Federated Investors 3rd-Quarter Earnings: Rising Markets Mask Customer Redemptions

Federated Investors 3rd-Quarter Earnings: Rising Markets Mask Customer Redemptions

Fund manager Federated Investors (NYSE: FII) reported a 2.8% increase in net income in the third quarter compared to the year-ago period. Its earnings were helped by rising stock and bond prices, which helped stem a decline in assets due to customer redemptions.

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Q3 2017

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Source: Fool.com