First Niagara Finl (FNFG) 9.69 $FNFG
First Horizon to Buy Loans Worth $637M from GE Capital
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 4:58PM CDT
With an aim of expanding in restaurant franchise finance business, First Tennessee Bank, the regional bank of First Horizon National Corp. (FHN) will acquire restaurant franchise loans from GE Capital worth $637 million.
GE: 32.20 (+0.38), FNFG: 9.69 (+0.04), WTFC: 50.66 (+0.59), FHN: 13.79 (+0.30)
People's United Expands in New York, To Buy Suffolk Bancorp
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 9:07AM CDT
On Monday, the regional bank, People's United Financial, Inc. (PBCT), came up with an expansion plan in the New York State. The bank is increasing its footprints in New York with the acquisition of Riverhead-based Suffolk Bancorp (SCNB).
PBCT: 14.83 (+0.18), JPM: 61.83 (+1.25), FNFG: 9.69 (+0.04), SCNB: 31.80 (+0.44)
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, JPMorgan Chase, KeyCorp and First Niagara Financial Group
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:30AM CDT
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, JPMorgan Chase, KeyCorp and First Niagara Financial Group
JPM: 61.83 (+1.25), FNFG: 9.69 (+0.04), C: 41.98 (+0.69), BAC: 13.17 (+0.16), KEY: 11.09 (+0.15)
Bank Stock Roundup: Q2 Trading Outlook Positive with Likely Fed Rate Hike, BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 1:54PM CDT
Over the last four trading days, major banks showed a bullish trend. Heightened expectations of a rate hike in June after the release of the minutes from the April FOMC meeting raised investors' confidence.
JPM: 61.83 (+1.25), FNFG: 9.69 (+0.04), C: 41.98 (+0.69), BAC: 13.17 (+0.16), WFC: 47.79 (+0.99), KEY: 11.09 (+0.15)
Will the KeyCorp-First Niagara Deal Face Legal Trouble?
Zacks Equity Research - Zacks Investment Research - Tue May 31, 6:56AM CDT
KeyCorp.'s (KEY) deal to acquire Buffalo, NY-based First Niagara Financial Group Inc. (FNFG) might be in trouble again as U.S. regulators have launched a probe into the latter's minority-lending practices.
FNFG: 9.69 (+0.04), BAC: 13.17 (+0.16), WFC: 47.79 (+0.99), KEY: 11.09 (+0.15)
Upgrade Alert for First Niagara Financial Group (FNFG)
Comtex SmarTrend(R) - Wed May 18, 3:11AM CDT
First Niagara Financial Group (NASDAQ:FNFG) was upgraded from Underperform to Market Perform at Raymond James today. The stock closed yesterday at $10.27 on volume of 1.9 million shares, below average daily volume of 2.3 million. There is potential upside of 4.2% for shares of First Niagara Financial Group based on a current price of $10.27 and an average consensus analyst price target of $10.70. The stock should find initial support at its 200-day moving average (MA) of $10.01 and further support at its 50-day MA of $9.94.
FNFG: 9.69 (+0.04)
Bank Stock Roundup: Q1 Earnings at the Tail End, Restructuring Dominates; Citi & SunTrust in Focus
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 2:00PM CDT
In the last five trading sessions, the euphoria of Q1 earnings beat was replaced by the continued fundamental weaknesses in banks and a challenging operating scenario.
FITB: 17.25 (+0.30), NWBI: 14.81 (+0.12), COF: 64.71 (+2.82), BBT: 35.22 (+0.45), USB: 40.09 (+0.86), FNFG: 9.69 (+0.04), STI: 41.44 (+0.74), BAC: 13.17 (+0.16), WFC: 47.79 (+0.99), KEY: 11.09 (+0.15), FNB: 12.52 (+0.30), CMA: 41.50 (+1.00)
First Niagara meets 1Q profit forecasts
Automated Insights - Fri Apr 29, 6:31AM CDT
BUFFALO, N.Y. (AP) _ First Niagara Financial Group Inc. (FNFG) on Friday reported first-quarter net income of $48.3 million.
FNFG: 9.69 (+0.04)
First Niagara Reports First Quarter 2016 Results
GlobeNewswire - Fri Apr 29, 6:01AM CDT
-- First quarter operating earnings of $0.14 per diluted share
FNFG: 9.69 (+0.04)
KeyCorp, Department of Justice, and Federal Reserve Board Agree on First Niagara Branch Divestitures
PR Newswire - Thu Apr 28, 3:19PM CDT
KeyCorp (NYSE: KEY) and First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced today that they have reached an agreement with Northwest Bank, a wholly-owned subsidiary of Northwest Bancshares, Inc. (NASDAQGS: NWBI), to sell 18 branches in the Buffalo Federal Reserve banking market totaling $1.7 billion in deposits and $0.5 billion in loans. Northwest Bank's purchase includes all 18 branches slated for divestiture under Key's agreements with the United States Department of Justice (DOJ) and the Federal Reserve Board, which were entered into in connection with their review of KeyCorp's pending merger with First Niagara. Key will retain its middle market, private banking, municipal and commercial real estate client relationships within this market. The divestiture transaction is subject to the completion of the merger of KeyCorp and First Niagara, which remains subject to regulatory approvals.
