The Pittsburgh-based mutual fund giant saw fourth quarter net income rise 16% to $48 million, or 44 cents a share, compared to $42.8 million, or 38 cents a share, a year ago. For 2004, the company posted net income of $195.3 million, a 4% rise from $188.1 million a year earlier. Preliminary EPS from continuing operations for 2004 rose to $1.77, a 5% jump from $1.68 in 2003.
Federated has been in talks with the
Federated's average assets under management in the fourth quarter were $178.9 billion, down $2.9 billion from $181.8 billion in the third quarter.