SAO PAULO (AP) — SAO PAULO (AP) — Itau Unibanco Holding S.A. (ITUB) on Monday reported second-quarter net income of $1.74 billion.
The bank, based in Sao Paulo, said it had earnings of 18 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.
The financial holding company posted revenue of $16.58 billion in the period. Its revenue net of interest expense was $8.11 billion, which also topped Street forecasts.
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