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Citigroup, Bank of America Quarterly Profits Up - 2003-07-14


Two U.S. financial giants say their credit card and mortgage services helped boost quarterly profits.

Citigroup said Monday its net profit for the second quarter reached $4.3 billion - an increase of more than five percent from last year.

Bank of America says its profits for the same quarter jumped more than 23 percent to $2.74 billion.

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