Wall Street Zen upgrades Nomura as Nomura Holdings stock sits 7.50 percent below its high

Published on 10/06/2026 at 05:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nomura wholesale revenue grew 41.00 percent in fiscal first quarter. Nomura Holdings stock costs EUR 8.76 on October 2, 2026 after EUR 8.49.

NMR, JP3762600009, Illustration mit AI erstellt.

Nomura Holdings (JP3762600009) had a substitute price of EUR 8.76 on Tradegate on October 2, 2026, 7.50 percent below the EUR 9.47 52-week high. On October 4, 2026, MarketBeat reported that Wall Street Zen upgraded Nomura from Hold to Buy.

Wholesale growth is slowing

The upgrade follows a mixed operating picture. The Japan Times reported on September 17, 2026, that Nomura's wholesale net revenue jumped 41.00 percent in the fiscal first quarter ended June 30, 2026.

The same report said wholesale revenue was progressing slightly above the year-ago level as of September 14, 2026, after double-digit growth in the previous two quarters. Rates trading was challenging, while equity products remained solid and foreign-exchange and emerging-market activity recovered.

Profit expectations remain elevated

For the quarter in progress on September 17, 2026, the average of five analyst estimates pointed to net income of JPY 113.1 billion, up 23.00 percent from the year-earlier period, according to The Japan Times.

Nomura's market capitalization was USD 28.5 billion on October 5, 2026. The combination of a 41.00 percent wholesale revenue jump in the latest completed fiscal quarter and the later slowdown signal leaves trading momentum as the key swing factor before results.

Results date sets the next test

Nomura is scheduled to release its next earnings report on October 28, 2026, according to Investing.com. The date will provide the next reported comparison for trading activity, net income and the durability of the wholesale division's contribution.

Tradegate price below yearly high

The substitute price on Tradegate was EUR 8.76 on October 2, 2026. That was plus 3.18 percent versus the Tradegate close of EUR 8.49 on October 1, 2026, while the EUR 9.47 52-week high left a 7.50 percent gap. Price source: substitute price Tradegate, Lang & Schwarz without data set.