Oct 14, 2009 - 8:21 AM EDT
Paul Price submits:HCBK:NDQ - Oct. 13, 2009 Close: $13.17
Hudson City Bancorp, Inc. (HCBK) offers offering traditional deposit products, residential real estate mortgage loans and consumer loans. In addition, the Company purchases mortgages and mortgage-backed securities and other securities issued by United States government-sponsored enterprises. Its revenues are derived principally from interest on its mortgage loans and mortgage-backed securities, and interest and dividends on its investment securities. They have about 131 branches in NY, NJ, and CT. HCBK converted from a chartered mutual savings bank into its current form in two stages. The first came in 1999 and the final step took place on June 7, 2005.
Source: Seeking Alpha (Oct 14, 2009 - 8:21 AM EDT)