Banco do Brasil posts 38% rise in Q2 net profit, beats estimates

2022.08.11 01:26

FILE PHOTO: A man walks in front of Banco do Brasil headquarters building in Brasilia, Brazil October 29, 2019.REUTERS/Adriano Machado

SAO PAULO (Reuters) – Brazilian state-controlled lender Banco do Brasil SA (OTC:BDORY) on Wednesday reported its second-quarter net profit rose 38% from a year earlier, beating market forecasts.

Banco do Brasil’s net income came in at 7.62 billion reais ($1.50 billion), while analysts polled by Refinitiv had expected it to reach 6.48 billion.

($1 = 5.0947 reais)

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