Nomura reports 13% fall in Q3 net revenue

<img width="562" height="338" src="https://www.leaprate.com/wp-content/uploads/2021/07/Nomura.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="Nomura" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2021/07/Nomura.jpg 880w, https://www.leaprate.com/wp-content/uploads/2021/07/Nomura-768×463.jpg 768w, https://www.leaprate.com/wp-content/uploads/2021/07/Nomura-730×438.jpg 730w, https://www.leaprate.com/wp-content/uploads/2021/07/Nomura-230×138.jpg 230w, https://www.leaprate.com/wp-content/uploads/2021/07/Nomura-380×228.jpg 380w, https://www.leaprate.com/wp-content/uploads/2021/07/Nomura-88×53.jpg 88w, https://www.leaprate.com/wp-content/uploads/2021/07/Nomura-245×148.jpg 245w, https://www.leaprate.com/wp-content/uploads/2021/07/Nomura-500×301.jpg 500w" sizes="(max-width: 562px) 100vw, 562px" /><h2>Growth</h2>
<p>Investment Banking, however, registered yearly increase during the third quarter attributed to the growth in capital light businesses such as advisory and origination.</p>
<p>Kentaro Okuda added:</p>
<blockquote><p>Investment Banking had its best quarter since the year ended March 2017 when comparisons became possible, driven by cross-border M&amp;A deals, sustainable finance mandates and synergies with Nomura Greentech.</p></blockquote>
<blockquote><p>Investment Management saw continued global inflows across various channels, lifting assets under management to an all-time high. In Retail, we made progress toward a more stable revenue mix, as higher recurring revenue assets drove growth in recurring revenue underpinned by our continued focus on the total assets of our clients.</p></blockquote>
<p><a target="_blank" href="https://www.leaprate.com/tag/nomura/" rel="noopener">Nomura</a>’s wholesale division saw a 202.7 billion yen in net revenue for the third quarter. Still down 9% YoY but it registered a quarter-over-quarter increase of 17%.</p>
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