Banco Bradesco Posts Rise In Q1 Profit

Banco Bradesco SA BBD reported a rise in its first-quarter net income. Banco Bradesco's quarterly net income climbed to 2.793 reais ($1.49 billion), from 2.702 billion reais, in the year-ago period. Its profit excluding one-time items climbed 3.9% to 2.845 billion reais in the quarter. However, the bank was projected to post earnings of 2.853 billion reais. BBD shares closed at $16.31 on Friday.