Mon, Dec 22, 2014, 4:47 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

First Niagara Financial Group Inc. Message Board

  • stocksinc stocksinc Jan 10, 2013 3:23 PM Flag

    First Niagara RIpe for Takeover - Wall Street Comments on Buyouts

    From todays Wall Street comment on Northeast Banks....
    Question to him about
    Mr. Schultheis: I'm a little bit different from those who say the M&A wave is coming. I think the M&A wave is here, but we don't recognize it for what it is because the multiples haven't expanded as much. Prior to the Great Recession, banks were being acquired for 2.5 or three times tangible book; now they are selling for 1.6 times tangible book.

    FNFG was named in the Wall Street Bank Outlook and is cheap at the current share price

    Banks are grabbing each other up.... I told you, insiders have been buying up all they can even outside their program. Why? Its cheap. One has been buying up since it hit thirteen. Why? He said it was a good price. First Niagara is CASH heavy and snatched up huge commercial accounts recently.

    (I hold FNFG)

    Sentiment: Strong Buy

8.35+0.01(+0.12%)4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.