Brazil's Bradesco first-quarter profit down 37.3%, but beats forecasts

Kitco Media
By Reuters
Published:
Updated:
Reuters
SAO PAULO, May 4 (Reuters) - Brazilian lender Banco Bradesco SA reported on Thursday a 37.3% dive in its first-quarter net income, but still landed above analysts' expectations.


Bradesco's recurring net income, which excludes one-off items, came in at 4.28 billion reais ($858.71 million), while analysts expected 3.6 billion reais.
($1 = 4.9842 reais) (Reporting by Peter Frontini; Editing by Anthony Esposito)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.