Bradesco Q4 Profit Up 5.3%
Brazil's Banco Bradesco SA (NYSE: BBD) reported a 5.3% rise in its fourth-quarter profit.
Bradesco's quarterly net income, excluding one-time items, surged to 2.918 billion reais ($1.44 billion). However, analysts were expecting recurring net income of 2.950 billion reais.
Bradesco shares closed at $18.82 on Friday.
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