Volume Spike Investor

Citigroup Inc. (NYSE: C) shares are up about 1 percent to $3.06 on early premarket volume of nearly 800,000 shares, following its earnings report. The company reported EPS of 49 cents a share, which does not appear to be comparable to the analyst consensus of a loss of 37 cents, due to $11.1 billion in pretax gains. The company’s Tier 1 capital ratio was about 12.7%, versus 8.7% in the second quarter of 2008 and 11.9% in the first quarter of 2009. Credit costs rose to $12.4 billion, including an addition of $3.9 billion to loan loss reserves, bringing the total allowance for loan losses to 5.6% of total loans. — Mike Tarsala