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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Record high stocks pause to gauge Sino-US trade outlook, company earningsWorld stocks eased off record highs on Wednesday and U.S. and German bond yields slipped as euphoria over a Sino-U.S. trade deal was depleted by U.S.
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