Revenue at the top global investment banks may have looked rosier in the third quarter, but analytics company Coalition has still forecast the industry’s full-year total will fall for the fourth consecutive year.

Revenue across top banks' investment banking and sales and trading divisions was up 14% in the third quarter from the same period last year, at $40.4 billion, according to Coalition data. That compares with revenue for the first half that was 15% lower than a year earlier.