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Citigroup profit rises on investment banking boost

Reuters

April 15 () - Citigroup Inc reported a 2 percent rise in quarterly earnings on Monday, as investment banking revenue surged and net interest margin expanded.

Net income rose to $4.71 billion, or $1.87 per share, for the first quarter ended March 31 from $4.62 billion, or $1.68 per share, a year earlier.

Revenue fell 2 percent to $18.58 billion.


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