Article: Citigroup profit rises 4 percent in first quarter, beats Wall Street projections

JOE BEL BRUNO, AP Business Writer
AP Worldstream
04-17-2006
Dateline: NEW YORK
Citigroup Inc., the United States' largest financial institution, on Monday reported its first-quarter profit rose 4 percent, beating Wall Street projections due to record investment banking returns.

The company reported a profit of $5.64 billion (euro4.66 billion), or $1.12 per share, for the January-March period, up from $5.44 billion, or $1.04 per share, in the year-ago period. Earnings from continuing operations rose 13 percent to $1.11 per share.

The New York-based financial services powerhouse reported record fixed-income returns and a strong performance from the equity markets helped lift revenue from ...

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