Nomura profit beats estimates on equity trading and dealmaking

Nomura's profits surged last quarter, exceeding both expectations and analyst forecasts as the Tokyo-based brokerage benefited from thriving equity markets following Donald Trump's presidency. The firm reported ¥72 billion in net income, up 27% year-over-year, surpassing estimates of ¥63.9 billion on average. Nomura is expanding its operations, including potential returns to cash prime brokerage in key markets like the U.S. and Europe after acquiring an asset management business.