Citigroup Earnings Up 74 Percent

Vikram Pandit, chief executive officer of Citigroup Inc., speaks at an Executives' Club of Chicago luncheon in Chicago, Illinois, U.S., on Thursday, Feb. 17, 2011. Pandit said new U.S. banking rules may mean tighter credit and less access for borrowers because of costs imposed on lenders. Photographer: Tim Boyle/Bloomberg via Getty Images Photo: Bloomberg/2011 Bloomberg

The bank that received some $476.2 billion in cash and guarantees during the bailout — the most of all recipients — is doing okay for themselves again. Thee years later, third quarter profits total $3.8 billion, up 74 percent, making for a seventh-straight profitable quarter. Poor performances on the investment banking side, as well as big losses in domestic mortgages, kept revenue flat at $20.8 billion, but a paper gain of almost $2 billion makes earnings look all right. CEO Vikram Pandit said, "Citi continues to navigate a challenging economic environment and delivered another quarter of solid operating results." We hear they've also helped inspire a protest.

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Citigroup Earnings Rise 74% to $3.8 Billion [DealBook/NYT]