Citigroup Profit Rises, Ups Dividend
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Citigroup Inc. C.N, the world's  largest financial services company, on Thursday said  fourth-quarter profit rose 12 percent, helped by growth in its  consumer and investment banking businesses.
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Citigroup Inc on Tuesday said it is raising at least $14.5 billion and cutting its quarterly dividend 41 percent to help shore up a capital base depleted by losses on subprime mortgages and consumer credit.
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U.S. stocks rallied on Thursday, with the S&P 500 touching a six-year high and the Nasdaq jumping more than 1 percent, after higher-than-expected earnings from companies, including Ciena and Costco, improved the outlook for steady profit growth.
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Procter & Gamble Co. PG.N  on  Wednesday posted higher quarterly profit, boosted by sales of  new products and continued gains in developing markets.
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Insurer UnitedHealth Group Inc.  said on Thursday that second-quarter profit rose, helped by higher premium revenue and favorable operating margins.
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U.S. investment bank Lehman Brothers  Holdings Inc.  on Thursday said its fiscal  fourth-quarter profit rose 22 percent on increased income from  mergers, offerings and trading.
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Insurer UnitedHealth Group Inc.   said on Thursday that second-quarter profit rose,  helped by higher premium revenue and favorable operating  margins.
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Jeans and casual pants maker Levi  Strauss &amp; Co. on Tuesday said quarterly profit rose, helped by  tax benefits and lower interest expenses, although sales fell.
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Citigroup Inc.'s C.N fourth-quarter  profit rose 12 percent to a record as its consumer and  investment banking businesses grew, but it said 2005 profit  will likely be near the low end of Wall Street estimates.
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U.S. investment bank Lehman Brothers Holdings Inc.  on Thursday said its fiscal fourth-quarter profit rose 22 percent on increased income from mergers, offerings and trading.
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MBNA Corp., a top issuer of credit  cards, on Thursday said fourth-quarter profit rose and it set a  17 percent quarterly dividend increase but said it will take a  hefty charge and look to consolidate some facilities as it  reduces headcount.
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Citigroup Inc  on Tuesday cut its quarterly dividend 41 percent, and said it is raising $14.5 billion from offerings of convertible preferred securities.
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Investment bank Lehman Brothers Holdings Inc. , said on Tuesday second quarter profit rose, helped by a surge in investment banking revenue.
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Citigroup Inc. and Bank of America  Corp. on Thursday posted double-digit gains in third-quarter  profit, driven by growth in consumer lending, deposits and  credit cards.
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CME Group Inc.  said on Tuesday that quarterly profit rose as the company focused on completing a merger between the two largest U.S. futures exchanges.
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Lehman Brothers Holdings Inc.   on Tuesday said quarterly profit rose 27 percent, beating  expectations, on surging revenue from bond underwriting and  stock trading.
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NEW YORK -- Citigroup Inc., the biggest U.S. bank, said Friday its second-quarter profit rose 18 percent after pulling in record revenues, driven largely by strength in overseas operations.