UPDATE 3-Nomura tops fcasts with biggest profit in 9 quarters

miércoles 28 de octubre de 2009 09:25 CET

* July-Sept net profit 27.7 bln yen vs 6.2 bln consensus

* Boosted by $1.6 bln trading gain, investment trusts

* To pay 4 yen/shr dividend, first payout in 3 quarters

* Shares close up 0.3 pct before result, down 12 pct in 2009 (Recasts to lead on net profit that strips out contributions from companies in which it has minority stakes)

By Junko Fujita

TOKYO, Oct 28 (Reuters) - Nomura Holdings Inc (8604.T: Cotización), Japan's largest brokerage, reported its biggest profit in nine quarters, beating market expectations, on strong sales of mutual funds and $1.6 billion in trading gains.

The solid results, which prompted the broker to pay its first dividend in three quarters, show that Nomura is beginning to profit from its purchase of the European and Asian operations of failed investment bank Lehman Brothers LEHMQ.PK last year.

But Nomura's improving fortunes also mirrored strong earnings at rivals such as Goldman Sachs Group Inc (GS.N: Cotización) and JPMorgan Chase & Co (JPM.N: Cotización), which also bounced back with global financial markets, and could prove fleeting, some analysts said.

"This time the acquisition of Lehman had a positive impact," said Ehsan Syed, director at Fitch Ratings in Tokyo.   Continuación...