First Niagara Financial Group Inc. (FNFG) upgraded to Outperform with price target $16.50 by Boenning & Scattergood
Boenning & Scattergood rated Outperform First Niagara Financial Group Inc. (NASDAQ: FNFG) on 07/22/2011, when the stock price was $12.87.
Since then, First Niagara Financial Group Inc. has lost 21.99% as of 05/21/2013's recent price of $10.04. If you would have followed this Boenning & Scattergood's recommendation on FNFG, you would have lost 21.98% of your investment in 669 days.
First Niagara Financial Group, Inc. provides a range of retail and commercial banking, as well as other financial services through its wholly owned savings bank subsidiary, First Niagara Bank (the Bank). First Niagara is a community bank in Upstate New York, providing its retail consumers and business customers with banking services, including residential and commercial real estate loans, commercial business loans and leases, consumer loans, wealth management products, as well as retail and commercial deposit products. It also employee benefit consulting services through a wholly-owned subsidiary of the Company. On February 15, 2008, the Company acquired Great Lakes Bancorp, Inc., the parent company of Greater Buffalo Savings Bank.
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