New York, NY -- (SBWIRE) -- 04/22/2013 -- NII Holdings Inc. (NASDAQ:NIHD) upgraded by Zacks due to the following 2 reasons.
NII Holdings has decided to sell its operations in Peru to Chile’s Entel for around $400 million. The company will use the sale proceeds to focus on two of its largest markets, Mexico and Brazil.
NII Holdings combined with Motorola Mobility, a division of Google Inc. (GOOG), to launch Atrix HD smartphone in Mexico.
NII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile. The company was formerly known as Nextel International, Inc. and changed its name to NII Holdings, Inc. in December 2001. NII Holdings, Inc. was founded in 1995 and is based in Reston, Virginia.
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First Niagara Financial Group Inc. (NASDAQ:FNFG) announced first quarter 2013 results that reflect continued organic loan growth, particularly in commercial lending, positive operating leverage driven by strong focus on expense management, and strong credit quality.
In the first quarter of 2013, First Niagara reported net income available to common shareholders of $59.7 million, or $0.17 per diluted share compared to net income of $53.6 million, or $0.15 per diluted share in the fourth quarter of 2012. Results for the first quarter 2013 include the impact of a $6.3 million pre-tax charge, or $0.01 per share related to two executive departures announced last month.
Reported GAAP results for the fourth quarter of 2012 included $3.7 million of restructuring charges as well as the impact of the $16 million accelerated CMO premium amortization adjustment.
First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses.
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