Barclays Plc reported better-than-expected pre-tax profit in the third quarter, driven by a significant increase in trading revenue.
The bank saw a surprising rise in fixed-income trading, while its equity trading division generated £692 million in revenue, slightly exceeding the average forecast of £688 million from analysts surveyed by Bloomberg.
The bank's trading performance benefited from increased market volatility across different asset classes in recent months, contributing to overall profit growth. This performance demonstrates the bank's ability to take advantage of changing market conditions and maintain its competitive position in the financial industry.