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Nomura Holdings, Inc. (NMR)

NYSE - NYSE Delayed price. Currency in USD
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4.0300-0.0100 (-0.25%)
At close: 04:00PM EST
4.0900 +0.06 (+1.49%)
After hours: 06:54PM EST
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    Nomura's Q3 profit grows despite investment banking slump

    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. Nomura's wholesale division, which houses its investment banking and trading businesses, logged a pretax loss of 1.9 billion yen ($14.58 million), its first loss since the April-June quarter of 2021. But a 28-billion-yen gain from the partial sale of its stake in affiliate Nomura Research Institute and a recovery in the valuation of the U.S. asset management unit helped Nomura post a net profit of 66.9 billion yen ($513.51 million) for the October-December period.

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