Barclays has reported pre-tax profits of £5 billion for the first nine months of the year.
The banking giant said its focus on cost reduction was continuing to deliver results.
Bob Diamond, Barclays’ chief executive, said he was confident that Barclays would exceed the £1 billion savings target it set earlier this year.
He added: “These results demonstrate the continued progress towards our 2013 goals through building momentum across retail and corporate banking businesses and strong relative performance by Barclays Capital in difficult market conditions.
