November 5, 2018 / 10:59 PM / 9 days ago

Brazil's BTG Pactual profit decreases amid lower trading gains

SAO PAULO, Nov 5 (Reuters) - Latin America’s largest independent investment bank, Brazil’s Banco BTG Pactual SA , posted on Monday a 9.75 percent drop in third-quarter recurring profit as trading gains fell.

Recurring net income, which excludes one-time items, came in at 685 million reais ($184 million) in the third quarter versus 759 million reais ($204 million) from a year earlier. ($1 = 3.7260 reais) (Reporting by Carolina Mandl; Editing by Lisa Shumaker)

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