Citibank continues to cut expenses and clean up its books in wake of financial crisis. (AP Photo/Eric Risberg)
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Citigroup said Thursday its earnings jumped 36 percent in the third quarter as the bank continued to cut expenses and clean up its books in the wake of the mess of the financial crisis.That compares with earnings of $2.94 billion, or 95 cents a share, in the same period a year earlier.Citi's latest earnings beat analysts' estimates of $1.27 a share, according to FactSet.Overall, Citi's revenue was $18.5 billion after the accounting adjustment, compared with $20.06 billion the year before.
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