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The Economic Times
The Economic Times
Business

US stocks: Citi profit jumps 40% with higher investment banking, services and wealth revenue

Citigroup's third-quarter profit rose 40% compared to a year earlier, helped by stronger investment banking revenue and transactions with multinational companies as well as higher wealth management earnings.

Trading profits gained only 2% over a year ago and fell 27% against the previous quarter, mainly due to a drop in equity trading revenue.

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