Reported 25 days ago
Nomura Holdings Inc. reported a significant profit increase in the last quarter, exceeding analyst expectations, due to strong performance in wealth management, trading, and investment banking. Despite net income more than doubling year-over-year to ¥98.4 billion ($645 million), the company's outlook is uncertain following recent scandals, including market manipulation and a former employee's arrest for robbery. While earnings growth was noted, analysts warn that these incidents might impact trust and future revenues, especially in bond trading and underwriting. The firm aims to maintain its recovery trajectory despite these challenges.
Source: YAHOO