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Hudson City Bancorp (HCBK) is upgraded to Buy at Guggenheim. Analysts there expect earnings to...

Hudson City Bancorp (HCBK) is upgraded to Buy at Guggenheim. Analysts there expect earnings to bottom in Q3 and growth to resume in 2013. Like others the bank has struggled with making money in this interest rate environment (and with the GSEs crowding out its mortgage business), but has thus far managed to maintain its $0.08 dividend.
Comments (2)
  • 07.31.12
    HCBK is a sick pup, the CEO dump most of his share at the high and stockholders have felt the brunt of his lies costing us dearly. Con man Jim Cramer recommended HCBK a super buy was in his pocket too, what a con too. After several calls of what the hell was going on with this bank, just more BS that everything was fine. True to the spirit of insider trading and corruption and fraud. I own six thousand shares of this shit paper and hope a buyout occurs to get me out. When out of this last stock I will like millions of other investors will flee Wall Street as fast as I can and watch the The Trading Houses squirm with financial anguish. due to lack of trading commissions. Sam B.
    31 Jul 2012, 09:36 AM Reply Like
  • I, too, was foolish enough to follow Cramer's strong endorsement. Never again. I am down 50+% on what, for me, is a big position. Cramer is no better than a carnival barker. I am praying that NYB, TD or AF buys it. It would be strategic for them in metro NYC market and the price is right.
    1 Aug 2012, 05:35 PM Reply Like
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