Global Earnings | Nomura Q1 net profit surges 39% on stronger markets activity
AI Market Summary
Nomura reported fiscal Q1 net profit of 145.6bn yen, up 39% y/y, citing elevated market volatility and record-high equity prices that supported trading and wealth-management activity. The results reinforce the link between risk-asset turnover and broker-dealer earnings, but are not broad market-moving. The accompanying S&P 500 movers list (e.g., Micron -8.85% on the day) highlights ongoing single-name volatility.
Impact level
● Low
Affected assets
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● Neutral
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Nomura Holdings, Japan's largest brokerage, reported net profit of 145.6 billion yen (about $891 million) for the first quarter of fiscal 2024, up 39% from a year earlier. The gain was driven by heightened market volatility and record-high equity prices, which lifted performance in its trading and wealth management businesses.
The report also included a performance list for S&P 500 constituents. Micron Technology fell 8.85% on the day, ranking third among the biggest decliners.