Citi’s slightly higher earnings pulled down by mortgage revenue in Q1

    Citi’s slightly higher earnings pulled down by mortgage revenue in Q1

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    Citigroup reported Friday a slight increase in its earnings from last year, but this was not thanks to its mortgage banking revenues, which actually pulled earnings down slightly. While the bank doesn’t say much on its mortgage activity, Citi did report that if it excludes mortgage revenues, its retail banking revenue increase doubles.