Citigroup Inc on Friday reported quarterly earnings.

Highlights: * Q2 earnings per share $0.49 * Q2 revenue $30 billion

* Says tier 1 capital ratio rose to approximately 12.7 percent * Says Citicorp net income of $3.1 billion * Says Citi holdings net income of $1.4 billion on Smith Barney gain

* Says credit costs increased to $12.4 billion * Says operating expenses were $12.0 billion * Says Q2 citicorp revenues were $15.0 billion * Says total deposits were $805 billion, up 6 percent sequentially

* Says headcount declined by approximately 30,000 from the first quarter of

2009 * Says end of Q2 citigroup's tier 1 capital ratio was approximately 12.7 percent * Says Citi holdings revenues were $15.8 billion * Says corporate/other revenues of negative $741 million are largely due to

hedging activities * Quarterly corporate/other revenues of negative $741 million * Says Q2 special asset pool (SAP) revenues were negative $519 million

* Says Q2 special asset pool net loss was $1.2 billion versus a loss of $4.3

billion in Q2 2008 * Says headcount is now approximately 96,000 below peak levels

* Results include $11.1 billion pre-tax gain associated with Morgan Stanley Smith Barney joint venture transaction * Says tangible common equity grew by $9.1 billion during the quarter

* Reuters Estimates Q2 earnings per share view $-0.31, revenue view $21,136.76 million

Citigroup New york city