THIS BANK CHAIN KEEPS ON GROWING.. during the financial meltdown that hit most of the banking industry, this bank actually grew in size and set earnings records. and they pay most of their earnings out in dividends, which artificialy makes them look like they earn less after all the stats are counted..but they are very strong.
Trustco's profits per share were 78 cents back in 2005. The profits dropped to 37 cents in 2009. Profits then slowly increased to 40 cents for 2012.
This stock is going nowhere fast, but it's moving slowly in the right direction.
this stock seems to fall near 5 when markets/bank news is down or on the negative- it will go up toward 6 when market/bank news in general gets better. There are a couple of idiots on this board that no NOTHING about this co or stocks in general- trst is a buy at 5 sell at 6. (the only thing that changes this is a market correction which will hit ALL stocks a bit harder)
777, are you from the Albany area? I didnt say it was bad investment, ljust there are other alternatives. So they doubled in size, thats strange, the stock price didnt double. You dont know these guys. Its a safe investment (no investment is safe these days) but price appreciation is going to lag the market. You in for the dividend only or dividend and price appreciation (it should be the latter)