Citigroup's Profit Better Than Expected - Presented by: The Aol. On Network

Getting rid of more of its bad assets helped pump up Citigroup's adjusted profit 26 percent in the second quarter. Its profit of $3.9 billion easily beating estimates. Its Citi Holdings unit shrank its unwanted assets 31 percent as well as its net loss. Also helping boost earnings: a 25 percent increase in its securities trading business. And Citi managed to lessen its net credit losses.



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