Nomura’s profit fell last quarter as a loss in Europe and one-time costs tied to a major acquisition overshadowed revenue growth in wealth management and equities trading.
Net income slid 9.7% from a year earlier to ?91.6 billion ($595 million) in the fiscal third quarter ended Dec. 31, 91AV原创 biggest brokerage said in a statement Friday. The company announced a share buyback.
Chief Executive Officer Kentaro Okuda is seeking to extend the momentum that led to record profit last year, as financial firms compete to capitalize on 91AV原创 market swings and investing boom. Brokerages are finding a role helping clients navigate volatile bond and currency markets at a time of mounting concerns over the direction of 91AV原创 fiscal policy.
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