Total income net of insurance claims was up 13% to £1,109m in the period, with the charge for impairments down 11% to £31m.
Adjusted pre-tax profit of Barclays Wealth for the nine months to 30 September was £153m, compared to only £122m for the same period in 2010.
But the results for the corporate and investment banking arm as a whole showed profit down 3.5% on last year.
The performance of the investment banking division was more than offset by the firm’s retail banking business though, with Barclays reporting overall pre-tax profit of £5bn, up from £4.2bn in the first nine months of 2010.
Another point of note was Barclays’ move away from the sovereign debt of PIIGs.
In the three months to end of September the bank cut its exposure to Spanish, Italian and Portuguese government debt by 43%, 24% and 17% respectively.
Chief executive, Bob Diamond, said: "Rock solid capital, funding and liquidity have been maintained. We will continue to generate sufficient capital for our business needs and do not intend to raise new equity capital."
The bank’s tier one ratio remained stable at 11% on 30 September, the same level it was on 30 June.
Nicolas Ziegelasch, financials analyst at Killik & Co, said: "While there is still some concern over the level of exposure to the peripheral European countries, the underlying business performance is improving and the current valuation of Barclays looks attractive."
Looking at the investment case of the stock, Ziegelasch added: "For investors looking for domestic UK banking exposure we continue to prefer Lloyds, while for investors looking for global banking exposure we continue to prefer HSBC."
