SAN PAULO, Aug 4 (Reuters) - Brazilian lender Itau Unibanco ( ITUB )

posted on Tuesday an increase of about 8% in its

second-quarter recurring net profit from a year earlier, to

12.41 billion reais ($2.42 billion), compared with 12.53 billion

reais expected by analysts polled by LSEG.

Additionally, Itau Unibanco ( ITUB ) cut its projection for fee

revenue and insurance results this year, now estimating growth

of 2% to 5%, versus a previously expected increase of 5% to 9%.

($1 = 5.1255 reais)