NWBI: 14.81 (+0.12), FNFG: 9.69 (+0.04), KEY: 11.09 (+0.15)
Three First Niagara Directors to Join KeyCorp's Board
PR Newswire - Fri Apr 22, 7:14AM CDT
KeyCorp (NYSE: KEY) announced today that its Board of Directors has appointed Austin A. Adams, Gary M. Crosby, and Carlton L. Highsmith to KeyCorp's Board of Directors effective upon the closing of the merger of First Niagara Financial Group, Inc. ("First Niagara"
into KeyCorp. The new Directors are currently members of First Niagara's Board of Directors. As previously announced, the Merger Agreement between KeyCorp and First Niagara provides that three members of First Niagara's Board would be appointed as directors of KeyCorp effective upon the closing of the merger.
FNFG: 9.69 (+0.04), KEY: 11.09 (+0.15)
First Niagara Financial Group, Inc. Declares Quarterly Dividend
GlobeNewswire - Fri Apr 22, 7:12AM CDT
First Niagara Financial Group, Inc. (NASDAQ:FNFG) today announced that the Company's Board of Directors declared a quarterly dividend of eight cents ($0.08) per share on outstanding FNFG common stock.
FNFG: 9.69 (+0.04)
First Niagara Financial Group to Announce First Quarter Results on April 29, 2016
GlobeNewswire - Tue Apr 12, 3:10PM CDT
First Niagara Financial Group, Inc. (NASDAQ:FNFG) today announced that it will release first quarter results before the market opens on Friday, April 29, 2016.
FNFG: 9.69 (+0.04)
KeyCorp And First Niagara Financial Group Announce Shareholder Approval Of Merger
PR Newswire - Wed Mar 23, 10:23AM CDT
KeyCorp (NYSE: KEY) and First Niagara Financial Group (NASDAQ: FNFG) announced today that each company's shareholders voted in favor of the merger between the two companies.
FNFG: 9.69 (+0.04), KEY: 11.09 (+0.15)
Bank Stock Roundup: Weak Q1 Trading Outlook; Citi & Wells Fargo in Focus
Zacks Equity Research - Zacks Investment Research - Fri Mar 11, 2:15PM CST
While the issues in China, heightened market volatility, absence of clarity over rise in interest rates and unclear outlook of oil prices have forced investors to remain on the sidelines, the lower trading revenue outlook provided by some of the major banks signified that the earnings picture will remain subdued in the first quarter.
COF: 64.71 (+2.82), BBT: 35.22 (+0.45), JPM: 61.83 (+1.25), FNFG: 9.69 (+0.04), C: 41.98 (+0.69), BAC: 13.17 (+0.16), WFC: 47.79 (+0.99), AIG: 53.01 (+1.19), KEY: 11.09 (+0.15), BK: 38.49 (+0.73)
KeyCorp & First Niagara Settle Certain Shareholders Suits
Zacks Equity Research - Zacks Investment Research - Fri Mar 11, 10:20AM CST
KeyCorp (KEY) and First Niagara (FNFG) in separate regulatory filings on Wednesday disclosed that class-action lawsuits filed in New York State by First Niagara shareholders have been settled.
CFFN: 14.00 (+0.13), BFIN: 12.38 (+0.17), FNFG: 9.69 (+0.04), KEY: 11.09 (+0.15)
After Yesterday's Decline of 1.72%, First Niagara Financial Group Offers Investors Better Value
Comtex SmarTrend(R) - Wed Feb 10, 6:21PM CST
First Niagara Financial Group (NASDAQ:FNFG) traded in a range yesterday that spanned from a low of $8.89 to a high of $9.48. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $9.16 on volume of 11.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
FNFG: 9.69 (+0.04)
First Niagara Q4 Earnings Meet Estimates, Revenues Beat
Zacks Equity Research - Zacks Investment Research - Mon Feb 08, 8:30AM CST
First Niagara's fourth-quarter 2015 operating earnings of 15 cents per share came in line with the Zacks Consensus Estimate, but decreased 11.8% year over year
TLMR: 19.18 (+0.32), FNFG: 9.69 (+0.04), DCOM: 17.07 (+0.27), KEY: 11.09 (+0.15)
First Horizon to Buy Loans Worth $637M from GE Capital
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 4:58PM CDT
With an aim of expanding in restaurant franchise finance business, First Tennessee Bank, the regional bank of First Horizon National Corp. (FHN) will acquire restaurant franchise loans from GE Capital worth $637 million.
