Nomura profit takes hit from market tumult

A booked loss tied to a settlement with an Italian bank also weighed on results

Nomura profit takes hit from market tumult

Net profit at Nomura Holdings dropped 32% in the July-to-September period from the previous quarter in part due to a weak performance in trading after September’s global stock rout.

Japan's biggest brokerage firm said on October 28 that its fiscal second-quarter net profit tumbled to ¥46.6 billion ($387 million) from ¥68.7 billion in the April-to-June period.

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