Brazil's Bradesco slightly beats profit estimate on revenue
SAO PAULO Oct 29 (Reuters) - Banco Bradesco SA, Brazil's second largest private-sector bank, slightly beat third-quarter profit estimates on Thursday, after a bigger-than-expected increase in interest and fee income helped offset climbing loan-loss provisions.
The Osasco, Brazil-based lender earned net income before one-time items of 4.533 billion reais ($1.16 billion) last quarter, about 0.6 percent more than in the second quarter, according to a statement. A reuters poll of seven analysts predicted so-called recurring profit of 4.437 billion reais.
($1 = 3.9053 Brazilian reais) (Reporting by Guillermo Parra-Bernal)
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