Citigroup (C) gains on Q2 results

Citigroup C shares grew 3.8% to $58.58, as the financial giant posted better than second-quarter results as litigation costs shrank for the bank giant. Citi recorded revenue of $19.5 billion versus Street estimates of $19.4 billion. Profits were $1.51 a share compared with consensus forecasts of $1.34. Share volume was 7.2 million, dwarfing an all-day average of 4.2 million