Nomura Holdings (ADR) (NMR) was Upgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Underperform ” on the company shares. Jefferies advised their investors in a research report released on Sep 1, 2016.
Many Wall Street Analysts have commented on Nomura Holdings (ADR). Nomura Holdings (ADR) was Downgraded by Morgan Stanley to ” Equal-Weight” on Jul 8, 2016.
On the company’s financial health, Nomura Holdings (ADR) reported $12.71 EPS for the quarter, beating the analyst consensus estimate by $ 6.91 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $5.80. The company had revenue of $418412.00 million for the quarter, compared to analysts expectations of $300497.72 million. The company’s revenue was down -17.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $19.11 EPS.
Nomura Holdings (ADR) opened for trading at $4.52 and hit $4.59 on the upside on Monday, eventually ending the session at $4.54, with a gain of 1.11% or 0.05 points. The heightened volatility saw the trading volume jump to 2,70,870 shares. Company has a market cap of $16,288 M.
Nomura Holdings Inc. (Nomura) is a Japan-based financial services company. The Company operates through three business segments: Retail Asset Management and Wholesale. The Retail segment provides investment consultation services to individual clients in Japan. The Asset Management segment develops and manages investment trusts and provides investment advisory services. The Wholesale segment is engaged in the sales and trading of debt and equity securities derivatives and currencies on a global basis and provides investment banking services such as the underwriting of debt and equity securities as well as mergers and acquisitions and financial advice. Its business lines include retail banking commercial banking payment and settlement retail brokerage trading and sales corporate finance agency services and asset management. Nomura through its subsidiaries operates offices in countries and regions across the world.