First Niagara Bank becomes one of first in the nation to pay off federal loans
First Niagara appears to be clicking. Their stock has lagged the rest of the sector. Perhaps that is the case because too much is known. It is almost like the upside is limited because the picture is clear.
I could equate that to the NBA where a prospect like Kwame’ Brown (I know, remember that stellar pick) will generate much more interest than a proven player like Shane Battier. The one hit with the unknowns might make up for 5 busts.
The unknowns in C, BAC, BKK, STT, USB, etc….. could provide a greater long term upside than a steady company with good, but not stellar, upside.
First Niagara - FNFG
First Niagara Financial Group said it has become one of the first banks in the country to repay the federal government’s capital investment, freeing the Lockport-based bank from an array of restrictions the government placed on recipients.
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