Bradesco Q3 recurring profit rises 14.6%, meeting estimates
Banco Bradesco reported a 14.6% year-over-year increase in third-quarter recurring net profit, meeting analysts’ expectations despite softer growth in credit-related revenue.
Brazilian lender Banco Bradesco (BMFBOVESPA:BBDC3) said Thursday that recurring net profit rose 14.6% in the third quarter from a year earlier, in line with analysts’ expectations, even as growth in credit-related revenue softened. Bradesco was the first of Brazil’s large lenders to report earnings…