|
|
 |
|
Viewing report
|
|
|
|
Capital Market Volatility Constrained Earnings Of Japan?s Securities Companies In 3Q 2007 Feb 08
Standard & Poors, Feb 2008
Abstract
TOKYO (Standard & Poor's) Feb. 4, 2008--Japan's three major brokerage firms-- Daiwa Securities Group Inc. (BBB+/Stable/A-2), Nikko Cordial Corp. (A/Watch Pos/A-1), and Nomura Holdings Inc. (A-/Stable/A-2)--continued to post weak overall results in the fiscal 2007 third quarter (ended Dec. 31, 2007), Standard & Poor's Ratings Services said in a Japanese-language report published today. In contrast to the third quarter of fiscal 2006, when all three of the companies recorded net losses in wholesale business, Nomura and Daiwa turned profits in this area. However, earnings at the companies remained low due to weak performance in the investment banking business, and Nikko Cordial continued to post net losses. In addition, falling stock brokerage commissions in the companies' retail banking business constrained profits....
Companies mentioned in this report are: Nomura Holdings Inc.,Daiwa Securities Group Inc.,Nikko Cordial Corp.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
