Research Reports Issued on Hudson City (NASDAQ: HCBK) & Investors Bancorp (NASDAQ: ISBC) -- Savings & Loans Banks Seeing Recover
September 01 2010 - 9:30AM
Marketwired
The Bedford Report has commenced coverage on the Savings &
Loans Industry and has issued Research Reports on
Hudson City Bancorp Inc. (NASDAQ: HCBK) and
Investors Bancorp Inc. (NASDAQ: ISBC). Access to the
full company reports can be found at www.bedfordreport.com.
While results from banks that have large investment banking
activities have not been stellar, the story for banks in the
Savings & Loans industry has been much better. According to
both Wells Fargo and US Bancorp, demand for certain loans has been
increasing over the last quarter. Increased savings rates helped to
increase average deposits at the banks as well. This is good news
for the Savings & Loans Industry, with signs of recovery
showing for their core business activities.
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On August 20, in the largest takeover of a US bank in the last 2
years, First Niagara Financial Group announced a takeover of
NewAlliance Bancshares for $1.5 billion. This may be just the
beginning of consolidation announcements as banks look to improve
their positions.
Hudson City posted quarterly Earnings per Share of $0.29 on
Revenue of $351 million. Analysts rate the company's stock as Hold
at current valuation. Investors Bancorp posted quarterly Earnings
per Share of $0.14 on Revenue of $69 million. Analysts rate the
company's stock as Buy at current valuation.
Investors can get copies of the full analyst reports on
Hudson City and Investors
Bancorp by registering for free at www.bedfordreport.com.
The Bedford Report has not been compensated by any of the above
mentioned companies. We act as an independent research portal and
are aware that all investment entails inherent risks. Please view
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Contact: The Bedford Report Email Contact
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