Daiwa Profit Beats Estimates as Equities Business Surges

Daiwa Securities Group Inc.’s profit rose more than analysts expected last quarter, as Japan’s second-largest brokerage benefited from the global stock trading boom.

By Takashi Nakamichi and Ryo Horiuchi · Bloomberg

Daiwa Securities Group Inc.’s profit rose more than analysts expected last quarter, as Japan’s second-largest brokerage benefited from the global stock trading boom.