Citigroup Posts $2.2 Billion Profit

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Citigroup posted second-quarter earnings of $2.2 billion Monday, marking its third straight quarterly profit and beating Wall Street expectations, as the bank continued to trim its loan loss reserves thanks to improving credit trends.

Earnings for the banking giant came in at 7 cents per share, compared to a loss of 27 cents per share during the period a year ago.

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(Read More: CNN Money)