Nomura Profit Triples on Brokerage Commissions, Banking Fees
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Nomura Holdings Inc.’s first-quarter profit more than tripled as surging brokerage commissions and investment-banking fees outweighed a drop in trading income.
Net income climbed to 68.7 billion yen ($556 million) in the three months ended June 30 from 19.9 billion yen a year earlier, Japan’s biggest brokerage said in a statement Wednesday. That beat the 59 billion yen average estimate of seven analysts surveyed by Bloomberg.