Citicorp Reports 24% Profit Rise

Citicorp, the nation’s largest bank-holding company, said today that its first-quarter profit rose 24% above the same period a year ago, primarily because of increases in revenue from interest-earning investments and fees.

Citicorp reported a profit of $277 million, or $2.02 a share, for the first three months of 1985. Net interest revenue rose 25% to $1.23 billion while revenue from fees and commissions was up 27% to $462 million, it said.