Brazil's Bradesco beats profit estimates on strong fee income

jueves 30 de julio de 2015 05:47 GYT

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)