SAO PAULO May 7 Fee income at state-run Banco
do Brasil SA should gain traction in the coming
quarters, Chief Financial Officer Ivan Monteiro said on
Banco do Brasil SA, the nation's largest bank by assets,
missed first-quarter profit estimates after fee income declined
sharply And fell short of estimates.
Recurring net income, which excludes one-time items,
totaled 2.436 billion reais ($1.1 billion), below the 2.512
billion reais estimated in a Reuters poll of five analysts.
($1 = 2.23 Brazilian reais)
(Reporting by Guillermo Parra-Bernal; Editing by Jeffrey