Citigroup on Monday said its net profit in the third quarter rose to $3.8 billion, boosted by lower losses from loans.
That's up from income of $2.2 billion during the same quarter last year.
Net income was $1.23 per share, on revenue of $20.86 billion.
The New Yorki-based bank said losses from bad loans fell 41 per cent during the quarter to $4.5 billion as defaults fell from its credit card loans.
Shares of Citi were up in pre-opening trading on Monday.
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