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.
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