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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (54898)10/28/2004 6:52:15 AM
From: elmatador  Read Replies (1) of 74559
 
Banco Bradesco 3rd-Quarter Net Rises 33% to 752 Million Reais
Oct. 28 (Bloomberg) -- Banco Bradesco SA, Brazil's biggest non-state bank by assets, said third-quarter profit rose by a third.

Net income climbed to 752.3 million reais ($262.9 million), or 4.76 reais per share, from 564 million reais a year earlier, the bank, based in Osasco near Sao Paulo, said in a statement on its Web site. Earnings came in higher than the 678 million reais predicted in a Bloomberg survey of the estimates of seven analysts.

Malcolm,

There are people that bankroll their debts using the special credit facility (about USDD800) at their disposal. The interest rates charged are stratospheric!!!

One day my wife inadvertently drew on it. It was not nice my reaction. One more of that and is certain divorce !!!
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