SOURCE: Paragon Financial Limited

Paragon Financial Limited

April 09, 2012 08:20 ET

KeyCorp and Hudson City Bancorp, Inc. Looking Solid as Consumer-Loan Delinquencies Drop in the Fourth Quarter

The Paragon Report Provides Stock Research on KeyCorp and Hudson City Bancorp, Inc.

NEW YORK, NY--(Marketwire - Apr 9, 2012) - The Banking Industry have continued their recent run in the month of March. The SPDR S&P Regional Banking ETF (KRE) is up over 5 percent the last month and nearly 15 percent year-to-date. The Paragon Report examines the outlook for companies in the Banking Industry and provides equity research on KeyCorp (NYSE: KEY) and Hudson City Bancorp, Inc. (NASDAQ: HCBK).

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An improving U.S. economy and a strong labor market have reduced consumer-loan delinquencies in the fourth quarter to 2.49 percent from 2.59 percent in the previous three months. It is the first time in eight years that all 11 loan categories have shown a decrease in delinquencies according to data from the American Bankers Association. "You can't get a better consumer credit report card than this," James Chessen, the ABA's chief economist, said in a statement.

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KeyCorp will announce first quarter 2012 earnings on Thursday, April 19, 2012, before the market opens. A conference call will be held at 9:00 a.m. ET to review financial results.

Hudson City Bancorp, Inc., the holding company for Hudson City Savings Bank, will report the results of operations for the quarter ended March 31, 2012 on Wednesday, April 25, 2012. The earnings release, detailing the results of operations and financial condition of Hudson City Bancorp, will be issued prior to the opening of equity markets on that date.

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