Citigroup, the world's biggest financial services group, has reported that its fourth quarter profit almost doubled compared with the same period a year earlier to $4.76 billion.
The earnings, lifted by growing revenues and cost cutting, amounted to 91 cents a share, slightly better than expected by Wall Street analysts.
Revenues for the period were up 13% from a year ago to $20.2 billion.
Today's results include a $242m charge for credit and trading losses related to the fraud announced last month at Italian dairy group Parmalat.
