Citigroup Fourth-Quarter Profit Up

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Citigroup Inc. on Friday said its profit rose 30 percent in the fourth quarter, largely on strength in its international operations and a gain on the sale of its asset management business. Excluding the sale, however, earnings were below expectations.


The company said net income totaled $6.93 billion ($1.37 per share) in the October-December period, up from $5.32 billion ($1.02) a year earlier.


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