News Formal

Nomura's Q3 profit grows despite investment banking slump

  • 📰 Reuters
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Nomura Holdings Inc , Japan's biggest brokerage and investment bank, reported an 11% rise in quarterly net profit on Wednesday, as a partial stake sale in an affiliate offset a slump in investment banking.

Even as Nomura's investment banking business was underpinned by relatively solid dealmaking activity in Japan, it confirmed layoffs of bankers in Europe and Asia. Reuters last month reported it had cut 18 Asian banking jobs.

Kitamura said the company would stick to its strategy of beefing up its investment banking business, however.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

What to watch for when 9 Club holdings report earnings on ThursdayEarnings season for the Club will hit a fever pitch Thursday, when nine companies in Jim Cramer's Charitable Trust report quarterly results.
Source: CNBC - 🏆 12. / 72 Read more »