Brazil's BTG Pactual reports surge in quarterly profit
Brazil's Banco BTG Pactual's third-quarter adjusted net income jumped 15% from the same period last year supported by higher revenue and improved operational leverage. Adjusted net income for the quarter came in at 3.21 billion reais ($557.83 million), the bank said in a securities filing, while revenue at the largest investment bank in Latin America grew 14% to 6.45 billion reais. "Client franchises continued to expand, posting record revenues in Wealth, Asset, and Corporate Lending businesses," BTG said.