Ron Burgundy Posted July 15, 2013 Share Posted July 15, 2013 (Reuters) - Citigroup Inc reported a 26 percent rise in adjusted quarterly profit as stronger home prices reduced losses on mortgages and trading revenue rebounded. Adjusted net income rose to $3.89 billion, or $1.25 per share, in the second quarter, from $3.08 billion, or $1.00 per share, a year earlier, the third-largest U.S. bank by assets said on Monday. The adjusted results excluded the positive impact of changes in the value of the company's debt. (Reporting by David Henry in New York and Tanya Agrawal in Bangalore; Editing by Ted Kerr) View the full article Quote Link to comment Share on other sites More sharing options...
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