Specialist Jason Hardzewicz, left, and trader Michael Zicchinolfi work on the floor of the New York Stock Exchange Friday, Jan. 10, 2014. (AP Photo/Richard Drew)
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After the S&P 500's impressive 30 percent return in 2013, Wall Street will get a better picture of reality this week as the pace picks up for companies reporting earnings.A number of big banks are due to report quarterly and full-year results next week, including JPMorgan Chase & Co. and Wells Fargo & Co. Tuesday, Bank of America Corp. Wednesday, Goldman Sachs Group Inc and Citigroup Inc Thursday, and Morgan Stanley Friday. For the S&P 500 companies as a whole, fourth-quarter profit growth is expected to have increased 7.7 percent from a year ago, while revenue is expected to have risen just 0.4 percent, Thomson Reuters data showed. The benchmark S&P 500 rose 9.9 percent in the fourth quarter of last year, while it jumped 29.6 percent for 2013, its best year since 1997 .The stock's price has moved about 8.5 percent up or down during the past nine conferences, going in the positive direction during seven of the nine events, according to Goldman Sachs.
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