Investment Banking

Nomura sees investment banking fees jump 22%, but warns on deal slowdown

The Japanese bank has made senior hires in key areas this year

Tuesday 30 July 2024 at 08:44

Nomura’s growth in investment banking fees was smaller than its US rivals amid caution around a ‘slowdown in deals executed and Japan seasonal factors’
Nomura’s growth in investment banking fees was smaller than its US rivals amid caution around a ‘slowdown in deals executed and Japan seasonal factors’ Photo: Kiyoshi Ota/Getty Images

Nomura posted a 22% uptick in investment banking revenue, but the Japanese bank warned that it had seen a slowdown in deals over the past three months.

The Japanese lender unveiled fees of ¥37.2bn ($238m) in investment banking during the three months to 30 June, as net income tripled at the bank to ¥68.9 billion ($446m).