What you need to know on Wall Street today
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JPMorgan posted earnings of $1.76 a share, above the $1.65 consensus, with the consumer and community banking and corporate and investment banking units topping forecasts. You can read up on the key numbers here . And h ere are the key points from the memo JPMorgan's investment bank chief just sent to staff .Citigroup handily beat analysts' expectations, reporting third-quarter earnings of $1.42 per share, a nearly 8% beat. You can read up on the key details here .
Elsewhere on Wall Street, BlackRock is making a killing on the hottest investment product around . Goldman Sachs and JPMorgan are pitching a way to profit from the next financial collapse . HSBC named bank veteran John Flint as its new CEO . And Virtu, the "ultimate play" on volatility on Wall Street, is set for a rough quarter .
We asked dozens of young bankers to name their biggest Wall Street concern - and one answer came up over and over .
In deal news, a small Minnesota-based investment bank you've never heard of got in on a $3.6 billion Wall Street deal . Justice Department staff are likely to try and block a potential T-Mobile-Sprint mega deal . And Scott Galloway correctly predicted Amazon would buy Whole Foods - here's who he thinks Amazon should acquire next .
In markets, President Trump's claim that he's given stocks an " unprecedented " boost is dead wrong, according to Business Insider's Joe Ciolli. And traders are cranking up bets against the nation's biggest wine company as California wildfires rage .
And in economics, m any Federal Reserve officials are concerned that inflation will remain lower for longer , according to minutes of the policy meeting they held in September. Meanwhile, t he IMF says the super-wealthy aren't paying their fair share of taxes - and there could be terrible consequences .Lastly, a quaint, family-run pub in the UK was just voted the best restaurant in the world by travelers .