Out with their Q2 earnings.

  • Saw US credit card retail spending up 9% from Q2 2012
  • Small business loan originations and commitments up 24% from a year ago
  • Increased specialised sales force of financial advisors, mortgage loan officers and SME bankers to more than 6800 +21% from Q2 2012

Paints a picture of improving consumer and business activity but marking results to a year ago smacks of the old accounting smoke and mirrors trick.