Banco Bradesco Posts Rise In Q3 Profit

Banco Bradesco SA BBD reported a 1% rise in its third-quarter profit. Banco Bradesco's quarterly recurring net income surged to 2.893 billion reais ($1.43 billion), from 2.867 billion reais, in the year-ago period. Its recurring profit increased 0.9% from the second quarter. However, analysts were expecting net income of 2.876 billion reais. Banco Bradesco shares closed at $15.87 on Friday.