Jes Staley, the chief executive of Barclays, has hailed the “outperformance” of the bank’s stock and bonds trading businesses during the third quarter. However, the gains could not prevent a double-digit profit fall at its investment banking division.

Growth in quarterly revenues from equities sales and trading of more than a third year-on-year, to £471m, helped lift overall markets revenues to £1.15bn, up by about 19%. Revenues from fixed income, currencies and commodities trading rose by close to 10%, reaching £688m.