Nomura Holdings achieves ROE target despite decline in Q2 net revenue and net income
NMR Nomura Holdings Inc ADR
$9.69 +1.89%
View chart & analysis → - 1Nomura Holdings recorded a Q2 ROE of 10.9%.
- 2Nomura Holdings' total group net revenue was 607.5 billion yen, a 12% decrease from the previous quarter.
- 3CFO Hiroyuki Moriuchi stated that market uncertainty affected Q2 wholesale division performance, but the company will continue to execute its long-term plan.
So what's the key point?
Nomura Holdings' revenue and profit decreased by 12 percent compared to the previous quarter. However, the company achieved its return on equity target and is moving forward according to plan.
Source The Motley Fool · View original ↗
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