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First Niagara Financial Group Inc. Message Board

  • goldstocks goldstocks Jan 24, 2013 6:34 PM Flag

    First Niagara a BUY by Deutsche Bank analyst! I said it was coming! Get ready Buyers heavy today

    Deutsche Bank analyst Dave Rochester rates First Niagara a "Buy," with a price target of $9.50, and said after the earnings announcement that "while we expect investors to assign a discount to the shares versus peers given a relatively weaker capital position and the potential for future M&A, we continue to expect the valuation differential between FNFG shares and the mid cap banks to shrink over time as earnings visibility and investor sentiment improve with continued execution on the organic growth strategy, but we note this could take time to develop, and is largely predicated on management's ability to consistently deliver."

    I would not short First Niagara now, as earnings will come in without charges next quarter. This bank has grown over the last several years, are gining the large banks and financials a reason to buy them out, and jumped onto online mobile banking. Naysayers can have their fun but long term I will make the money.

    As housing and commercial loans come in, and they will, adding what I see happening of an increase in dividends, the stock will run up. First Niagara has a ton of Cash! Profits are made.....

    Sentiment: Strong Buy

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FNFG
8.64-0.02(-0.29%)Jul 11 4:00 PMEDT

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