First Niagara: A Low-Profile Gem

Filed under: Stocks to Buy

Community banking may become an enduring trend in the current decade, and that's a major reason I'm reiterating my buy rating for First Niagara Financial Group (FNFG), first recommended on April 27, 2009 at a price of $13.55.



First Niagara's stock has continued to meander since the spring buy call, but the value proposition remains the same: a community bank with few non-performing mortgages. Its residential loan portfolio, all in-house, is performing well.

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First Niagara: A Low-Profile Gem originally appeared on BloggingStocks on Fri, 29 Jan 2010 17:30:00 EST. Please see our terms for use of feeds.

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