Japan's Nomura triples profit in Q1 as end of deflation spurs wealth management

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TOKYO : Nomura Holdings, Japan's largest brokerage and investment bank, reported a 195 per cent jump in first-quarter profit on Tuesday as the rally in global markets and return of domestic inflation bolstered demand for its wealth management services.

Alongside this, the global market rally led to improved client sentiment and higher sales of U.S.and global stock funds, Nomura said.

Investment banking was strong in Japan due to a series of delistings, business reorganisations and cross-border transactions.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Business Nomura Year Investment Management Wealth Cent Japan Period Profit Global

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 14:23:19 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21852657

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