Citigroup Profit Up, Misses Estimates

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Citigroup Inc. on Monday said second-quarter net profit more than quadrupled as legal costs fell, but earnings missed analysts’ estimates as revenue from fixed-income trading plunged.


Second-quarter net income increased to $5.1 billion (97 cents per share), from $1.1 billion (22 cents) in the like period a year earlier. Revenue fell 3 percent to $20.2 billion.


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