(Bloomberg) - Citigroup Inc., the third-biggest U.S. bank, said first-quarter profit rose 30 percent as revenue from fixed-income trading and investment banking exceeded analystsÂ’ estimates.

Net income was $3.81 billion, or $1.23 a share, compared with $2.93 billion, or 95 cents, in the same period last year, the New York-based lender said today in a statement. Profit was $1.29 a share excluding an accounting adjustment. The average estimate of 23 analysts surveyed by Bloomberg was $1.17 a share in adjusted earnings.

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