Wall Street banks generated blockbuster trading revenues during the third quarter on the back of lingering market volatility and booming US stock prices.

Trading divisions at the five biggest US banks — Goldman Sachs, JPMorgan, Morgan Stanley, Bank of America and Citigroup — pulled in a combined $33.4bn of revenue between July and September, according to a 

Wall Street banks continue trading hot streak with $33bn third-quarter haul

Trading and dealmaking have boomed at the biggest US banks, smashing forecasts and setting new records