Nomura’s U.S. Ambitions Face a Historically Harsh Summer
Nomura Holdings is making bold moves to expand its U.S. footprint, including the recent $1.8 billion acquisition of Macquarie’s public asset management business. However, history suggests the stock faces a tough seasonal stretch between May and September, with an average return of -8.10% and a low win rate of just 28%. As U.S. credit spreads tighten and recession fears persist, Nomura’s strategic timing may face added scrutiny.