First Niagara Financial (FNFG +3.2%) gains following its first earnings report of the post-John...

|About: First Niagara Financial ... (FNFG)|By:, SA News Editor

First Niagara Financial (FNFG +3.2%) gains following its first earnings report of the post-John Koelmel era. Management has gotten the message (transcript) about too many acquisitions. "I want to be very clear that our focus is on leveraging the footprint and franchise that we have built," says interim CEO Gary Crosby, promising laser-vision on organic growth. He gives little detail on the search for a permanent CEO other to say it's well on its way.