Bank of America's global markets unit edged up 8% in the third quarter after a fresh push in its trading business, helping the Wall Street bank beat market expectations for the period despite an ongoing slump in dealmaking revenue.

The bank unveiled $4.4bn in revenue within its global markets unit, up by 8%, with fixed income revenue of $2.7bn rising by 6%. While this is a smaller increase than at rival Citigroup — where fixed income revenue jumped 14% during the period — its performance beats JPMorgan where market fees were down by 3%.