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NEW YORK Oct 17, 2005 - Citigroup Inc., the nation's largest financial services firm, on Monday ... Citigroup's 3Q Earnings

NEW YORK Oct 17, 2005 - Citigroup Inc., the nation's largest financial services firm, on Monday reported third-quarter earnings rose 35 percent, including a hefty $2.12 billion gain from the sale of life insurance and annuities.

Citigroup said third quarter income grew to $7.14 billion, or $1.38 per share. Last year, Citigroup reported net income of $5.31 billion, or $1.02 per share. Earnings from continuing operations slipped 1 percent to $4.99 billion, or 97 cents per share, in the latest quarter.

"Corporate and investment banking revenues increased 35 percent, including record revenues in transaction services and strong revenue growth across fixed income markets, equity markets, and investment banking," said Chief Executive Charles Prince in a statement. "In Smith Barney, revenues grew 13 percent. We also continued to generate robust customer volume growth in our international consumer franchise, where revenues increased 10 percent."

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admin – Mon, 2005 – 10 – 17 11:06