http://news.yahoo.com/s/nm/us_citigroup/print Citi profit tops view, fueling sector confidence By Maria Aspan NEW YORK, Oct 18 (Reuters) - Citigroup Inc (C.N) reported its third straight quarterly profit, beating forecasts and boosting optimism that the banking sector is on track to recover even amid a tepid economic expansion. Relief about the improving results, bolstered by slowing credit losses and reduced reserves for bad loans, outweighed lingering concern about the foreclosure crisis, boosting the bank's shares nearly 4 percent. Citigroup, whose problems during the financial crisis were so severe that it needed three different taxpayer rescues, is the second of the top banks to beat forecasts. JPMorgan Chase & Co (JPM.N) posted better-than-expected earnings last week. The No. 1 U.S. bank, Bank of America Corp (BAC.N), is due to report on Tuesday. The gain in Citigroup shares helped fuel a broader rally in bank shares and lift U.S. stock indexes.