Citigroup NYSE – Citigroup earns $4.4 billion in Q1

Citigroup Inc. profit more than doubled, beating analysts’ estimates as the global economic rebound trimmed costs for bad loans and boosted revenue from consumer banking. First-quarter net income of $4.43 billion followed a loss of $7.58 billion in the fourth quarter and a profit of $1.59 billion in the first three months of 2009, New [...]

Primerica – Insurance Business Jumps on First Day After $320 Million IPO

April 1 (Bloomberg) — Primerica Inc., the insurance business that Sanford I. “Sandy” Weill used to build Citigroup Inc., jumped in its first day of trading after convincing buyers to pay more than the forecast price range for its shares in a $320 million initial public offering.

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