January 31, 2019 / 8:14 AM / 6 months ago

Brazil's Banco Bradesco beats profit estimates on lower provisions

SAO PAULO, Jan 31 (Reuters) - Brazil’s second largest private lender Banco Bradesco SA reported a 19.9 percent rise in fourth-quarter profit over a year earlier and beat analysts’ average estimate on lower loan-loss provisions.

Recurring net income at Banco Bradesco came in at 5.830 billion reais ($1.58 billion) in the fourth quarter, 5.5 percent above the Refinitiv average estimate by analysts of 5.526 billion reais. ($1 = 3.6849 reais) (Reporting by Carolina Mandl Editing by Keith Weir)

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