BUFFALO, N.Y. _ First Niagara Financial Group Inc. on Friday reported first-quarter net income of $48.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 14 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
Jim Cramer lays out his plan for this group for the next 30 years while giving his take on caller favorite stocks.
When KeyCorp said on Friday that it agreed to buy First Niagara Financial Group, shares of both banks dropped fell, with KeyCorp dropping 7 percent and First Niagara slipping nearly 1 percent. When New York Community Bancorp agreed to buy Astoria Financial Inc, the acquirer's shares fell 12 percent, and Astoria's shares fell 7.7 percent. After the KeyCorp and New...
Some of the names on the move ahead of the open.
On today's final trading day of October, stocks are on track for their best month in four years and a fifth straight winning week.
KeyCorp on Friday announced plans to buy First Niagara Financial in a deal the company valued at $4.1 billion.
CNBC Pro highlights the top-performing stocks this week and analyzes whether the good times will continue.
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New money making opportunities lie ahead. “This stock has a history of reporting, then selling off, and rallying again," Cramer said.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
A slowdown in lending is flashing a warning sign about bank earnings as the biggest names in the business get set to report.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
The holding company for First Niagara Bank said Friday that the period ended Sept. 30 was its 11th straight quarter of double-digit growth for its commercial loan book. First Niagara's net income available to common shareholders fell to $50.8 million, or 14 cents per share, from $57 million, or 19 cents per share, in the same period last year.
*Barclays starts coverage of the U.S. small-cap banks industry with neutral. *Barclays starts Associated Banc Corp with equal weight rating. *Barclays starts Cullen/Frost Bankers Inc with underweight rating.
The company appointed Anne Donahue to New York market leader for the private client reserve of US Bank. The bank also appointed Lynn Maaske as vice president and wealth management adviser for the private client reserve in St. Paul. The firm added Al Weaver and John Worcester to its advisor force in Massachusetts.
BUFFALO, N.Y.-- First Niagara Financial Group says it's realigning some staffing and will do away with 180 positions as it recruits for 250 others. The bank says it's hired 2,700 people over the past two years, including 1,200 from its recent purchase of 195 HSBC branches in New York and southwestern Connecticut.
Sometimes rumors are too good an idea to ignore, especially when it comes to bank acquisitions, “Mad Money” host Jim Cramer said Tuesday.
Take a look at some of Friday's morning movers:
Following up on last week’s look at the bank stocks trading at the lowest multiples to forward earnings estimates, we now apply the same approach to small-cap bank stocks.
A quick look at the "laggards" for year-to-date returns among bank stocks shows some quality names that posted relatively strong earnings results in 2011, and performed much better than the The KBW Bank Index.