First Niagara

No questions, please, at First Niagara

First Niagara Financial Group announced earnings of 15 cents a share on Friday, in line with expectations. But the big question was about the Buffalo-based bank’s future, specifically a rumored sale to Long Island’s New York Community Bank Corp. or Canada’s TD Bank, also with a large Island presence. And, no surprise, there was no big answer to the big question. “First Niagara has a long-standing policy that we simply do not comment on market rumors or…


First Niagara said to be exploring sale

Buffalo’s First Niagara Financial Group Inc. is exploring a sale of the firm to suitors that include New York Community Bancorp, Toronto-Dominion Bank and Huntington Bancshares, according to DealReporter. According to the news site’s sources, First Niagara has hired JPMorgan Chase & Co. to advise on a possible sale or other strategic moves. FN has a market value of about $3.18 billion, based on the number of shares outstanding at the end of the second quarter. The company has…