Federated Investors (FII) Tops Q2 EPS by 4c
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Federated Investors, Inc. Reports Second Quarter 2017 Earnings
July 27, 2017 4:17 PM EDTPITTSBURGH, July 27, 2017 /PRNewswire/ --Â Federated Investors, Inc. (NYSE: FII), one of the nation's largest investment managers, today reported earnings per diluted share (EPS) of $0.53 for Q2 2017, compared to $0.51 for the same quarter last year on net income of $53.5 million for Q2 2017, compared to $52.7 million for Q2 2016.
Federated's total managed assets were $360.4 billion at June 30, 2017, down $6.8 billion or 2 percent from $367.2 billion at June 30, 2016 and down $1.3 billion from $361.7 billion at March 31, 2017. Lower money market assets were partially offset by higher equity and fixed-income assets at the end of Q2 2017 compared... More
