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October 19, 2010

WBrief: Citi PB revenues slightly down

By Spear's

Citi Private Bank’s revenues in the third quarter were $497 million, down $15 million, or 3 per cent, from the previous quarter. Revenues year-to-date versus the same period in 2009 remained flat at $1.5 billion, the bank reported yesterday.

Citi Private Bank’s revenues in the third quarter were $497 million, down $15 million, or 3 per cent, from the previous quarter. Revenues year-to-date versus the same period in 2009 remained flat at $1.5 billion, the bank reported yesterday.

Parent Citigroup reported third quarter net income of $2.2 billion or $0.07 per diluted share, marking its third consecutive quarterly operating profit. Citigroup income from continuing operations, which excludes an $800 million pre-tax ($435 million after-tax) loss on the previously announced sale of The Student Loan Corporation, was $2.6 billion or $0.08 per diluted share in the third quarter of 2010. In the first nine months of 2010, Citigroup earned $9.3 billion of net income and $9.6 billion of income from continuing operations.

To read the full story, visit wealthbriefing.com

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