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"We had a strong finish to 2016, bringing momentum into this year," Chief Executive Michael Corbat said in a statement. Citi's net income rose to $3.57 billion, or $1.14 per share, in the quarter ended Dec. 31, from $3.34 billion, or $1.02 per share, a year earlier, topping the average analyst estimate of $1.12 per share, according to Thomson Reuters I/B/E/S.
Top seed Andy Murray sped into the Australian Open third round on Wednesday but bad boy Nick Kyrgios was booed and accused of not trying as he crashed to a stormy defeat. Roger Federer progressed despite unexpected resistance and women's world number one Angelique Kerber celebrated her 29th birthday with a hard-fought win. Murray painfully rolled an ankle and needed treatment in the third set against Russian qualifier Andrey Rublev, but he shook off the problem to win 6-3, 6-0, 6-2.