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Finance Latest News: Citigroup Reports 26% Rise in Adjusted Quarterly Profit

Wochit 0:35 mins

Citigroup Inc reported a 26 percent rise in adjusted quarterly profit as stronger home prices reduced losses on mortgages and trading revenue rebounded. Citigroup is reporting earnings that beat Wall Street's expectations for the second quarter. Former Microsoft engineer Ray Ozzie joins two other directors as HP expands its board to a dozen members.

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