April 25, 2019 / 9:11 AM / 3 months ago

Brazil's Banco Bradesco hits profit estimates as loan picks up

SAO PAULO, April 25 (Reuters) - Brazil's second largest private lender Banco Bradesco SA hit first-quarter analysts' estimates for profit on Thursday, as its loan book grew and loan-loss provisions fell.

Bradesco's recurring net income came in at 6.238 billion reais ($1.56 billion), up 22.3 percent from the same period a year earlier and roughly in line with a Refinitiv analyst consensus forecast of 6.020 billion reais.

$1 = 3.9911 reais Reporting by Carolina Mandl; Editing by Mark Potter

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below