February 10, 2020 / 10:31 PM / 6 days ago

Brazil's Itau Unibanco reports higher quarterly profit on consumer lending, fees

SAO PAULO, Feb 10 (Reuters) - Brazil’s largest lender Itau Unibanco Holding SA reported profit on Monday that met analysts’ estimate, mainly on consumer credit growth and fees with investment banking and fund management.

Recurring net income, which excludes one-time items, came in at 7.296 billion reais ($1.69 billion) in the fourth quarter, up 12.6% from a year earlier and in line with a Refinitiv analysts’ consensus estimate of 7.242 billion reais.

$1 = 4.3248 reais Reporting by Carolina Mandl Editing by Leslie Adler

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