Citigroup, the world's biggest bank, on Thursday posted a record third-quarter net income of 5.31 billion dollars (4.3 billion euros), representing a 13 per cent profit rise and the highest net income recorded by the company for any quarterly period. Share price rose to 1.02 dollars per share, beating last year's price of. 90 dollars per share. The price was also three cents higher than most Wall Street forecasts. "Our third quarter results demonstrate the benefits of our diversified business platform, as strength in our consumer businesses offsets the impact of sluggish capital markets activity," said Charles Prince, Chief Executive Officer of Citigroup, in a statement. "Our consumer businesses delivered record results, with continued international business momentum, as income in cards, consumer finance and retail banking increased 29 per cent, 35 per cent and 15 per cent, respectively," the statement said.
