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Hudson City Bancorp, Inc. Message Board

  • guppiegold guppiegold Mar 18, 2012 1:07 PM Flag

    Ridiculous Cheerleading

    HCBK hasn't gone up through $7 recently because the company has been doing brilliantly.

    It's mostly a case of a rising tide lifts all boats. The recent stress tests performed by the Fed, came out making poophills looking like roses, allowing JP Morgan & a lot of other banks to distribute a lot more in dividends & stock buybacks.

    This lifted the whole banking index, lifting HCBK at the same time.

    I don't see a reason why HCBK would be making more money. Mortgage rates are still pretty low. They need a lower cost of funds. Until rates start going back up, HCBK isn't going to be making a whole lot more money.

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