SOURCE: The Bedford Report

The Bedford Report

November 09, 2011 08:16 ET

Savings & Loans Industry Continues to Disappoint but Dividends Remain Strong

The Bedford Report Provides Equity Research on Hudson City Bancorp & New York Community

NEW YORK, NY--(Marketwire - Nov 9, 2011) - The Savings & Loans industry continues to underperform the broader market as many banks in the industry still work through bad loan debts and uncertainty over the effects of new stricter lending rules, leaving it difficult for these institutions to attract investors. The Bedford Report examines the outlook for the Savings and Loans Industry and provides equity research on Hudson City Bancorp, Inc. (NASDAQ: HCBK) and New York Community Bancorp, Inc. (NYSE: NYB). Access to the full company reports can be found at:

Savings and Loans stocks struggled as the European crisis deepened over the last two months. The concern is that a debt default by Greece could severely harm European banks that hold Greek debt. Although most domestic Savings & Loans institutions do not have a lot of -- if any -- direct exposure to the debts of European countries or banks, analysts warned that the European debt crisis could push the US economy into recession, which would surely hurt these banks.

With the Eurozone debt crisis showing signs of calming last month, investors can once again focus on domestic operations at US Savings & Loans banks.

The Bedford Report releases stock research on the savings and loans industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Savings & Loans stocks haven't been completely abandoned by investors. Many investors continue to turn to these equities due to their sizeable dividend yields. With Several Savings and Loans companies posting improved mortgage banking revenues in recent quarters, dividend payments have remained relatively stable.

Hudson City Bancorp pays an annual dividend of 32 cents for a hefty yield of around 5.6 percent. The company's third quarter 2011 operating earnings came in at 17 cents per share, well below the year-ago quarter earnings of 25 cents per share.

New York Community Bancorp pays an annual dividend of one dollar, for a seven percent yield. The company reported GAAP earnings of $119.8 million, or $0.27 per diluted share, for the three months ended September 30, 2011.

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