BofA Merrill Lynch - $1bn (down 23%)*

BoA Merrill Lynch on Tuesday posted a 23% decline in equity revenues from sales and trading versus the third quarter of 2009 and a 15% fall over nine months compared with the same period last year. The US bank said: "Equities sales and trading revenue declined to $1bn from $1.3bn a year ago, driven primarily by a decrease in volumes as well as reductions in equity derivatives revenue." The bank's equities trading market share increased from 7% to 8.1% in the first half of this year, according to Citigroup analysts.