Citigroup Chief Executive Vikram Pandit, whose company's share price fell below $1 last week, said it was profitable in the first two months of 2009.
Citigroup projects it will report $8.3billion in earnings for this year's first quarter, excluding taxes, credit losses and one-time charges.
After the announcement, it share price up from lowest US$0.97 to today US$ 3.08.
But, was it really profitable since it exclude all taxes, credit losses and one-time charges?
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