Previous close | 3.6164 |
Open | 3.6164 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 3.6164 - 3.6164 |
52-week range | 3.0400 - 4.0700 |
Volume | |
Avg. volume | 29,490 |
Market cap | 10.865B |
Beta (5Y monthly) | 0.72 |
PE ratio (TTM) | 17.22 |
EPS (TTM) | 0.2100 |
Earnings date | N/A |
Forward dividend & yield | 0.18 (4.98%) |
Ex-dividend date | 30 Mar 2023 |
1y target est | N/A |
TOKYO (Reuters) -Japan's Nomura Holdings Inc saw about $850 million wiped off its market value on Thursday as its latest earnings slump showed it remains a long way off CEO Kentaro Okuda's goal of finally making the bank a global force in investment banking. Shares in Japan's biggest investment bank and brokerage dropped more than 7%, its biggest daily percentage decline in two years, the day after it said first-quarter profit tumbled by three-quarters, exacerbating worries about a global banking crisis. The results underscored that Nomura is still far from its target of enhancing stable revenue sources, such as mergers and acquisitions (M&A) advisory, and the bank flagged cost cuts up ahead.
Investing.com -- Most Asian stocks fell further on Thursday, coming under pressure from a round of weak regional earnings, while concerns over slowing economic growth and a potential U.S. banking crisis eroded sentiment.
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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.
Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, after a sharp slowdown in dealmaking activity, according to two sources with direct knowledge of the matter. Japan's top brokerage and investment bank last week laid off bankers in Hong Kong, Singapore, Malaysia and Taiwan, said the sources, declining to be identified as they were not authorised to speak to media.
Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, as a result of a sharp slowdown in dealmaking activities, according to two sources with direct knowledge of the matter. Japan's top brokerage and investment bank last week laid off bankers in Hong Kong, Singapore, Malaysia and Taiwan, said the sources, declining to be named as they are not authorised to speak to media. A separate source with knowledge of the move said the cuts were not just for Asia, but also impacted Nomura's international investment banking operations across the United States, Europe, the Middle East and Africa.
Nomura Holdings Inc's U.S. wholesale business has emerged as a profit driver despite some large one-off losses in the region that had dragged down the bank's earnings in the past, Chief Executive Officer Kentaro Okuda said. "The basic earnings power and cost structure of our overseas wholesale business have improved, resulting in a stable trend of profits since 2017, and the United States has driven that," Okuda said, speaking at an annual event for investors. Nomura's wholesale division consists of the global markets and investment banking arms.
Singapore bank DBS Group set decarbonisation targets for its exposure to industries such as power, oil and gas, aviation and shipping, detailing the commitments as lenders globally face pressure to help fight climate change. Southeast Asia's largest lender said on Tuesday that nine sectors that are receiving funding from it have been given targets to hit by 2030 and 2040, eventually achieving zero emissions by 2050. "We do believe that this is one of the most expansive set of commitments that exist in the financial sector," DBS CEO Piyush Gupta told a news conference.
TOKYO, June 27, 2022--Nomura Holdings, Inc. filed its Annual Report on Form 20-F (for the fiscal year ended March 31, 2022) with the U.S. Securities and Exchange Commission on June 24, 2022. The report can be accessed via Nomura’s website at:
Asia’s red-hot food prices will likely heat up further in the coming months, with Singapore, South Korea and the Philippines set to see the sharpest price increases.
Nomura Holdings has named Jwalant Nanavati as the new head of its Southeast Asian investment banking business, according to an internal memo seen by Reuters on Tuesday. Hong Kong-based Nanavati, who joined Nomura nearly four years ago to head its Asia ex-Japan technology, media and telecom (TMT) investment banking team, will take over the new role from July 1 but relocate to Singapore only later this year. Nanavati, an investment banking veteran of two decades, previously worked at BNP Paribas, Deutsche Bank and Lehman Brothers, according to his LinkedIn profile.