Brazil's Bradesco slightly beats first-quarter profit estimates

April 29, 2015 8:23 AM

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SAO PAULO, April 29 (Reuters) - Banco Bradesco SA , Brazil's second-largest private-sector bank, slightly beat first-quarter earnings estimates on Wednesday after taking advantage of climbing interest rates to reprice new loans.

Recurring net income, or profit before one-time charges, rose to 4.274 billion reais ($1.45 billion) in the quarter, up 3.4 percent and 23.1 percent on a quarterly and an annual bases, respectively, according to a securities filing.

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