Reports Q4 revenue $391.5M, consensus $396.98M. “Federated Hermes’ record assets at year-end were driven by another quarter of money market asset increases, as our liquidity products continued to provide a vital cash management resource for clients,” said J. Christopher Donahue, president and CEO. “In addition, as they navigated market volatility, investors turned to a diverse range of our active management strategies-from our fundamentally based MDT equity strategies to high-yield fixed-income to unconstrained credit alternatives.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FHI:
- Federated Hermes, Inc. reports fourth quarter and full-year 2023 earnings
- Federated Hermes price target raised to $36 from $34 at RBC Capital
- Federated Hermes, Inc. (FHI) Q4 Earnings Cheat Sheet
- Federated Hermes price target raised to $44 from $43 at JPMorgan
- Federated Hermes Premier Municipal Income Fund declares dividend and announces new Trustee
