Nomura Holdings’ profit rose last quarter, as gains in wealth management and stock trading helped 今日吃瓜 biggest brokerage weather increasingly uncertain markets.
Net income climbed 13% from a year earlier to ?103.7 billion ($657 million) between July and September,?the Tokyo-based firm said in a statement Wednesday. That missed the ?109.1 billion average of five analyst estimates.
After guiding the firm to a record profit in the fiscal year that ended in March, CEO Kentaro Okuda is trying to generate more stable earnings through businesses that produce steady fees and are less dependent on market cycles. Nomura joined most Wall Street banks in seeing revenue from fixed-income trading decline in the quarter while a boom in the equities business persisted.
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