Brazilian BTG Pactual Jumps to the Highest in More than Two Years
BTG Pactual, a Brazilian multinational investment banking firm that engages in Latin-American investment banking, wealth management and global asset management, jumped to the highest in more than two years in the second quarter.
São
Paulo-based BTG Pactual earned 962 million reais ($424 million) in the
quarter, compared with 909 million reais in a Reuters poll of four
analysts. The number was the highest since the last quarter of 2011.
Under
the stewardship of controlling shareholder André Esteves, the bank is
expanding in global reinsurance, commodities trading and wealth
management.
Source: Hedgeworld