Danske Bank warns on challenging markets after Brexit

Wells Fargo second-quarter earnings match estimates
Wells Fargo met earnings expectations, but missed slightly on revenue.

Citigroup earnings handily top Wall Street expectations
Citigroup reports quarterly earnings and revenue that easily beat analysts’ expectations.

JPMorgan’s earnings beat gives hope for big banks
JPMorgan Chase’s Thursday morning earnings might mean good news for other banks, according to one analyst.

Goodbye, ‘2-and-20’: Hedge funds under heavy pressure to cut fees
The hedge fund industry’s long-running fee structure finally may be on its way out.

Fed cares more about stock prices than economic data: Ex-Fed’s Warsh
The central bank’s recent decision-making has been “a bit puzzling,” former Fed Gov. Kevin Warsh tells CNBC.

Fed’s Lockhart says two rate increases still possible this year
Lockhart explained his view on Brexit and why it’s not a “Lehman moment” within the global economy.

Earnings are driving the market, at least for a day
This is the first real day of earnings season, and at least today earnings are driving the markets, not the macro picture.

Corporate bond defaults cross 100 — highest level since crisis
Fully 100 companies have defaulted on debt so far this year, 50 percent more than for the same period in 2015.

Ackman says Valeant has no current plans to sell core assets
He said that while it’s likely there will come a day where Valeant sells off its non-core assets, Bausch & Lomb will not be one.

Early movers: JPM, DAL, BLK, MON, YUM, UBS, GOOGL & more
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Your first trade for Thursday, July 14
The “Fast Money” traders share their first moves for Thursday’s market open.

One of America’s biggest banks is closing branches — but hiring tellers
JPMorgan is adding workers in a number of areas, even though it’s still cutting branches.

BlackRock posts second-quarter profits that meet estimates
BlackRock delivered quarterly earnings and revenue that met analysts’ expectations.

JPMorgan shares rise as earnings easily top estimates
“JPMorgan Chase continued to perform well in all of our major businesses,” says CEO Jamie Dimon.

Caution: Safety trades are less safe than investors think, expert says
The problem is that most investors are paying too much for traditional defensive trades.

Fed’s Harker now sees just up to 2 rate hikes this year
The Philadelphia Federal Reserve president slightly downgraded his expectations for monetary tightening.

Higher wages work in the financial industry, BankUnited CEO says
John Kanas discussed JPMorgan’s wage hike and the current state of wages for financial institutions.

Fed’s Beige Book: Economic activity increased at modest pace in most regions
There was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday.

Stock-picking active managers having their worst year … ever
Stock pickers were done in by two major factors: following the crowd and an uneven pattern of correlations.

Jamie Dimon is straying from Milton Friedman’s dogma, and that’s okay
By paying employees more, Jamie Dimon ensures that JPMorgan is considering value beyond shareholders’ needs, says BreakingViews’ Jeffrey Goldfarb.

Wall Street investment banks aren’t out of the woods yet
Consumer banks have outpaced Wall Street I-banks’ shares in recovering.

Investors are finally getting nervous about the US election
Investors finally are at long last getting around to thinking about the election. They may not get good news.

How the Brexit may have bought Italian banks a bailout
Consequences of other countries quitting the EU bought Italy a little leverage at a key time.

FANG? STUB? Traders are grasping for new acronyms to describe rally
First we had FANG, then briefly had STUB, but which acronym will traders use to describe the recent rally in equities?

Leaving London could cost Brexit-spooked banks $67 million
London-based banks looking to pack up after Brexit could end up spending as much as $66.5 million to relocate to the EU, a new report says.

‘Big money’ to be made if stocks fail to stay near current highs: Gundlach
DoubleLine Capital’s Jeffrey Gundlach said that there is “big money” to be made on the “short side” if equities fail to stay near current highs.

Fed’s Kashkari says no urgency to raise US interest rates
The Fed should not be in any hurry to raise rates because inflation is low and the economy is still short of full employment, a top Fed official said.

Early movers: VRX, TEVA, P, MET, JUNO, AMZN, TIF & more
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Your first trade for Wednesday, July 13
The “Fast Money” traders share their first moves for Wednesday.

