Japan’s Nomura says its profit triples in April-June on wealth management

TOKYO (Reuters) – Nomura Holdings, Japan’s largest brokerage and investment bank, reported a 195% jump in first-quarter profit on Tuesday as the rally in global markets bolstered demand for its wealth management services.

Nomura said April-June net profit came in at 68.9 billion yen ($446 million) versus 23.3 billion yen a year earlier.

($1 = 154.6300 yen)

(Reporting by Anton Bridge; Editing by David Dolan and Tom Hogue)