Monday, April 16, 2007

UPDATE 2-Citigroup profit falls 11 pct, but trading surges

(Reuters) - Profit excluding items nevertheless topped analysts' forecasts, helped by surging trading gains, including 20 percent revenue gains from fixed-income capital markets and 26 percent from equity markets.

Net income fell for the third straight quarter, declining to $5.01 billion, or $1.01 per share, from $5.64 billion, or $1.12, a year earlier.


Read more at Reuters.com Bonds News

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