Analysts at two leading banks have decided not to adjust their broadly positive view of the European investment banking sector in the third quarter, despite negative comments made by Deutsche Bank on its own performance over the period.

Credit Suisse and JP Morgan maintain that third quarter results across the industry - published towards the end of October - are likely to exceed those in the last quarter, and could surprise on the upside thanks to a rise in debt capital markets activity, and an improved outlook for equity derivatives.