Nomura sees 49% profit fall

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Nomura Holdings’ third-quarter profit fell 49% as brokerage commissions and investment-banking fees slumped and the firm posted another loss abroad.

Bloomberg News reports that net income declined to $294m for the three months ended December 31 from $580m a year earlier, the brokerage said in a statement on Tuesday. That missed the $320.8m average estimate of five analysts surveyed by Bloomberg.

Nomura joins Daiwa Securities Group in posting lower profit as global market volatility sapped investor demand. Bank of Japan Governor Haruhiko Kuroda’s surprise decision last week to introduce negative interest rates triggered a rebound in the country’s equities that could renew domestic clients’ appetite to invest more of their savings.

To access the complete Bloomberg News article hit the link below:

Nomura Profit Falls on Brokerage Commissions, Banking Fees

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