Brazil's Bradesco beats estimates on strong interest income gain

jueves 28 de enero de 2016 04:29 GYT
 

SAO PAULO Jan 28 (Reuters) - Banco Bradesco SA, Brazil's second-largest private-sector bank, beat fourth-quarter profit estimates on Thursday as a larger-than-expected increase in interest and fee income helped offset a jump in loan-loss provisions.

The Osasco, Brazil-based lender earned net income before one-time items of 4.562 billion reais ($1.11 billion) last quarter, up 0.6 percent more than in the third quarter, according to a statement. A Reuters poll of seven analysts predicted so-called recurring profit of 4.298 billion reais.

($1 = 4.1006 Brazilian reais) (Reporting by Guillermo Parra-Bernal)