Reuters logo
Banco do Brasil beats profit estimate as revenue jumps
February 21, 2013 / 10:20 AM / 5 years ago

Banco do Brasil beats profit estimate as revenue jumps

SAO PAULO, Feb 21 (Reuters) - Banco do Brasil SA beat fourth-quarter profit estimates on Thursday, as Brazil’s largest bank by assets boost revenue and kept expenses under control amid a surge in loan disbursements.

Recurring net income, or a measure of profit that excludes one-time items, rose 20 percent to 3.180 billion reais ($1.6 billion) from the prior quarter, according to a securities filing. A Thomson Reuters poll of four analysts had predicted recurring profit of 2.464 billion reais for the fourth quarter.

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