Citigroup profit falls 11 percent on weak trading

(Reuters) - Citigroup Inc fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets trading and discouraged clients from doing deals. The third-largest U.S. bank by assets reported net income of $1.16 billion, or 38 cents per share, down from $1.31 billion, or 43 cents per share, a year earlier. Analysts, on average, expected 49 cents a share, according to surveys by Thomson Reuters I/B/E/S. Citigroup stock dropped 3 percent in premarket trading after the results. ...