Wells Fargo & Co., BankAmerica Corp., and Citicorp led the banking industry in sales of annuities during the third quarter of 1994, according to study by a Mamaroneck, N.Y., research firm.

These three companies, taken together, sold more than $1 billion of annuities during the quarter, the study by Bank Insurance Market Research Group found. That's 30% of all bank sales of annuities, which totaled $3.42 billion in the period.

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