JPMorgan posted results on Friday Oct 12 that beat the Street on headline numbers top and bottom based on traction in consumer spending and also showed growth in its mobile and digital initiatives The bank is among a trio including Citigroup and Wells Fargo that typically kick off earnings season According to reports the company said that average core loans were up 6 percent year on year a tally that excludes corporate and investment banking activity Loans during the period came to just under 425 billion Drilling down a bit card loans were 147 billion up 5 percent year on year to 1479 billion a 2 percent gain In reference to the consumer too consumer and community banking revenues were up 1 percent to 133 billion In terms of headline results earnings of 234 were eight cents higher than consensus The total revenues were up 5 percent to 278 billion better than 275 billion expected Overall digital customers grew by 5 percent to 486 million in the latest quarter year over year That was outpaced by mobile customers which grew by 11 percent over the same timeframe and at the end of the latest period was 325 million in the aggregate As for the health of the consumer the provision for credit losses was 948 million in the quarter from 12 billion in the second quarter so this is a sequential decline it is also down from 15 billion last year The decline comes amid a release in reserves after a period of building reserves last year Supplemental materials released by the company show that card spending excluding commercial cards was up 12 percent to 176 billion in terms of sales volume New account openings were flat at 19 million Also germane to consumer spending auto loan and lease origination volume was down 8 percent to 81 billion