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Here is what you need to know.
JPMorgan beats earnings expectations after accounting for $2.4 billion hit from tax reform. The firm is the first of the big banks to report in what is expected to be an unconventional earnings cycle for the industry, mostly on account of the late-arriving tax law that has caused many banks to book losses on deferred tax assets that declined in value.
Strategy - Earnings - Season - Purchase - Options
There's a strategy that may help you crush earnings season. It involves the purchase of options straddles that are cheap relative to history and that capture a company's earnings period, and it has provided outsize returns for the past two decades.
An infamous mystery trader refuses to give up on a bet that the stock market will go nuts. A trader just rolled over a massive volatility bet that could pay out $262.5 million if all goes according to plan.
Dropbox - Paperwork - Company - Valuation - Funding
$10 billion Dropbox has filed the paperwork to go public. The company, which grabbed a $10 billion valuation during a 2014 funding round, plans to list shares in the first half of the year, the report says.
Nomura says there's a 1 in 4 chance of a 2nd EU referendum and it would send the pound surging. Talk of a second referendum — long favored...
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