Executive Summary: Trading at over a 30% discount to tangible book value, First Niagara has grown its commercial and residential loan portfolio for 14 consecutive quarters. It has acquired competitors to strengthen its regional footprint and is optimizing existing banking operations, setting the company up for continued growth over the next few years.
As interest rates rise, there are some stocks that will be potential winners and losers. Among stocks that should perform better because the underlying companies should be able to increase loan profits are the bank stocks. Many of the large commercial bank stocks have done very well thus far in 2013. Market leaders such as JP Morgan Chase (NYSE:JPM), Citigroup (NYSE:C) and...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|