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What you need to know on Wall Street today

Hello. Here's what you need to know on Wall Street today.

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox.

JPMorganandCitigroupannounced first-quarter earnings on Friday, with both beating solidly. The two banks also posted gains in markets revenue, with JPMorgan's markets revenueup 7% on an underlying basisand Citigroup'stotal markets and securities securities revenue up 3%.

Those gains were driven by equities revenue, with JPMorgan posting record equities revenue of $2 billion and Citigroup posting a 38% gain in equities revenue to $1.1 billion. Here's the latest:

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  • JPMorgan beats, profits jump 35%

is looking to hire 60 people for Marquee, an API store inspired by the firm's CFO Marty Chavez, people familiar with the matter told Business Insider.

In markets news:

  • J
  • PMorgan says stocks are about to shatter a postcrisis record — and most of Wall Street could be caught off guard
  • The volatility that rocked stocks was just the beginning — and 2 markets are at the epicenter of impending chaos, SocGen says
  • Oil has "one last gush on the horizon"
  • 13 stocks will see explosive sales growth that will help them crush earnings season, Goldman Sachs says

Lastly, in tech news:

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  • Zuckerberg's Congressional appearance went okay, but some on Wall Street still worry the Cambridge Analytica scandal will hurt its business
  • A key Dropbox exec quit just weeks after its blockbuster IPO — but experts say it could be good in the long run

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