Nomura lifted by M&A bounce

摘要

NOMURA outperformed Western rivals m investment banking last quarter as revenues in the division jumped 17% from a year earlier to ¥28.1bn, thanks to a bounce in deal-making following the summer lull due to Covid-19. Investment banking was the standout performer for Japan's pre-eminent brokerage firm and investment bank, which reported higher earnings for each of its three main divisions during the July-September quarter even as its net profit more than halved, primarily due to a one-off gain recorded in last year's results.