GE: 32.20 (+0.38), FNFG: 9.69 (+0.04), WTFC: 50.66 (+0.59), FHN: 13.79 (+0.30)
People's United Expands in New York, To Buy Suffolk Bancorp
Zacks Equity Research - Zacks Investment Research - Tue Jun 28, 9:07AM CDT
On Monday, the regional bank, People's United Financial, Inc. (PBCT), came up with an expansion plan in the New York State. The bank is increasing its footprints in New York with the acquisition of Riverhead-based Suffolk Bancorp (SCNB).
PBCT: 14.83 (+0.18), JPM: 61.83 (+1.25), FNFG: 9.69 (+0.04), SCNB: 31.80 (+0.44)
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, JPMorgan Chase, KeyCorp and First Niagara Financial Group
Zacks Equity Research - Zacks Investment Research - Tue Jun 07, 8:30AM CDT
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, JPMorgan Chase, KeyCorp and First Niagara Financial Group
JPM: 61.83 (+1.25), FNFG: 9.69 (+0.04), C: 41.98 (+0.69), BAC: 13.17 (+0.16), KEY: 11.09 (+0.15)
Bank Stock Roundup: Q2 Trading Outlook Positive with Likely Fed Rate Hike, BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jun 03, 1:54PM CDT
Over the last four trading days, major banks showed a bullish trend. Heightened expectations of a rate hike in June after the release of the minutes from the April FOMC meeting raised investors' confidence.
JPM: 61.83 (+1.25), FNFG: 9.69 (+0.04), C: 41.98 (+0.69), BAC: 13.17 (+0.16), WFC: 47.79 (+0.99), KEY: 11.09 (+0.15)
Will the KeyCorp-First Niagara Deal Face Legal Trouble?
Zacks Equity Research - Zacks Investment Research - Tue May 31, 6:56AM CDT
KeyCorp.'s (KEY) deal to acquire Buffalo, NY-based First Niagara Financial Group Inc. (FNFG) might be in trouble again as U.S. regulators have launched a probe into the latter's minority-lending practices.
FNFG: 9.69 (+0.04), BAC: 13.17 (+0.16), WFC: 47.79 (+0.99), KEY: 11.09 (+0.15)
Upgrade Alert for First Niagara Financial Group (FNFG)
Comtex SmarTrend(R) - Wed May 18, 3:11AM CDT
First Niagara Financial Group (NASDAQ:FNFG) was upgraded from Underperform to Market Perform at Raymond James today. The stock closed yesterday at $10.27 on volume of 1.9 million shares, below average daily volume of 2.3 million. There is potential upside of 4.2% for shares of First Niagara Financial Group based on a current price of $10.27 and an average consensus analyst price target of $10.70. The stock should find initial support at its 200-day moving average (MA) of $10.01 and further support at its 50-day MA of $9.94.
FNFG: 9.69 (+0.04)
Bank Stock Roundup: Q1 Earnings at the Tail End, Restructuring Dominates; Citi & SunTrust in Focus
Zacks Equity Research - Zacks Investment Research - Fri Apr 29, 2:00PM CDT
In the last five trading sessions, the euphoria of Q1 earnings beat was replaced by the continued fundamental weaknesses in banks and a challenging operating scenario.
FITB: 17.25 (+0.30), NWBI: 14.81 (+0.12), COF: 64.71 (+2.82), BBT: 35.22 (+0.45), USB: 40.09 (+0.86), FNFG: 9.69 (+0.04), STI: 41.44 (+0.74), BAC: 13.17 (+0.16), WFC: 47.79 (+0.99), KEY: 11.09 (+0.15), FNB: 12.52 (+0.30), CMA: 41.50 (+1.00)
First Niagara meets 1Q profit forecasts
Automated Insights - Fri Apr 29, 6:31AM CDT
BUFFALO, N.Y. (AP) _ First Niagara Financial Group Inc. (FNFG) on Friday reported first-quarter net income of $48.3 million.
FNFG: 9.69 (+0.04)
First Niagara Reports First Quarter 2016 Results
GlobeNewswire - Fri Apr 29, 6:01AM CDT
-- First quarter operating earnings of $0.14 per diluted share
FNFG: 9.69 (+0.04)
KeyCorp, Department of Justice, and Federal Reserve Board Agree on First Niagara Branch Divestitures
PR Newswire - Thu Apr 28, 3:19PM CDT
KeyCorp (NYSE: KEY) and First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced today that they have reached an agreement with Northwest Bank, a wholly-owned subsidiary of Northwest Bancshares, Inc. (NASDAQGS: NWBI), to sell 18 branches in the Buffalo Federal Reserve banking market totaling $1.7 billion in deposits and $0.5 billion in loans. Northwest Bank's purchase includes all 18 branches slated for divestiture under Key's agreements with the United States Department of Justice (DOJ) and the Federal Reserve Board, which were entered into in connection with their review of KeyCorp's pending merger with First Niagara. Key will retain its middle market, private banking, municipal and commercial real estate client relationships within this market. The divestiture transaction is subject to the completion of the merger of KeyCorp and First Niagara, which remains subject to regulatory approvals.
