Nomura Sees Momentum in Stock Underwriting, Retail Demand
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Nomura Holdings Inc., Japan’s biggest securities firm, expects the recovery at its retail brokerage and equity underwriting businesses will stretch into this quarter as corporate and investor sentiment improves.
“We have mid-sized deals in our pipeline,” Chief Financial Officer Shigesuke Kashiwagi said yesterday in Tokyo after the bank posted a fourth straight quarter of year-on-year profit growth. “I think we’ll be able to maintain momentum.”