SAO PAULO, Nov 4 (Reuters) - Brazilian lender Itau

Unibanco ( ITUB ) on Tuesday reported third-quarter net

recurring profit in line with analysts' estimates and raised its

projection for 2025 net interest income with the market.

Itau, Latin America's largest private lender by total

assets, reported an 11.9 billion reais ($2.20 billion) net

recurring profit for the July-September period, matching the

expectations of analysts polled by LSEG.

Returns on equity stood at 23.3%, increasing 0.6 percentage

points from the same period a year earlier, but stable from the

previous quarter.

The lender revised up its yearly projection for net interest

income with the market to between 3 billion reais ($555.2

million) and 3.5 billion reais ($647.7 million), from a previous

estimate of between 1 billion and 3 billion reais.

"This revision mostly reflects the more positive dynamics of

the trading desk accumulated results compared to the original

expectation," Itau said, adding that all other 2025 projections

remain unchanged.

Itau's total credit portfolio reached 1.4 trillion reais

at the end of September, up 6.4% year-on-year.

($1 = 5.4039 reais)