CITIGROUP posted a $4.43bn (£2.9bn) first-quarter profit as losses from bad loans declined.
The third-largest US bank posted net income to shareholders of 15 cents a share, compared with a shareholder loss of 18 cents a share, or $966m, a year earlier.
Citigroup has been one of the biggest losers in the banking crisis but is now bouncing back.
In a statement chief executive Vikram Pandit warned that Citigroup's road to full recovery could remain difficult.
He said: “Realistically, we do not expect our performance to follow an invariable trend-line upward," he said, but added that the bank’s long-term prospects were “bright.”