Nomura Holdings, Inc. (NMR)
Pre-Market:
- Bloomberg
Nomura Seeks to Double Profit, Make Wholesale Arm Pay Its Way
(Bloomberg) -- Nomura Holdings Inc. unveiled plans to almost double profit by the end of the decade, in part by making its key wholesale division finance its own operations and shifting resources to areas where it wants to grow.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindMacron Puts French Banks in Play With Plan to Transform EuropeTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsFive Under-the-Radar Billionaires Making Vast Fortunes in Modi'
- Reuters
Nomura aims to nearly double profit over 7 years with focus on wealth management
Nomura Holdings, Japan's biggest brokerage and investment bank, said on Tuesday it aims to nearly double its pre-tax profit over seven years as it pushes deeper into wealth management. Like many other financial firms, Nomura has been trying to bolster wealth management, which accounted for roughly half of its pretax income in the past financial year. It told an investor relations event that is targeting pre-tax profit of more than 500 billion yen ($3.2 billion) by the 2030/31 financial year, around 1.8 times what it had in the year ended in March.
- Bloomberg
Nomura Limits Segantii Exposure on HK Insider Trading Case
(Bloomberg) -- Nomura Holdings Inc. is limiting dealings with Segantii Capital Management Ltd., according to people familiar with the matter.Most Read from BloombergAmericans Are Racking Up ‘Phantom Debt’ That Wall Street Can’t TrackStormy Daniels Will Return to Court in Test of Trump’s DemeanorTrump Judge Indefinitely Postpones Documents Case TrialMicrosoft’s Xbox Is Planning More Cuts After Studio ClosingsThe Japanese lender won’t add more leverage or new positions to its dealings with the hed
