Hudson City Bancorp (HCBK) reported their 1Q11 earning results that were a little above the street view back on April 20th. This was exactly one week ago but we didn't see the earning report until today. While HCBK appeared on our 4/22 watch list, this is a great reminder to our readers that these lists are just a starting point.
Although the company reported a net loss of $1.13 per share and reduced their dividend to $0.08 from $0.15, a 46% reduction, shares are actually up roughly 1% (from 9.46 to 9.60).