Federated Investors Reports a Drop in AUM and Operating Income
Fund manager Federated Investors (NYSE: FII) reported that net income rose 1% in the second quarter to $53.5 million, helped primarily by an increase in investment income from the company's investment portfolio.
Operating income, which excludes investment income and taxes, fell by 4%, due to a decline in fees earned on Federated's declining base of managed assets.
Metric
Source: Fool.com
Federated Investors Inc. Aktie
31,60 €
-1,86 %