Trading business lifts Citigroup's profits

New York • Citigroup reported a first quarter profit that beat analysts’ expectation Thursday. Like its competitors, Citi benefited from higher trading revenue and interest rates. The New York-based bank said it earned $4.1 billion, or $1.35 a share, compared with $3.5 billion, or $1.10 a share, in the same period a year earlier. Analysts were looking for Citi to earn $1.23 a share, according to FactSet. Citi had a strong quarter in its investment banking division, as well as consumer banking bu...

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