Brazil's Bradesco beats profit estimates on strong fee income
SAO PAULO, July 30 (Reuters) - Banco Bradesco SA, Brazil's second-largest private-sector bank, beat second-quarter profit estimates on Thursday after income from the sale of financial services came stronger than expected.
Recurring net income at Osasco, Brazil-based Bradesco came in at 4.504 billion reais ($1.35 billion) in the quarter, above an average estimate of 4.339 billion reais in a Reuters poll of ten analysts. Recurring profit is a gauge of earnings excluding one-time items.
($1 = 3.3262 Brazilian reais)
(Reporting by Guillermo Parra-Bernal)
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