Fed ‘very sensitive’ to strength of the dollar, Dallas Fed’s Kaplan says
The Federal Reserve is “very sensitive” to the strength of the dollar, a top Fed official said on Wednesday.

This is how much longer you now need to save for retirement
Today’s typical worker is now expecting to save for an additional seven years on average for their retirement, HSBC research suggests.

Fed’s Mester heartened by US job rebound in June, expects gradual rate rises
The sharp rebound in U.S. job growth last month eased concerns that the country’s labor market had regressed, a top Fed official said on Wednesday.

Wall Street hasn’t felt all the Brexit pain—yet
Banks’ earnings calls will likely have executives peppered with questions on their post-Brexit plans.

6 Fed banks wanted 0.25% hike in discount rate in June
Some Federal Reserve banks were in favor of raising the discount rate in June, but the central bank ultimately left it unchanged.

The missing factor in new highs: Dividends
The S&P is at a new high, but it has been there all year, once you factor in dividend gains of roughly 2.2 percent.

ETFs expected to nearly triple in US over next five years
The ETF industry has come a long way in 23 years, and indications are that it’s going to get bigger — a lot bigger.

Jamie Dimon explains why he’s giving JPMorgan employees a raise
J.P. Morgan Chase plans to raise pay for thousands of lower-tier employees over three years, CEO Jamie Dimon announced Tuesday in the New York Times.

Early movers: SBUX, AMC, FAST, ORCL, TSLA, UAL & more
Names on the move ahead of the open.

Despite blowout jobs report, Fed’s Bullard sticks with single rate hike view
The St. Louis Fed president on Tuesday stuck with his view that only a single interest rate increase will be needed for the foreseeable future.

Top US officials rejected push to prosecute HSBC: Lawmakers’ report
U.S. Department of Justice officials overruled recommendations to prosecute HSBC for money-laundering violations, according to a congressional report.

Anyone who understands central banks knows the Fed must hike ASAP
Evidence on economic growth, the labor market and consumer inflation suggests the next move toward rate adjustment is way overdue.

Financial stability should not become Fed’s third mandate: Mester
Financial stability should not be an explicit goal for the Fed, which should use interest rates only if more precise tools fail, an official said.

SEC investigating Tesla for possible securities law breach: DJ, citing source
The SEC is investigating Tesla Motors over a potential securities law breach, The Wall Street Journal reported.

Former FDIC Chair Sheila Bair expects more pain ahead for US banks
Brexit has reduced the likelihood of another Fed rate hike, Sheila Bair says.

Here’s why ending the earnings recession is a tall order
Second quarter earnings season will again see negative growth for the S&P 500.

Thanks to Uber, VC investment in unicorns sets $Multibillion record
Unicorns, privately held companies valued at $1 billion or more, are receiving the lion’s share of VC invested.

Enjoy the consumer bank stocks’ little run while it lasts
Analysts are almost universally bearish on consumer banks in the longer term.

Negative rates leading to ‘day of reckoning’ fear on Wall Street
The reason anyone would buy negative-yielding debt is actually pretty simple: Because they have to.

Big bank investors need to keep an eye on this metric, analyst says
With second-quarter earnings season on the horizon for U.S. banks, investors should keep an eye on fixed income trading operations.

Why US markets’ rock-star start may have further to go
Now that markets have hit a new high, “there should be plenty of upside to follow,” according to one firm.

Fed’s George says interest rates are currently too low
U.S. interest rates are too low given progress in the U.S. economy, Kansas City Fed President Esther George said on Monday.

Early movers: TWTR, CBS, WMT, BA, KMI, PEP, AZN & more
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Hunger for tech start-ups helps Japan’s Line price IPO at top of range
Japan’s Line Corp has priced its IPO at the top of its marketed range, putting the messaging app firm on course to raise up to $1.3 billion.

A riskier investment that’s becoming increasingly popular
The more Treasury yields fall, the more investors may decide they need to chase returns in junk bonds.

How Mother Nature may have delayed a rate hike
A cool spring may be responsible for May’s awful jobs report.

Here’s how the market is reading Brexit, expert says
U.S. stocks have virtually reclaimed all of their post-Brexit losses because of one thing, says Jim O’Sullivan.

Early movers: GPS, MCD, JUNO, VLKAY, HUM, AET, INTC & more
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