Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Hudson City Bancorp fell 14 cents (-1.6%) to $8.48 on heavy volume. Throughout the day, 19.9 million shares of Hudson City Bancorp exchanged hands as compared to its average daily volume of 8.5 million shares. The stock ranged in price between $8.29-$8.69 after having opened the day at $8.65 as compared to the previous trading day's close of $8.62. Other companies within the Banking industry that declined today were:
), down 27.9%,
), down 23.6%,
), down 9.8%, and
), down 8.8%.
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Hudson City Bancorp, Inc. operates as the bank holding company of Hudson City Savings Bank that provides retail banking services in the United States. Hudson City Bancorp has a market cap of $4.55 billion and is part of the financial sector. Shares are up 37.9% year to date as of the close of trading on Tuesday. Currently there are two analysts that rate Hudson City Bancorp a buy, one analyst rates it a sell, and nine rate it a hold.
TheStreet Ratings rates Hudson City Bancorp as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and feeble growth in the company's earnings per share.
- You can view the full Hudson City Ratings Report.
On the positive front,
VelocityShares 2x Long Copper ETN
), up 23.7%,
), up 13.9%,
), up 13.4%, and
), up 13.3%, were all gainers within the banking industry with
) being today's featured banking industry leader.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
) while those bearish on the banking industry could consider
- Find other investment ideas from our top rated ETFs lists.
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