May 9, 2019 / 9:20 AM / 2 months ago

Brazil's BTG Pactual posts higher profit as fees increased

SAO PAULO, May 9 (Reuters) - Latin America's largest investment bank Banco BTG Pactual SA posted a 9.2 percent rise in first-quarter recurring profit on Thursday, as fees in investment banking and asset management increased.

Recurring net income, which excludes one-time items, came in at 721 million reais versus 660 million reais a year earlier. The bank posted a return on equity of 15.1 percent.

Reporting by Carolina Mandl; Editing by Kirsten Donovan

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