NWBI: 14.81 (+0.12), FNFG: 9.69 (+0.04), KEY: 11.09 (+0.15)
Three First Niagara Directors to Join KeyCorp's Board
PR Newswire - Fri Apr 22, 7:14AM CDT
KeyCorp (NYSE: KEY) announced today that its Board of Directors has appointed Austin A. Adams, Gary M. Crosby, and Carlton L. Highsmith to KeyCorp's Board of Directors effective upon the closing of the merger of First Niagara Financial Group, Inc. ("First Niagara"
into KeyCorp. The new Directors are currently members of First Niagara's Board of Directors. As previously announced, the Merger Agreement between KeyCorp and First Niagara provides that three members of First Niagara's Board would be appointed as directors of KeyCorp effective upon the closing of the merger. FNFG: 9.69 (+0.04), KEY: 11.09 (+0.15)
First Niagara Financial Group, Inc. Declares Quarterly Dividend
GlobeNewswire - Fri Apr 22, 7:12AM CDT
First Niagara Financial Group, Inc. (NASDAQ:FNFG) today announced that the Company's Board of Directors declared a quarterly dividend of eight cents ($0.08) per share on outstanding FNFG common stock.
FNFG: 9.69 (+0.04)
First Niagara Financial Group to Announce First Quarter Results on April 29, 2016
GlobeNewswire - Tue Apr 12, 3:10PM CDT
First Niagara Financial Group, Inc. (NASDAQ:FNFG) today announced that it will release first quarter results before the market opens on Friday, April 29, 2016.
FNFG: 9.69 (+0.04)
KeyCorp And First Niagara Financial Group Announce Shareholder Approval Of Merger
PR Newswire - Wed Mar 23, 10:23AM CDT
KeyCorp (NYSE: KEY) and First Niagara Financial Group (NASDAQ: FNFG) announced today that each company's shareholders voted in favor of the merger between the two companies.
FNFG: 9.69 (+0.04), KEY: 11.09 (+0.15)
Bank Stock Roundup: Weak Q1 Trading Outlook; Citi & Wells Fargo in Focus
Zacks Equity Research - Zacks Investment Research - Fri Mar 11, 2:15PM CST
While the issues in China, heightened market volatility, absence of clarity over rise in interest rates and unclear outlook of oil prices have forced investors to remain on the sidelines, the lower trading revenue outlook provided by some of the major banks signified that the earnings picture will remain subdued in the first quarter.
COF: 64.71 (+2.82), BBT: 35.22 (+0.45), JPM: 61.83 (+1.25), FNFG: 9.69 (+0.04), C: 41.98 (+0.69), BAC: 13.17 (+0.16), WFC: 47.79 (+0.99), AIG: 53.01 (+1.19), KEY: 11.09 (+0.15), BK: 38.49 (+0.73)
KeyCorp & First Niagara Settle Certain Shareholders Suits
Zacks Equity Research - Zacks Investment Research - Fri Mar 11, 10:20AM CST
KeyCorp (KEY) and First Niagara (FNFG) in separate regulatory filings on Wednesday disclosed that class-action lawsuits filed in New York State by First Niagara shareholders have been settled.
CFFN: 14.00 (+0.13), BFIN: 12.38 (+0.17), FNFG: 9.69 (+0.04), KEY: 11.09 (+0.15)
After Yesterday's Decline of 1.72%, First Niagara Financial Group Offers Investors Better Value
Comtex SmarTrend(R) - Wed Feb 10, 6:21PM CST
First Niagara Financial Group (NASDAQ:FNFG) traded in a range yesterday that spanned from a low of $8.89 to a high of $9.48. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $9.16 on volume of 11.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
FNFG: 9.69 (+0.04)
First Niagara Q4 Earnings Meet Estimates, Revenues Beat
Zacks Equity Research - Zacks Investment Research - Mon Feb 08, 8:30AM CST
First Niagara's fourth-quarter 2015 operating earnings of 15 cents per share came in line with the Zacks Consensus Estimate, but decreased 11.8% year over year
TLMR: 19.18 (+0.32), FNFG: 9.69 (+0.04), DCOM: 17.07 (+0.27), KEY: 11.09 (+0.15)
