Nomura Profit Beats Estimates on Equity Trading, Dealmaking

Nomura Holdings Inc.’s profit rose more than analysts expected last quarter, as Japan’s biggest brokerage joined Wall Street banks in posting trading gains from volatile equity markets after Donald Trump took office.

Fees from dealmaking also helped net income climb 27% from a year earlier to ¥72 billion ($501 million) in the three months ended March 31, the Tokyo-based firm said in a statement Friday. That beat the ¥63.9 billion average of five analyst estimates.