Brazil’s second largest private-sector lender Banco Bradesco SA on Thursday posted a third-quarter recurring net income in line with expectations, helped by strong insurance results and consumer lending. Bradesco’s recurring profit came in at 6.542 billion reais ($1.64 billion) in the third quarter, up 19.6% from a year earlier and roughly in line with a Refinitiv analysts’ estimate of 6.417 billion reais. The bank’s insurance unit posted a result 7.5% higher from a year earlier, boosted by retirement plans. …read more
Source:: Yahoo Finance
