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Federated Hermes, Inc. Reports First Quarter 2020 Earnings
April 30, 2020 4:17 PM EDTPITTSBURGH, April 30, 2020 /PRNewswire/ -- Federated Hermes, Inc. (NYSE: FHI), a leading global investment manager, today reported earnings per diluted share (EPS) of $0.63 for Q1 2020, compared to $0.54 for the same quarter last year, on net income of $64.2 million for Q1 2020, compared to $54.5 million for Q1 2019.
Federated Hermes' total managed assets were a record $605.8 billion at March 31, 2020, up $120.9 billion or 25% from $484.9 billion at March 31, 2019 and up $29.9 billion or 5% from $575.9 billion at Dec. 31, 2019. Total average managed assets for Q1 2020 were $580.2 billion, up $104.8 billion or 22% from $475.4 billion reported for Q1 2019 and up $30.1 billion or 5% from... More
