(Bloomberg) -- Banco Itau Holding Financeira SA, Brazil's biggest non-government bank, said first-quarter profit rose 30 percent as the company lent more to consumers.
Net income increased to 1.9 billion reais ($941 million), or 1.59 reais a share, from 1.46 billion reais, or 1.32 reais a share, a year earlier, the Sao Paulo-based company said in a statement today on the Brazilian securities regulator's Web site. That beat the 1.52 billion-reais estimate by Carlos Macedo, a bank analyst at Uniao de Bancos Brasileiros SA.
Read more at Bloomberg Emerging Markets News
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