Nomura Holdings (ADR) (NMR) is Downgraded by Morgan Stanley to Equal-Weight

Nomura Holdings (ADR) (NMR) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Jul 8, 2016.

On the company’s financial health, Nomura Holdings (ADR) reported $-5.33 EPS for the quarter, missing the analyst consensus estimate by $ -9.58 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $4.25. The company had revenue of $362215.00 million for the quarter, compared to analysts expectations of $315583.68 million. The company’s revenue was down -29.0 % compared to the same quarter last year.

Nomura Holdings (ADR) closed down -0.09 points or -2.50% at $3.51 with 7,64,472 shares getting traded on Tuesday. Post opening the session at $3.56, the shares hit an intraday low of $3.5 and an intraday high of $3.569 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Nomura Holdings  (ADR)

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