SAO PAULO (AP) _ Itau Unibanco Holding S.A. (ITUB) on Monday reported first-quarter profit of $1.27 billion.

The bank, based in Sao Paulo, said it had earnings of 13 cents per share.

The financial holding company posted revenue of $12.5 billion in the period. Its revenue net of interest expense was $6.69 billion, exceeding Street forecasts.

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