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Hudson City 1Q Profit Rises 44 Percent

Stock quotes in this article: HCBK , TBBK  

PARAMUS, N.J. (AP) — Hudson City Bancorp Inc. said Tuesday its first-quarter profit rose 44 percent, slightly beating Wall Street's forecast, and the regional thrift slightly increased its dividend.

Hudson City said it posted net income for the three months ended March 31 of $127.7 million, or 26 cents per share, up from a profit of $88.7 million, or 18 cents per share, in the year-ago quarter.

Analysts surveyed by Thomson Reuters had forecast a profit of 25 cents per share, on average, for the latest quarter. ...

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