Looking Beyond Hudson City's Losses and Dividend Cut

The quarter in detail The loss for this quarter was almost inevitable because of the recent one-time balance sheet restructuring charges taken by the bank. This restructuring reduced the bank's after-tax earnings by $649.3 million. Net interest income decreased to $256.4 million in this quarter from $331.1 million in the corresponding quarter last year. The losses and dividend cut were quite apparent and were widely expected, though. Now, I would like to pay attention to some metrics that remained upbeat and project a positive outlook.... Read more