Nomura Holdings said that revenue from its global trading and investment banking business has increased “slightly” so far this quarter, which means a slowdown from double-digit growth in the previous two quarters. According to the statement, as of September 14, the revenue from the wholesale business was “slightly higher than the same period last year” for the current quarter. The Tokyo-based company said that business related to stock products is still “steady,” and that foreign exchange and emerging market businesses have recovered, but interest rate trading has been “full of challenges.” In the first fiscal quarter ending June 30, Nomura's net revenue from the wholesale business increased by 41%, benefiting from stock market fluctuations caused by AI and bets related to the Middle East War, just like its Wall Street rivals. The wholesale business contributed more than half of the company's total revenue and helped Nomura set a record for the highest annual profit in the previous fiscal year. After a glorious year, banks around the world have signalled that this quarter's results will diverge. J.P. Morgan expects transaction revenue to grow, and Bank of America expects “relatively stable” results. Nomura also pointed out that the moderate increase in revenue from the wholesale business “reflects the impact of the depreciation of the yen to a certain extent.”

Nomura Holdings said that revenue from its global trading and investment banking business has increased “slightly” so far this quarter, which means a slowdown from double-digit growth in the previous two quarters. According to the statement, as of September 14, the revenue from the wholesale business was “slightly higher than the same period last year” for the current quarter. The Tokyo-based company said that business related to stock products is still “steady,” and that foreign exchange and emerging market businesses have recovered, but interest rate trading has been “full of challenges.” In the first fiscal quarter ending June 30, Nomura's net revenue from the wholesale business increased by 41%, benefiting from stock market fluctuations caused by AI and bets related to the Middle East War, just like its Wall Street rivals. The wholesale business contributed more than half of the company's total revenue and helped Nomura set a record for the highest annual profit in the previous fiscal year. After a glorious year, banks around the world have signalled that this quarter's results will diverge. J.P. Morgan expects transaction revenue to grow, and Bank of America expects “relatively stable” results. Nomura also pointed out that the moderate increase in revenue from the wholesale business “reflects the impact of the depreciation of the yen to a certain extent.”