SAO PAULO (Reuters) – Lender Santander Brasil on Wednesday reported a first-quarter net profit of 3.86 billion reais ($686.83 million), a 27.8% rise from a year earlier, slightly ahead of market expectations. Analysts polled by LSEG expected net income to come in at 3.77 billion reais. ($1 = 5.6200 reais) (Reporting by Gabriel Araujo; Editing […]
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Santander Brasil’s net profit rises 27.8% in Q1
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SAO PAULO (Reuters) – Lender Santander Brasil on Wednesday reported a first-quarter net profit of 3.86 billion reais ($686.83 million), a 27.8% rise from a year earlier, slightly ahead of market expectations.
Analysts polled by LSEG expected net income to come in at 3.77 billion reais.
($1 = 5.6200 reais)
(Reporting by Gabriel Araujo; Editing by Andrew Heavens)