Federated Hermes reports Q4 EPS 63c, consensus 75c

Reports Q4 revenue $373.9M, consensus $384.75M. "Federated Hermes’ record assets at year-end 2022 were driven by money market asset increases and investor interest in our flagship Total Return Bond Fund and related separate accounts, as well as continued demand for our popular dividend income equity products," said J. Christopher Donahue, president and chief executive officer. "In addition, investors valued our investment perspective as they sought haven from market volatility in a diverse range of Federated Hermes products-from money market funds to low-duration fixed-income options to market neutral and bear market alternative strategies."