November 7, 2019 / 10:36 AM / 10 days ago

Banco do Brasil's profit jumps on fees, consumer lending

SAO PAULO, Nov 7 (Reuters) - Banco do Brasil SA on Thursday posted a 33.5% rise in third-quarter profit helped by higher consumer lending and fee income.

Recurring net income, which excludes one-time items, rose to 4.543 billion reais ($1.11 billion) from 3.402 billion reais and topped the 4.356 billion expected by analysts, Refinitiv estimates showed.

$1 = 4.0834 reais Reporting by Carolina Mandl; editing by Jason Neely

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