Nomura Holdings Inc., Japan’s biggest independent securities firm, is emulating Morgan Stanley by urging brokers to offer loans and gather deposits as it faces growing competition from the country’s largest lenders.
Nomura Holdings Inc. rose the most in more than 10 months in Tokyo stock trading after Japan’s biggest brokerage said it will buy back shares and raise dividends as it posted a lower-than-estimated decline in quarterly earnings.
Nomura Holdings Inc., Japan’s largest securities firm, is on pace to achieve the biggest annual profit in eight years after a surge in the country’s stock market helped third-quarter earnings more than double.
Nomura Holdings Inc. shares rose, recovering from a tumble that had pushed its valuation to the lowest in more than 10 years as Olympus Corp.’s disclosure of hidden losses shook confidence in Japanese stocks and led to a rout at a firm already battered by setbacks abroad.
Nomura Holdings Inc. named Steven Ashley as global head of fixed income following the resignations of two top bankers who joined when Japan’s biggest brokerage bought Lehman Brothers Holdings Inc. operations in 2008.