Federated Hermes Inc (FRA:3KC)
€ 35.8 -0.2 (-0.56%) Market Cap: 3.02 Bil Enterprise Value: 2.91 Bil PE Ratio: 12.81 PB Ratio: 3.01 GF Score: 93/100

Federated Hermes Inc at Bank of America Merrill Lynch Future of Financials Virtual Conference Transcript

Nov 09, 2020 / 04:20PM GMT
Release Date Price: €22.2 (+9.90%)
Michael Roger Carrier
BofA Merrill Lynch, Research Division - Director

Good morning, everyone, and welcome to the Bank of America Securities Future of Financials Virtual Conference. I'm Mike Carrier, the research analyst at BofA, covering the brokers, asset managers and exchanges. And I hope you're all doing well.

Our next company up is Federated Hermes. And with us today are Chris Donahue, President and CEO; and Ray Hanley, who heads up Investor Relations. Chris and Ray, thanks for being with us today.

John Christopher Donahue
Federated Hermes, Inc. - President, CEO & Chairman

Doing very well. (inaudible) We're doing it.

Questions & Answers

Michael Roger Carrier
BofA Merrill Lynch, Research Division - Director

Thanks, Chris. I want to start out, just a bigger-picture question, since there's been more M&A in the sector of late, and you guys were early with Hermes. Just like stepping back on the Hermes transaction, what were some of the factors that drove Federated to first consider

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