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Enter Symbol:
Rating: FNFG

First Niagara Financial Group Inc. (NASDAQ: FNFG) upgraded to Neutral by Citigroup

Wednesday,  Feb 5, 2014  8:25 AM ET by Kristen Bailey

Citigroup upgraded First Niagara Financial Group Inc. (NASDAQ: FNFG) to
Neutral. Citigroup rated First Niagara Financial Group Inc. (NASDAQ: FNFG) to Sell on 12/20/2013, when the price was $10.42.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

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