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

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-40.00

-149.00

-168.00

-86.00

-51.00

*ETRADE 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															-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.

E*TRADE Financial (LTS:0IEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » E*TRADE Financial Corp (LTS:0IEO) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

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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.

E*TRADE Financial (LTS:0IEO) Headlines

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