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First Niagara (FNFG) Stock Higher After Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of First Niagara Financial (FNFG) are up 0.29% to $10.23 on heavy trading volume midday Friday after the company reported higher-than-anticipated earnings for the 2016 second quarter.

Before today's market open, the Buffalo, NY-based bank holding company reported operating earnings of 18 cents per diluted share, above analysts' estimates of 15 cents per share.

Revenue for the period was $330.7 million, below analysts' estimates of $356.1 million.

"Our second quarter performance is more evidence of the strength of our lending and deposit franchises," CEO Gary...


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