Discover Financial Services (Discover Financial Services) Allowance For Loans And Lease Losses : $-9,283 Mil (As of Dec. 2023)

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What is Discover Financial Services Allowance For Loans And Lease Losses?

Discover Financial Services's Allowance For Loans And Lease Losses for the quarter that ended in Dec. 2023 was $-9,283 Mil.

Discover Financial Services's quarterly Allowance For Loans And Lease Losses declined from Jun. 2023 ($-8,064 Mil) to Sep. 2023 ($-8,665 Mil) and declined from Sep. 2023 ($-8,665 Mil) to Dec. 2023 ($-9,283 Mil).

Discover Financial Services's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-6,822 Mil) to Dec. 2022 ($-7,374 Mil) and declined from Dec. 2022 ($-7,374 Mil) to Dec. 2023 ($-9,283 Mil).

Discover Financial Services Allowance For Loans And Lease Losses Historical Data

The historical data trend for Discover Financial Services's Allowance For Loans And Lease Losses 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 Allowance For Loans And Lease Losses Chart

Discover Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-3,383.00

-8,226.00

-6,822.00

-7,374.00

-9,283.00

Discover Financial Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-7,691.00	-8,064.00	-8,665.00	-9,283.00	-9,258.00

Discover Financial Services Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Discover Financial Services Allowance For Loans And Lease Losses Related Terms

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Discover Financial Services (Discover Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Discover Financial Services (NYSE:DFS) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

DC7:Germany DC7:Germany

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, students loans, and other 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.

Executives

Kathy Lonowski	director	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Michael Shepherd	director	567 HALE STREET, PALO ALTO CA 94301
Jason Strle	officer: EVP, Chief Information Officer	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Jason P. Hanson	officer: EVP, Pres. - Payment Services	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Daniela O'leary-gill	director	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Beverley A Sibblies	director	2700 SANDERS ROAD, PROSPECT HEIGHTS IL 60070
Robert Andrew Eichfeld	officer: EVP - Chief HR & Admin Officer	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Carlos Minetti	officer: EVP, Pres. - Consumer Banking	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Hope Mehlman	officer: EVP, Chief Legal Officer & GC	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Michael H Moskow	director	444 WEST LAKE STREET, STE. 4700, CHICAGO IL 60606
John B Owen	director	REGIONS FINANCIAL CORPORATION, 1900 5TH AVENUE NORTH, 21ST FLOOR, BIRMINGHAM AL 35203
John Greene	officer: EVP & Chief Financial Officer	51 LIME STREET, LONDON X0 EC3M 7DQ
Shifra Kolsky	officer: SVP, Controller and CAO	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Michael E Roemer	officer: EVP, Chief Risk Officer	AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270
Daniel Peter Capozzi	officer: EVP, Pres - Cr Ops & Dec Mgmt	2500 LAKE COOK ROAD, RIVERWOODS IL 60015