Hudson City Bancorp reported Q1 earnings that looked good overall, yet the stock dropped over 3% today. Overall the results of the past quarter were solid. They continue to grow at a solid rate and are not nearly showing the trouble that many other banks are showing.
The industry as a whole got pounded today and this dip only provides good opportunity for investors to accumulate more shares of this gem hidden amongst swines.
Read more about Hudson City Bancorp 1Q results
ShadowEquities.com is currently a holder of HCBK
Disclosure: Long HCBK