Nomura quarterly profit doubles on Japanese stock market strength

TOKYO, Oct 27 - Nomura Holdings , Japan's biggest brokerage and investment bank, reported a doubling in second-quarter net profit after a buoyant domestic stock market led to a surge in equity offerings and retail brokerage fees.

July-September profit came in at 35.2 billion yen , rebounding from last year when a sharp downturn in global financial markets battered its asset management and investment banking businesses. As a result, Nomura's investment banking business saw a 19% increase in net revenue due to robust equity offerings and active dealmaking in Japan.

Japan was the only major market in the world this year to log M&A growth with the value of deals involving Japanese companies up 14% at $111 billion for the first nine months of 2023, according to data compiled by LSEG.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Global Market Scan: Temperature of western Europe’s housing market drops - constructconnect.comCanada's construction news
La source: DCN_Canada - 🏆 17. / 74 Lire la suite »

Stock market news today: Nasdaq leads stock slide as Big Tech comes under pressureStocks are struggling under the weight of disappointing Big Tech earnings and rising bond yields.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news today: Nasdaq, S&P 500 sink with earnings in driver's seatStocks are struggling under the weight of disappointing Big Tech earnings and rising bond yields.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news today: Nasdaq futures sink with earnings in driver's seatStocks are struggling under the weight of disappointing Big Tech earnings and rising bond yields.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news today: US futures rise as Amazon shines, key inflation data aheadThe update to PCE — the Fed's preferred inflation gauge — will set expectations around whether a rate hike is coming.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market news today: Futures rise as Amazon shines, inflation continues coolingThe Federal Reserve's preferred inflation metric showed prices continued to cool in September — a critical data point the Federal Reserve will consider as it...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »