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Keefe, Bruyette raises First Commonwealth (FCF +3.5%) to outperform on price weakness, saying...

Keefe, Bruyette raises First Commonwealth (FCF +3.5%) to outperform on price weakness, saying the bank will likely continue to deal with additional credit costs in the near term, but its capital reserve is strong enough to handle any credit problems.
Comments (1)
  • this bank has gotten killed the last 3 years when it got too big for it's britches and made loans in florida and vegas. prior to that it was a small community bank in western pa and very conservatively run. what a difference 3 years make. here is western pa not much changes no matter what is happening in the country. if ,and i think they can they go back to their roots they will make money. reason to own them that you do not see is they own a lot of prime real estate with their many branches. also the marcellus shale play is in their backyard giving them a shot at a lot of business. now may be the time to pull the trigger and buy some.
    20 Jul 2011, 06:10 PM Reply Like
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