First Commonwealth Financial Corp. (FCF) on Tuesday reported fourth-quarter profit of $44.9 million. The Indiana, Pennsylvania-based bank said it had earnings of 43 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

CNB posts income of $33.6M in Q4

CNB Financial Corp. (CCNE) on Tuesday reported net income of $33.6 million in its fourth quarter. The Clearfield, Pennsylvania-based bank said it had earnings of $1.10 per share. Earnings, adjusted for non-recurring gains, were 88 cents per share.

The bank holding company posted revenue of $127.6 million in the period. Its revenue net of interest expense was $87.2 million, which beat Street forecasts. For the year, the company reported profit of $66.1 million, or $2.49 per share. Revenue was reported as $284.9 million.

PPG Industries Q4 earnings fall short

PPG Industries Inc. (PPG) on Tuesday reported fourth-quarter earnings of $300 million. The Pittsburgh-based company said it had profit of $1.33 per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to $1.51 per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

Carney rolls his eyes at US Treasury secretary

Canadian Prime Minister Mark Carney has told U.S. President Donald Trump that he stands by his comments made at the World Economic Forum in Davos. Carney plans to diversify Canada’s trade away from the U.S. with a dozen new deals.

On Tuesday, Carney rejected U.S. Treasury Secretary Scott Bessent’s claim that he walked back his remarks. Trump recently threatened a 100% tariff on Canadian goods if Canada pursued a trade deal with Beijing.

Wall Street sets record, but a dollar’s value slides

Wall Street ticked to a record as stocks zigzagged underneath the market’s surface following mixed profit reports from UnitedHealth, General Motors and other big companies.

The S&P 500 rose 0.4% Tuesday, even though more stocks fell within the index than rose. It squeaked past its prior all-time high set a couple weeks ago. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite rose 0.9%. Gains for Apple, Microsoft and GM helped work against sharp drops for UnitedHealth Group and other insurers.

Fed expected to keep rates unchanged

After two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week’s meeting about interest rates as straightforward and uneventful as possible, though President Donald Trump probably still won’t like the result.

The central bank’s interest rate-setting committee is almost certain to keep its key short-term rate unchanged at about 3.6%, after three straight quarter-point cuts last year. This week’s meeting will be overshadowed by the bombshell revelation earlier this month that the Justice Department has subpoenaed the Fed as part of a criminal investigation. It’s the first time a sitting Fed chair has been investigated, and prompted an unusually public rebuke from Powell.