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citigroup April 16, 2007 - First Quarter Financial Supplement
Citigroup reported financial results for the first quarter of 2007, with the following highlights: - Net income decreased 11% to $5.012 billion compared to $5.639 billion in the first quarter of 2006. - Revenues increased 15% to $25.459 billion from $22.183 billion, driven by growth in Markets & Banking and Global Consumer segments. - Markets & Banking revenues increased 23% to $8.957 billion, while Global Consumer revenues grew 10% to $13.106 billion. - Results were impacted by a $871 million after-tax restructuring charge related to expense reduction initiatives.
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