
Federated Hermes Manages $829.6 Billion AUM with 1% Revenue Growth Amid Mix Shifts
Federated Hermes, Inc.Description
What this story covers
Federated Hermes reported $829.6B AUM in 2024, up 9%, driven by money markets. Revenue rose 1% to $1.632B, but net income fell 10% to $268.3M due to impairments and mix shifts. Strong liquidity supports dividends and buybacks; risks include market volatility and regulations. ESG integration bolsters competitive edge in active investing.
Story snapshot
CompanyFederated Hermes, Inc.
TickerFHI
VariantStandard detailed
Duration11:50
Filing type10-K
PeriodAnnual 2024
IndustryFinancial Services
Accession0001056288-25-000004
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