JPMorgan Earnings: Credit and Debit Spend Surges 7%

Earnings season’s here, with JPMorgan among the most visible names reporting Friday morning (Jan. 12). And the big bank’s metrics are showing evidence that consumer spending is still strong. But as management commentary on the call noted, spending may moderate as it outpaces any momentum in building up deposits. Credit losses are still in a projected range targeted in past earnings commentary. Supplemental materials offered by the company alongside the earnings announcement reported that debit and credit sp ...