BTG Profit Doubles on Commodities Expansion, Shares ClimbBy
Revenue from sales and trading seen as `abnormally high'
Esteves says bet on Brazil's oil industry was bad strategy
Grupo BTG Pactual, the only publicly traded investment bank based in Brazil, said profit almost doubled, beating analysts’ estimates, on higher revenue from the commodities and currencies business. The company’s shares jumped as much as 4.3 percent.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.