Brazil's Bradesco slightly beats quarterly profit forecast

Reuters

SAO PAULO, Oct 21 (Reuters) - Banco Bradesco SA , Brazil's second-biggest private-sector bank,said on Monday third-quarter net income excluding one-timeitems, a gauge of earnings known as recurring profit, totaled3.082 billion reais ($1.42 billion).

A Thomson Reuters poll of seven analysts predicted recurringprofit of 3.066 billion reais in the period.

The bank also trimmed its estimate for growth in netinterest income, or revenue from lending, to a range between 1percent and 3 percent, compared with 4 percent to 8 percentpreviously.

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