First Niagara Financial Group (FNFG) Releases Earnings Results, Beats Expectations By $0.03 EPS

First Niagara Financial Group (FNFG) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.15. Analysts expectations of $353.58 million. During the same quarter in the previous year, the company posted $0.15 EPS.

First Niagara Financial Group opened for trading at $10.14 and hit $10.26 on the upside on Thursday, eventually ending the session at $10.2, with a gain of 0.29% or 0.03 points. The heightened volatility saw the trading volume jump to 17,18,836 shares. Company has a market cap of $3,620 M.

In a different news, on Jun 17, 2016, Richard M Barry (EVP, Chief Risk Officer) sold 238 shares at $10.85 per share price. According to the SEC, on Jun 17, 2016, Liam Brickley (SVP, Chief Credit Officer) sold 135 shares at $10.84 per share price. On Jun 8, 2016, Inder Koul (Chief Information Officer) sold 238 shares at $10.60 per share price, according to the Form-4 filing with the securities and exchange commission.

First Niagara Financial Group Inc. is a bank holding company. The Company provides a range of retail and commercial banking as well as other financial services through its wholly owned bank subsidiary First Niagara Bank N.A. (the Bank). The Bank is a nationally chartered regional bank providing financial services to individuals families and businesses. The Bank provides its retail consumer and business customers with banking services including residential and commercial real estate loans commercial business loans consumer loans wealth management products as well as retail and commercial deposit products. Additionally it offers insurance services through a wholly owned subsidiary of the Bank. The Bank operates through approximately 411 branches and several financial services subsidiaries.

First Niagara Financial Group

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