News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

BTG Pactual first-quarter net profit rises; expenses from bonuses drop

Profits at the Brazilian investment bank rise 36% from year-ago level

Brazilian investment bank Banco BTG Pactual reported a 36% increase in first-quarter net profit as it reduced its expenses, mainly from bonuses for executives.

The bank's net profit totaled 832 million Brazilian reals ($373 million) in the first quarter, up from 612 million reals in the year ago period.

WSJ Logo