What to watch as fourth-quarter earnings kick into high gear

U.S. corporate reporting season is expected to show lackluster profit growth, and it has already gotten off to a bumpy start, with big banks kicking off the fourth quarter to mixed investor reaction so far on the stock market.

Among the large banks, JPMorgan Chase & Co and Citigroup reported results that beat expectations, while Goldman Sachs Group Inc and Wells Fargo & Co missed. With 2019 being a relatively sluggish year for profits, the stock market's ascent reflected a rising valuation on equities.

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