Daiwa Earnings Beat Estimates as M&A Dealmaking Surges

Daiwa Securities Group Inc.’s profit beat estimates last quarter, as dealmaking in mergers and acquisitions surged while retail clients traded more.

By Takashi Nakamichi, Ryo Horiuchi · Bloomberg Markets

Daiwa Securities Group Inc.’s profit beat estimates last quarter, as dealmaking in mergers and acquisitions surged while retail clients traded more.