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First Niagara Financial Group Rises On Unusually High Volume (FNFG)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- First Niagara Financial Group (Nasdaq: FNFG) is trading at unusually high volume Wednesday with 7.7 million shares changing hands. It is currently at two times its average daily volume and trading up 32 cents (+3.8%) at $8.76 as of 11:31 a.m. ET.

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First Niagara Financial Group has a market cap of $3 billion and is part of the financial sector and banking industry. Shares are up 6.4% year to date as of the close of trading on Tuesday.

First Niagara Financial Group, Inc. operates as the holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates First Niagara Financial Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full First Niagara Financial Group Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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