The

financial

sector closed the day up 2.2%.

Oak Valley Bancorp

(

OVLY

),

Mercantile Bancorp Inc

(

MBR

),

FNB NC Corporation

(

FNBN

), and

Green Bankshares Inc

(

GRNB

) were all decliners today within the financial sector with

Hudson City Bancorp Inc

(

HCBK

) being today's featured financial loser. Hudson City Bancorp Inc fell 36 cents (-6.5%) to $5.86 on average volume. Throughout the day, 4.7 million shares of Hudson City Bancorp Inc exchanged hands as compared to its average daily volume of 6.1 million shares.

Hudson City Bancorp, Inc. operates as the bank holding company for Hudson City Savings Bank that provides a range of retail banking services. Hudson City Bancorp Inc has a market cap of $3 billion and is part of the

banking

industry. Shares are down 54.8% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Hudson City as a

hold

. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front,

Harleysville Group Inc

(

HGIC

),

Bank VA Chesterfield

(

BOVA

),

Affirmative Insurance Holdings Inc

(

AFFM

), and

EMC Insurance Group

(

EMCI

) were all gainers within the financial sector with

JPMorgan Chase

(

JPM

) being today's featured financial sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider

Financial Select Sector SPDR

(

XLF

) while those bearish on the financial sector could consider

Proshares Short Financials

(

SEF

).

null