5 de noviembre de 2014 / 13:23 / en 3 años

Weak Brazil trends unlikely to hurt Itaú fourth-quarter results

SAO PAULO, Nov 5 (Reuters) - Itaú Unibanco Holding SA’s results in the fourth quarter are likely to remain solid, in spite of a deterioration in activity and other economic indicators in Brazil, executives said at a conference call on Wednesday.

“Nothing indicates that earings will be impacted by short-term trends in the economy,” said Alfredo Setubal, senior vice president for investor relations, at a conference call to discuss third-quarter earnings. Itaú, Brazil’s largest bank by market value, posted on Tuesday record third-quarter profit that beat expectations by a large margin. (Reporting by Guillermo Parra-Bernal)

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