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Hudson City Bancorp, Inc. Message Board

  • tiglet2l tiglet2l Oct 26, 2011 9:23 AM Flag

    depressed? don't read this, it won't help.

    8:09AM Hudson City Banc misses by $0.01 (HCBK) 6.03 : Reports Q3 (Sep) earnings of $0.17 per share, $0.01 worse than the Capital IQ Consensus Estimate of $0.18. "With mortgage rates hitting all-time lows and reinvestment rates for mortgage securities below 3.0%, we believe balance sheet growth does not make sense in this environment. We anticipate continuing to restrain our balance sheet growth while the Federal Reserve and U.S. Treasury department continue their on-going attempts to spur economic growth by, among other things, keeping interest rates at historical lows... We believe that uncertainty surrounding new and anticipated regulations, the BASEL III capital and liquidity requirements, the continued weak economic conditions and extraordinarily low market interest rates are significant factors in investor sentiment regarding the financial sector."

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10.12-0.07(-0.69%)Oct 30 4:00 PMEDT