Don't usually hang out on Yahoo because of all the bashers, even if deserved. I am long MU but what is going on makes no sense. We lose out on deal that would be a bad deal that pushed the price up but today we are getting hammered. Seems like they have their act together but future earnings and guidance will call their bluff. I am sure many here can argue both ways.
I don't post here much but have owned RAS a long time, long enough to have pulled most my hair out on at least two occasions. That said, for the last year or so, seems when I start to get irritated with it, something happens (or doesn't happen) and the share price starts going back up. If this thing is basically on solid footing, with such a great dividend, I can live with the swings I suppose.
MTB has hired consultants, i.e. a bunch of lawyers to ensure compliance. All needs this to come sooner rather than later. It is Hudson's best chance and reason it has done well of late except for dividend cuts. I remember Cramer once said "this was the stock to own". Haven't listened to Cramer since. Plus, he doesn't shut up about Apple.
I bought lots of HCBK one time at over 13. It has since been one disappointment over and over and a money loser. Unfortunately, I am pretty much stuck with it. Other banks are recovering, why not this one. I think we will be ok when and if the merger takes place. Will be relieved when that happens. Right now I don't trust Hudson management at all.
Agree that copious amounts of regulations are hurting banks and especially small businesses. Hundreds of new regulations each week--enough already...
M&T and HCBK really need each other. Todays announcement is to just give M&T some more time to get their act together to satisfy the regulatory folks. Hope the merger is sooner rather that later.
HCBK will be hurting for assets as if they weren't already. The merger is a tonic for Hudson. Now if the Washington bureaucrats will just get out of the way all will be well.