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Citigroup Inc.’s first-quarter profit fell 46%, dragged down by higher expenses and potential losses from its exposure to Russia.

Profit fell to $4.31 billion, or $2.02 per share, compared with analysts’ forecast for $1.43 per share. A year ago, Citigroup posted a profit of $7.94 billion, or $3.62 per share.

Source: WSJ

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