Itaú Unibanco beats third-quarter profit forecasts by large margin

Reuters

SAO PAULO, Oct 29 (Reuters) - Itaú Unibanco Holding SA, Brazil's largest bank by market value, postedthird-quarter net income that surpassed analysts' estimates,according to a securities filing on Tuesday.

The bank earned recurring profit, or net income excludingone-time items, of 4.022 billion reais ($1.84 billion) in thequarter, above the average 3.782 billion reais projected in aThomson Reuters poll of eight analysts.

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