First Commonwealth Financial Corp
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Financials : Banks | Small Cap Value
Company profile

First Commonwealth Financial Corporation is a financial holding company for First Commonwealth Bank (the Bank). First Commonwealth Bank is a Pennsylvania bank and trust company. The Bank provides a diversified array of consumer and commercial banking services. It also provides trust and wealth management services and offers insurance products through the Bank and its other operating subsidiaries. The Bank operates approximately 118 community banking offices throughout western and central Pennsylvania, and northeastern, central and southwestern Ohio, as well as corporate banking centers in Pittsburgh, Pennsylvania, and Columbus, Canton and Cleveland, Ohio, and mortgage banking offices in Wexford, Pennsylvania, and Hudson, Westlake and Lewis Center, Ohio. The Bank also operates a network of approximately 136 automated teller machines (ATMs), at various branch offices and offsite locations.

Price
Delayed
$14.49
Day's Change
0.015 (0.10%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.53
Day's Low
14.39
Volume
(Light)

Today's volume of 51,362 shares is on pace to be much lighter than FCF's 10-day average volume of 338,523 shares.

51,362

NIO stock bounces back again, and J.P. Morgan suggests it may be 'bottoming out'

11:28 am ET September 8, 2022 (MarketWatch)
Print

Shares of NIO Inc. bounced into positive territory Thursday, again, to buck weakness in rival China-based electric vehicle makers, after J.P. Morgan analyst Nick YC Lai suggested they may be "bottoming out." The stock was down as much as 2.8% earlier before reversing to rise 0.7% in morning trading, while XPeng Inc.'s stock shed 3.2% toward a record low and Li Auto Inc. shares slid 3.4%. On Wednesday, after NIO reported a wider-than-expected second-quarter loss and provided a downbeat third-quarter revenue outlook, the stock declined as much as 3.3% intraday before bouncing to close up 2.2%. Lai cut his stock price target to $25 from $30, but reiterated the overweight rating he's had on NIO since October 2020. He said NIO's earnings report was a "mixed bag," as the weaker bottom line and soft guidance came with vehicle gross profit margin that contracted less than feared. "That said, our recent visits to showrooms of all major EV brands (e.g., NIO, XPeng, Li, Aito, Changan) suggest robust demand for NIO's new models, including the ET5 sedan, ES7 SUV as well as the ET7 sedan -- all requiring over 3 months' wait," Lai wrote in a note to clients. NIO's stock has dropped 13.6% over the past three months, while the iShares China Large-Cap ETF has given up 15.8% and the S&P 500 has slipped 2.7%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

September 08, 2022 11:28 ET (15:28 GMT)

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