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Here's how the Costco portfolio has strengthened Citigroup (COST, C)

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. In its Q3 2016 earnings report, Citigroup noted ongoing gains from the acquisition of the US Costco store card portfolio, which it purchased from American Express in June. The Costco portfolio has led to increased card revenue. There was a 15% increase in Citi-branded cards revenue, which reached $2.
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