Bank of America Corp. reported third-quarter earnings on Friday that beat analyst expectations even as its revenue fixed-income trading slowed.

Analysts estimated average earnings of 45 cents a share, but the Charlotte-based bank surpassed that with earnings of 48 cents. According to the press release, which can be found here, the revenues generated in this quarter increased 1 percent to $21.8 billion. That is right in line with the analyst estimates.

The 14 percent increase in consumer banking helped offset the reduced revenue coming in from fixed-income trading activities, which fell 22 percent to $2.15 billion from $2.6 billion during the same time last year.

“Revenue across our four lines of business increased 4 percent, even with a challenging comparable quarter for trading,” said Chief Executive Officer Brian Moynihan in the release.

This slowdown was also seen in the financial statements of JPMorgan Chase and Citigroup when they reported earnings on Thursday.

Bank of America’s stock price has increased 2.4 percent, 0r 61 cents, to $25.85 since the earnings were released. The stock opened Friday at $25.24.