Citigroup, Wachovia Corp. and Bank of America Corp. are the top three earners of mutual fund and annuity fee income in the first three quarters of this year, according to the latest Bank Holding Company Insurance & Investment Fee Income Report from Michael White Associates.

Citigroup led by a wide margin, with total earnings of $2.0 billion. Wachovia came in a distant second with $1.4 billion, and Bank of America followed at $1.0 billion. Franklin Resources and MetLife had not yet reported; Franklin reported mutual fund and annuity fee income of $1.05 billion at the end of June, with MetLife earning $815 million during the same period.

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