2024-05-03 02:42:44 ET
Summary
- Federated Hermes' actual EPS and dividend distributions for Q1 2024 surpassed expectations.
- FHI's shares underperformed on the day following its results announcement; this might be due to unwarranted concerns regarding a worst-case interest rate environment scenario materializing for the stock.
- I retain a Buy rating for FHI, after reviewing the company's latest financial disclosures and management comments.
Elevator Pitch
I rate Federated Hermes, Inc. ( FHI ) shares as a Buy....
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Federated Hermes: Concerns About Interest Rate Environment Overshadow Positive Surprises