on July 15reported second-quarter adjusted net income to commonstock of $3.68 billion, or $1.24 per share. In the year-ago period, it was$4.45 billion, or $1.45 per share.

The S&P Capital IQ consensus normalized EPS estimate forthe recent quarter was $1.10.

In Citicorp, Global Consumer Banking revenue decreased 6%year over year to $7.73 billion, while the Institutional Clients Group's wentdown 1% to $8.85 billion over the same period. Of the geographical divisions,only Europe, the Middle East and Africa brought Citicorp adjusted revenue thatwas higher than the previous year's.

Meanwhile, investment banking revenues were down by 6% froma year ago to $1.22 billion. Advisory declined 7%; equity underwriting slipped41%. Debt underwriting, on the other hand, was up 9%.

Revenue from fixed income grew 14%.

Meanwhile, Citi Holdings was again profitable, with netincome of $93 million. Continuing divestitures left $66 billion in assets —with signed agreements as of the period's end to further lower that by $7 billion.Total revenue decreased 57% to $843 million year over year, expenses by 37% to$858 million.

Citi also noted it had utilized about $900 million ofdeferred tax assets during the period, amounting to a four-year total ofutilized DTA to $10 billion.