Federated Hermes Inc Class B

FHI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$22.00	Bqsr	Xwtzlqw

Federated Hermes Earnings: Higher Operating Expenses Offset Increased Money Market Fees

Greggory Warren

Jul 28, 2023

There was little in no-moat-rated Federated Hermes' second-quarter results that would alter our long-term view of the firm. We expect to leave our $40 per share fair value estimate in place. We view the company's shares as being slightly undervalued right now.

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